Hi,
I am researching about a lot of cryptocurrencies. For something to be successful, it should solve some genuine problem or provide a 10x improvement from the standard methods.
I have not been able to understand the unique problem that NEM is trying to solve or the improvements it provide to the current ecosystem.
From what I understand, NEM is trying to do 2 things:
First, Increase cryptocurrency adoption in the general public. It uses POI to rewards those who support the network by doing more transactions. I have 2 questions here: (A) Given we have one click mobile payments available in all major countries, do you see people adopting cryptocurrencies for daily payments? (B) Also, can’t participants, make spam transactions to other accounts that they hold and game the system?
Second, helping business make applications on blockchain. Isn’t ETH trying to do the same thing? How is NEM better than ETH? is it ETH for the east?
I will appreciate if anyone can help me understand if I am missing something.
Thanks!