Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
nzminer
on 26/06/2016, 21:46:54 UTC
I dont get NEM.
NEM creates blockchain software that can be used by banks (mijin)?
But why do we have XEM then? What is the connection?

The beauty with this system is that banks and other financial institutions want their own private blockchain, which mijin offers.
This will offer them a high TPS with low cost instead of lots of fees.

The second advantage is this demonstrates the power of NEM, because its based on the exact same technology!

And to top it off, both NEM and Mijin are designed to work together, so people can have the best of both worlds.  Grin