Gifto Partners With NEM To Improve Scalability - NEM News. Wednesday, September 26
Gifto Partners With NEM To Improve Scalability
What happens when the world’s largest blockchain-based decentralized application (dApp) ecosystem, partners with NEM? Well, if the tests coming in the several coming months are successful, it will improve its scalability. On September 26, NEM announced that it will be partnering with Gifto, Gifto plans to use NEM’s blockchain Network to try and improve its scalability. The project will in the coming months make test runs after which Gifto will officially start using NEM’s blockchain.
"Gifto is the first cryptocurrency token integrated into a consumer app with tens of millions of users. With Gifto, digital content creators, gamers, and charities can send and receive customized virtual gifts across social media including Youtube, Instagram, and Facebook"
NEM Over Ethereum Implies Gifto Founder
Andy Tian, CEO, and Founder of Gifto speaking about the partnership described Gifto as one of the few projects demonstrating real growth and utility. To continue providing a great user experience for users the CEO says that Gifto is constantly looking for solutions beyond Ethereum and that NEM showed much promise for their needs.
NEM is one of a few blockchain networks that were built form the ground up. This gives it an advantage over other networks in that it delivers scale and speed. The network can continuously grow without compromising its scalability. This partnership is expected to grow NEM’s user base.
NEM’s blockchain is designed to be a better blockchain than traditional ones; like Ethereum and bitcoin. It is specifically coded for speed and scalability, two of the biggest issues with traditional blockchains. Developers can use the network to develop smart contracts and build blockchain-based apps.
NEM Price Analysis
After its launch in 2015, the coin was trading for almost nothing, hovering around $0.000281. It was not until the crypto boom experienced in 2017 that the coin steadily rose to $0.125. For much of the year, it traded between $0.1 to $0.2. In January of 2018 when most coins were recording their all-time high, NEM hit its all-time high of $1.90. It has since slipped below $1, and at the time of press, the coin is trading at $0.092869.
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