In the blink of an eye, the first cryptocurrency, Bitcoin Cash (BCH), which has been successfully split from the Bitcoin blockchain, has been born for the first year. Since the birth of Bitcoin Cash (BCH) on August 1, 2017, Bitcoin Cash (BCH) has often been compared with Bitcoin. Many people think that BCH cryptocurrency is a direct competitor to Bitcoin. In the world of cryptocurrencies, there are few coins that can be compared with Bitcoin. Even now, the Federal Reserve Bank of St. Louis in the United States publicly supports the BTC, recognizing the BTC as a legitimate currency and is also a tool for promoting private transactions. This has proved that bitcoin currency dominates the core position in the digital currency world. Kahn explained that traditionally, this area of payment is filled by cash, but cash is being quickly replaced by digital payments - this does not mean that demand for private transactions will disappear; instead, he said, "replaced with central bank electronic money Cash may spur people's need for other payment methods to address specific privacy issues."
The other one is quite different from Bitcoin and Ethereum. The new currency uses the original importance verification mechanism (POI). The way to confirm the 'importance' here is the number of NEM users holding the number of NEMs interacting with their wallets, which means that the NEM value is not only There are tokens, and the same emphasis is on the quality of transactions in the user's system.
Do you really know NEM? NEM cryptocurrency was born in 2015. It is a new economic engine that is positioned in a peer-to-peer platform that provides services such as payment, information exchange, asset management and naming. NEM uses the EigenTrust++ algorithm to monitor node behavior within the network to ensure more efficient operation and maintenance of the NEM network.
NIS is commensurate with the nodes in the NEM (the WEB service provider). Of course, the running node or the super node can be rewarded. The NEM system generates a block every minute.
At present, the development of NEM is very mature. NEM is composed of NEM Community Client (NCC) and NEM Basic Service Initiative (NIS). NCC can be understood as the front-end page (WEB service party) in contact with users in the Internet. At this stage, WEB browser Provided, will turn to a user-friendly light wallet later.
