Why NEM might surprise you
NEM launched in 2016 with the goal of becoming a public and private blockchain, the best of both worlds. Unlike bitcoin and many others that use proof-of-work algorithm, in which rewards are based off hashing power, NEM created a proof-of-importance algorithm that rewards users based on their contributions to the community. The process of creating blocks is called “harvesting” where the block creator is rewarded a transaction fee.
NEM is competing directly against Ethereum
Ethereum's more basic contracts are secure, however attempts at more complex contracts have created tricks and backdoors (security issues). This is where NEM gets interesting. NEM was built from scratch with security as top priority, NEM developers write and execute thousands of tests before every release, giving NEM the most secure blockckchain. NEM has been tested by many banks around the world.
NEM uses combinable functionalities capable of building more complicated and powerful application's based on atomic operation's . This will allow the network to create almost any technological combination thanks to its ( rest API )
Ethereum, right now can only process 15 TX/S, while NEM can process Over 4000 TX/S with the release of catapult, scheduled to be released at any time now. "Catapult is redefining the blockchain architecture landscape. It not only improves on the utility of the blockchain technology, but it also brings enterprise class design into the otherwise rigid and cumbersome blockchain solutions that we are used to." – Lon Wong, CEO of Dragonfly Fintech, and a core member of the NEM project.
The NEM development team, have stayed out of the spotlight while they are hard at work, developing what could be the biggest blockchain ever.