Cool. Clif High actually mentioned Dimcoin as a project with great potential... it's great to see DAPPS ICOs coming out on NEM... we need the network effect of people building on NEM. Plus, with the scaling issues that Ethereum is struggling with... some people might start losing faith in ETH as a long term solution for all as their Roadmap keeps getting pushed back significantly. Metropolis was suppose to release last summer and they are now hoping for a mini Metropolis in September.
Why would you say that? Companies like to say how they are environmentally friendly and community concious. Poi is cheaper and saved a shit ton of power. Unlike pow or pos which is Ethereum and Bitcoin
I am certain many know but im better majority do not... i.e. if I talked to Joann the asst dean, shed be like so why nem over ethereum for ur idea. If I said.. oh well POI. She and i basically didnt communicate.
As for Lon, just look at the types of buesses he is courting...they are all inter-related. He is building his own web of businesses that weill eventurally all work with each other. He once said, if no exchange wants to list them, we build our own. Also look at Comsa with today's Ethereum, in the future there will be ICO's that are vetted by Comsa, and ICO's that are not vetted at all under Nem blockchain. If you do an ico not vetted, people will think what you have to hide? He is building a community based on Nem, not worry at all what the price of Xem is
So this is from wikipedia:
"A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties."
We usually see this on Ethereum because that's what it does, but now there are tons running on it.
So on NEM, you run such logic outside of the blockchain, simply on your own system or another. Being off chain, you have the ability to update it if needed, especially if there are security vulnerabilities.
Once a contract is verified by whatever your logic is, then the contract can initiate a transaction with the blockchain for whatever needs to be done.
A sneak peak to a company called Sernez.io, a decentralized P2P lending platform for affordable educational loans. Originally developed on Ethereum and is now shifting gears to the NEM blockchain, Sernez is looking to onboard the first students and colleges in India and soon after in the USA. I am looking forward to this platform that could save students time and money at any college in the world.
Everyone heard about the concept of blockchain, but today we will talk about a new direction - this is the sidechain and crosschain.
Sidechain is a new blockchain system based on the parent chain. Sidechains implement new financial ecosystems through integration into bitcoin, ethereum, and etc., which distinguishes them from other cryptocurrencies, which ignore existing networks. Using sidechains, we can easily create all sorts of smart financial contracts, stocks, futures, derivatives and much more.
Blockchain will become a sustainable language used in communication between economic agents (people, robots, etc). In the future will be a multiple range of blockchains both centralized and decentralized. Moving forward blockchains will have the ability to communicate with each other.
In connection with this, we see the evolution of ATUMbridge from the platform of various tokens exchange in ATUMbridge 2.0 to full-fledged bridge between different blockchains. The goal of the bridge is to simplify economic agent communication.
Today blockchain as a language of the future is only beginning to take shape; in practice, now and then, it can be employed only in a cryptocurrency trade.
In the perspective of several years, there will be the formation of clearing centers based on a number of blockchains. Clearing transactions will occur in the blockchain (p2p), the objects of trade will be synthetic instruments (due to which the crosschain is predominantly committed) to any class of assets. In this process, the issues of sustainability and reliability will be provided by the blockchain and independent nodes themselves.
Further, by using synthetic tools, trading operations and clearing can be fully used in the process of a direct crosschain.
The final stage is the complete integration of blockchain and crosschain solutions into the world financial cryptosystem.
ATUMchain project offers us on the organization of a crosschain platform for the exchange of cryptocurrency assets.
ATUMchain is a crosschain solution. This solution will allow us to make transactions between various blockchains. At the heart of the platform is their own blockchain which is tested on NEM, as well as a number of other solutions.
The purpose of ATUM is to provide a fast exchange of transactions (financial and other logic) at the client-client level.
ATUMbridge is a crosschain platform for trading of cryptocurrencies. The platform has own blockchain tested on NEM, Tendermint.
The aim of ATUMbridge is to provide transparent client-client (wallet-wallet) trading without a stock of funds to the exchange.
Advantages of ATUMbridge
- Direct client-client trading, counterparty risk is leveled;
- No restrictions on the volume of transactions and the need to pass KYC;
- Impossibility of the site to manipulate prices and trade against customers;
- Trade commission is 10x lower with the same speed and volume of processed transactions;
- Possibility of option trading;
- Reliable security of funds - funds are stored in the lockbox on a multi-account account and changes to the account are possible only if a "consensus" is reached between the owner, the site - ATUMbridge and the independent nodes of NEM;
- Speed of event processing per second of ATUMbridge is not inferior to existing centralized platforms, and besides there is the possibility of connection via API for traders;
- Commission - ATUMbridge is a competitive commission, which is 0.01% per transaction, which is almost 10 times less than that of existing sites;
- ATUMbridge is a platform where real traders can attract customers, and all back-office and risk management will be undertaken by NEM and ATUMbridge blockchain.