Tag Archives: bitcoin

NEM summary

WHAT IS NEM?

NEM (New Economy Movement) is a smart asset blockchain platform, designed primarily for Enterprise use.

 XEM is the cryptocurrency used for transactions on the NEM blockchain.

STRENGTHS

  • Scaling- Nem was designed from the ground up to be scalable and can handle 3000 transactions per second

  • Fees are scalable depending on size and complexity of transaction
  • Harvesting-  If an investor holds 10000 XEM they can "harvest" a new block and collect fees. This encourages investors to hold XEM.
  • Almost unlimited business use cases for the NEM platform

WEAKNESSES

  • As Nem is geared towards Enterprise adoption  the NEM Foundation doesn't seem as interested in marketing the currency XEM. 

OPPORTUNITIES

NEM has the potential to revolutionize the way global Businesses operate.

Whichever "smart" blockchain platform is first to gain mass adoption in the business world could be the next Apple or Microsoft.

THREATS

NEM faces a lot of strong competition in this category. 

Ethereum has a big head start. Other challengers include Cardano and NEO.

NEM will need to get the marketing right to ensure they stay competitive.

5 YEAR OUTLOOK

NEM looks to have a bright future ahead.

 Where it is in 5 years depends on how well they can sell the real world applications for their smart asset blockchain. 

The business world has to date been slow to realize the potential of blockchain technology. This could soon be about to change.

  • www.Binance.com 
  •   Over 80+ Currency pairs. No verification to trade crypto to crypto.
  • Fees: As low as 0.1% trading fee
  • Supported countries: Worldwide
  • Deposit methods: BTC, ETH, LTC, NEO & BNB
  • www.coinspot.com.au
  •   60+ Altcoins available.  User friendly.
  • Fees: 1-3%
  • Deposit currencies: AUD*, BTC, LTC, DOGE
  • Payment methods: BPAY, POLi, cash, cryptocurrency


Disclaimer- The Information on this website is provided for education and informational purposes only. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice

Bitcoin Cash Summary

WHAT IS BITCOIN CASH?

Bitcoin Cash is a hard-forked version of the original Bitcoin. Bitcoin Cash has larger block sizes and difficulty adjustment every 6 blocks.

STRENGTHS

  • Lower fees than Bitcoin
  • Faster transaction capacity

WEAKNESSES

  • Bitcoin Cash lacks the large community support of Bitcoin
  • Mining is largely centralized to Chinese mining pools
  • Scalability is still a problem and it remains to be seen how Bitcoin Cash would cope with Bitcoins level of Users.

OPPORTUNITIES

Bitcoin Cash could be the top coin for day to day transactions.

THREATS

If Bitcoin cash loses support of the Miners it will lose its low fees and fast transactions times.

Similar coins include the original Bitcoin, Litecoin and countless other coins in this space.

5 YEAR OUTLOOK

On paper Bitcoin Cash temporarily solves some of Bitcoins scalability problems.

However it remains to be seem if the market has an appetite for several Bitcoins.

  • www.Binance.com 
  •   Over 80+ Currency pairs. No verification to trade crypto to crypto.
  • Fees: As low as 0.1% trading fee
  • Supported countries: Worldwide
  • Deposit methods: BTC, ETH, LTC, NEO & BNB

  • www.coinspot.com.au
  •   60+ Altcoins available.  User friendly.
  • Fees: 1-3%
  • Deposit currencies: AUD*, BTC, LTC, DOGE
  • Payment methods: BPAY, POLi, cash, cryptocurrency


Disclaimer- The Information on this website is provided for education and informational purposes only. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice

Bitcoin Summary

WHAT IS BITCOIN?

BITCOIN is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

STRENGTHS

  • Bitcoin has the first mover advantage which still gives it a huge market share
  • Largest liquidity in the crypto market
  • Largest user base and closest crypto to have mass adoption

WEAKNESSES

  • Scalability- As more users are added the Bitcoin network is struggling under load
  • High transaction fees. This is due to the scalability problem
  • Slow transaction times.
  • Low anonymity


OPPORTUNITIES

Future upgrades like Lightning network and Atomic swaps could help with the problems that Bitcoin is facing.

THREATS

Bitcoin faces many threats from 2nd and 3rd generation coins that are newer but have advanced technology.

Bitcoin Cash is a hard fork from Bitcoin that aims at being the transactional version of Bitcoin.

Other coins that could one day challenge Bitcoin are Litecoin and Dash plus any number of coins that are yet to gain mass adoption.

5 YEAR OUTLOOK

Bitcoin still has enormous community support and is the only coin that has liquidity to currently support institutional investors.

It should remain at the top for some time but it is losing market share.

  • www.Binance.com 
  •   Over 80+ Currency pairs. No verification to trade crypto to crypto.
  • Fees: As low as 0.1% trading fee
  • Supported countries: Worldwide
  • Deposit methods: BTC, ETH, LTC, NEO & BNB
  • www.coinspot.com.au
  •   60+ Altcoins available.  User friendly.
  • Fees: 1-3%
  • Deposit currencies: AUD*, BTC, LTC, DOGE
  • Payment methods: BPAY, POLi, cash, cryptocurrency


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Disclaimer- The Information on this website is provided for education and informational purposes only. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice