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RE: NEM, why is it so special?

in #chainbb-general7 years ago

I'm by no means an expert but from what I understand, there proof of importance concept is to prevent double spends which has been an issue with quite a few altcoins.

The immediate issue I have with NEM is the whole idea of vested balance. In such a volatile market old money is dangerous. There are other altcoins such as Siacoin and BitShares with much more impressive tech.

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Vesting is almost fully complete after two weeks and you only need 10,000 XEM to harvest. The vesting period is another security mechanism that makes Sybil attacks more difficult.

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