Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
Tuxlsik
on 02/05/2016, 09:39:17 UTC
NEM did have the best distribution of any Alt IPO. Unfortunately, I just don't see the Alt market going anywhere. Everyone is looking at Bitcoin and features like Rootstock will make many Alts useless. A business isn't going to integrate with an Alt when they can integrate with the largest Blockchain ecosystem (Bitcoin).  Right now, companies don't even know what to do with Blockchain, by the time they do, Bitcoin will have the features ready. Most people won't have the stomach for Alts beyond speculation. The only Alts that will survive (in my opinion) will be those that can directly interact with Bitcoin.  It sucks, but the Alt coin boom is over and dead.

Man, it is time to really take a look around about what is happening.  The core NIS for NEM is so much more advanced than Bitcoin.  You are saying that companies won't build on NEM, that is so last year, because this year they actually ARE building on NEM.  http://techbureau.jp/ Tech Bureau just got $5,000,000 in funding.  There main product is Mijin, built with NEM technology, and the only chain ever to be certified by a real bank doing independent 3rd party stress tests of millions of accounts with millions of transactions a day and not faulting.  Bitcoin can't even do 1/10 of that and Mijin was in low safe gear for that test.

You think that Bitcoin will someday be ready and someday get business.  You think that people don't know what to do with the blockchain.  Actually..... there are A LOT of very smart people with resources and funds to build great blockchain projects, its just that Bitcoin was so slow, so clunky, and so hard to work with that they were sitting around waiting.  Ethereum and NEM are proving that together. Bitcoin needs to adapt or get left behind (and I say that as a person that owns a lot of BTC.

DF just signed a deal to work with Infoteria.  Infoteria provides software to over 5000 medium to large size companies and they want a blockchain to be a part of their enterprise software suite.  Maybe you have heard of some of those companies that use Infoteria as their software suite like Sony, Panasonic, and Mitsubishi?

Not only does NEM scale better than Bitcoin.  It has namespaces built into the core (like namespaces but better).  It has mosaics built into the core (like counter party but better).  It has encrypted messaging built into the core (is there even a fork of bitcoin doing that?).  And it has so many other things.  

NEM has a long line of firsts.  

  • A new consensus mechanism called POI.
  • First ever P2P time sync of nodes. (great for security of the chain)
  • First use of the Eigentrust++ as a security clustering algorithm allowing node reputations to be given and shared to their neighbor nodes in clusters, making it very difficult for a node to give false information consistently to the network. (great for security of the network)
  • First use of a new kind of transaction spam guard. It targets the specific accounts doing the spamming and raises their transaction fees, while letting the global transaction fee rate stay low. (good for the chain)
  • First blockchain with a multisig 2.0 protocol. NEM’s version of multisig doesn’t make new accounts for a multisig address, instead it takes an existing account and makes a contract over it with other accounts. This form of multi-user accounts can make any form of M of N with ease and can also can have the M or the N edited with ease as it is simply just updating the meta data of the blockchain based contract. This form of multisig also has blockchain based notifications so transactions or updates of the M of N are pushed to the wallets as transactions to sign. (great security and ease of use for the user. simply the easiest and most flexible multisig in crypto)
  • NEM’s multisig is so easy and flexible to use, it can be used as a foundational tool for DAO’s.
  • Mosaics are the most advanced token creation feature in crypto allowing for many advanced 2.0 features.  When creating personalized blockchain based tokens, the mosaic can be created as mutable, immutable, divisible, not divisible, levies, transferable, not transferable, descriptions, and a name as a part of namespaces. (great for businesses)
  • Along with mosaics, NEM also released its new naming service, Namespace, that is also the most advanced and most integrated naming service of any blockchain. (great for reputation of businesses that build on NEM as all projects can be under an umbrella name or or even sub-domains)



Good advertising copy, it would be good and better, if not dancing on stekholdera body.