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Here’s Why NEM (XEM) Is Already Ahead Of Ethereum (ETH)

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NEM and XEM what's what?
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NEM (XEM) might only command a market capitalization that gives it a ranking of 10th in the overall cryptocurrency space but, if you were to rearrange this ranking based on future potential (perhaps, rearrange it to reflect what could well be the situation within three years), NEM could easily slot within the top three coins on the market.

With a current market capitalization of just $5 billion, as compares to the $141 billion cap of bitcoin, the $79 billion cap of Ethereum and even the $30 billion cap of Ripple, that seems, at a glance, like a bit of an outlandish claim.

XEM Daily Chart

XEM Daily Chart

Take a look at this one behind the scenes, however, and it becomes far more of a valid hypothesis.

Here is what we are thinking.

For anybody that is new to NEM, the company (eponymous) has developed a technology that many see as similar to the technology that the above-mentioned Ethereum has created and, in some ways, this comparison is valid.

In many ways, however, it’s not.

For starters, Ethereum is entirely decentralized, while the NEM technology incorporates a degree of centralization but, at the same time, is far more suited to quick and easy integration with current enterprise-grade technology than is Ethereum.

There is plenty of information available as to the deep technological differences between the platforms and their respective technologies but, for us, the best way to think of these two is that Ethereum is designed to completely rebuild the way enterprise technology works, from the ground up. NEM, on the other hand, is almost like a plug-in system that can be built on top of current technologies to allow for integration with blockchain technology, which, in turn, allows the company using it to draw benefit from the inclusion of a blockchain based system in their existing technological framework.

NEM offers both a private and a public blockchain technology through the use of its Mijin platform, which also allows companies to maintain some degree of privacy as far as use of their assets and data is concerned – something that is very difficult (if not impossible) to achieve when building a decentralized application system on Ethereum’s platform.

Additionally, through the use of what NEM calls Mosaics, developers can integrate the NEM blockchain technology into their existing technological framework using pretty much any programming language, as compares to the restrictions of a platform-specific language for Ethereum (Solidity).

This means that a company wanting to employ blockchain technology doesn’t have to simultaneously employ a brand-new team of programmers who are familiar with, in this case, the Solidity programming language. Instead, they can use their existing team for the integration.

So what’s our point here, what does all this mean?

Well, we are not downplaying the potential importance of Ethereum in the global blockchain revolution. What we are saying, however, is that Ethereum integration is a decade-long process that, outside of those companies who build on Ethereum from the outset (so, all those companies conducting ICOs right now), is a long way off realization for the vast majority of legacy corporations.

NEM technology, on the other hand, is almost an overnight integration solution. What we see happening, therefore, is those companies looking to migrate to blockchain technology doing so through NEM initially, before maybe migrating to Ethereum long term.

Some, of course, will use NEM in this stepping-stone manner, while some will stick with NEM longer term – there’s no immediate disadvantage to falling within this latter camp, especially for an early adaptor (which these companies are by definition).

And of course, as NEM adoption spikes, the demand for XEM as a platform functionality asset will push up the price.

We will be updating our subscribers as soon as we know more. For the latest on NEM, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of NEM

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Warren Buffett and TRON’s Justin Sun Finally Meet for Charity Lunch

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Warren Buffett
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The creator and CEO of a cryptocurrency/decentralised project TRON, Justin Sun, has finally managed to meet with Warren Buffett over a charity lunch. The billionaire and chairman of Berkshire Hathaway has been in constant negotiations with Sun over a possible lunch but the two executives were constantly busy, which has resulted in numerous postponements.

According to Cointelegraph, the two of them decided to meet on January 23 in Nebraska. They were attending a private country club there, but it seems that they weren’t the only ones who made it to the gathering. Some of the other guests who joined Sun and Buffett were Charlie Lee, the founder of Litecoin Foundation, Chris Lee, the CFO of Huobi, Helen Hai, the head of Binance Charity Foundation, and Yoni Assia, the CEO of eToro. 

Sun was rather excited about the event, claiming that it was ‘really an honor’ to meet Warren Buffett in person. Moreover, Sun stated that he was grateful for Buffett’s vision, wisdom, and dinner. Finally, he said he would always remember pieces of advice Buffett provided him with when it comes to making a better ecosystem for Tron and doing business with partners in the world of blockchain.

Why Was This Luncheon Organised in the First Place?

Those who are not from the crypto…

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Should You Invest in TRON in 2020?

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TRON
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Although the idea of using cryptocurrencies and incorporating them into the modern world is not that new anymore, some people still don’t have a clue about the many options cryptocurrencies offer. The majority of people probably know about Bitcoin, but there are many other cryptos that have evolved in recent years. One of them is TRON, founded in 2017 by Justin Sun, who managed to make it quite famous in one year’s time.

If you are only getting started with Tron, you probably don’t know much about this promising cryptocurrency. That’s why we have done some digging for you and found all the predictions for TRON in 2020. 

In this text, we will list all the facts brought up by cryptocurrency experts, so that you can see for yourself if TRON is something you would like to invest in.

Advantages

Let’s start with the positive aspects of TRON. There are several good things that indicate how successful this cryptocurrency could be in the future, as well as how much its users could benefit from it.

Great Team

As mentioned before, TRON was founded by Justin Sun, one of the most talented young people who got listed in the Forbes ‘30 Under 30’ section. Continue Reading

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5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies

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It is considered that the best place to buy cryptocurrencies exchanges. But this is a mistake. Let’s think about why we don’t buy fiat currencies on stock and currency exchanges or on the interbank market. Because it takes a lot of time, you need to have quite large amounts, and trading licenses are also a problem.

The situation is similar in the cryptocurrency market. Exchanges require a lengthy KYC verification process. the process of withdrawing funds through a merchant can take up to 5 banking days. It should also be remembered that before withdrawing funds, you must conduct trading operations. 

What are the advantages of the brokerage service 365Cash.co?

You don’t need to go through a lengthy KYC verification process. This is a crucial aspect for those who worry about their anonymity. 

Low limits and fast execution of the exchange order. If you need a small amount quickly – 365Cash.co is the best choice.

The ability to use payment systems like Perfect Money, Payeer, AdvCash to buy cryptocurrencies at the market rate. Exchanges do not provide this opportunity.

Low commission. We do not charge customers a fixed fee for the exchange. We work at the market rate and are completely dependent on the spread.

Quick…

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