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NEM is designed to be a blockchain platform with improved scale and speed. NEM's blockchain is permissioned and private. It has some of the best transaction rates of any private ledger in the industry.Eternal is a remittance focused coin operating in Japan, Korea, Philippines, and Hong Kong.

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Company Description

NEM is a cryptocurrency and blockchain platform that allows multiple ledgers on the same blockchain. NEM Smart Assets are used to create mosaics for any asset. Transaction fees are paid with NEM's native currency, XEM. NEM originally began as a community-oriented cryptocurrency that was built from the ground up in the Java programming language.
NEM's goal is to achieve widespread distribution through improved scale and speed. It pioneered several blockchain features such as its proof-of-importance (POI) consensus algorithm, encrypted messaging, a unique reputation system, and multi-signature accounts.
NEM is also developing a commercial blocckahin called Mijin, that is currently being tested by several companies and financial institutions.
In early 2018, approximately $400 million worth of XEM were stolen from a Japanese exchange called Coincheck, that was the victim of huge hack. The exchange failed to implement proper security for this coin protocol, and the hackers only stole XEM coins as a result. Instead of creating a fork to deal with this issue, NEM set up an automated tagging system that flagged these funds. NEM then stopped tracking these stolen coins

Eternal is a Japanese cryptocurrency project that consists of Eternal Coin (XEC) and Eternal Token (XET). The project appears to be primarily focused on remittance payments, but can also be used as a medium of exchange for other purposes. XEC holders receive weekly dividend payments, and can only be traded through the company's authorized exchanges. XET was created to allow users to trade XEC on other crypto exchanges. 1 XET=10 XEC.

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