What problem does this service solve?

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.ZClassic is a fork of ZCash. The key differences are that ZClassic doesn't charge miners a fee and there are no limitations to create artificial scarcity in the coin supply.

Token Stats

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

ZClassic is a privacy focused crytpocurrency that is a fork of ZCash. ZClassic enables a high degree of privacy and anonymity of transactions.The key differences between ZClassic and ZCash are the elimination of the 20% mining fee that are allocated as a "founders' reward" and the removal of ZCash's block limit, that was intended to create scarcity.

Ratings

Overall

(0)

(0)

Will this currency still be used in 10 years?
How scalable is this currency?
How adaptable is this currency to the changing needs of the market?
How effective is this currency as a medium of exchange?
How effective is this currency as a store of value?