What's So Special About NEM? | Blockchain Central

The video introduces NIM, a blockchain network from Japan, highlighting its unique features like the smart asset system and proof of importance validation. Founded in 2015, NIM aims to provide decentralized financial freedom. It offers a flexible architecture, allowing users to tailor the blockchain to their needs. The proof of importance mechanism reduces computational power requirements, promoting active participation. NIM supports both public and private blockchains, with the Venezuelan Petro as a notable example. The video concludes with a disclaimer about financial advice.

How does the transaction fee mechanism work in Nim's network?

What are the advantages of using a public versus a private blockchain in the context of Nim?

Discuss the significance of the Venezuelan petrol cryptocurrency in relation to the Nim protocol.