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What's new for NEM? What are you offering now? We have been around for
four years they've understood we have seen how the NEM version 1 has
performed I must say that I'm very happy with with the performance so far hasn't
failed us and what we have done now is to release in fact we have actually
released version 2.0 and version 2.0 which essentially gives us much more
power in its performance and one of the most outstanding feature is the ability
for us to transact at 4000 transactions per second and the other feature is the
way the architecture of the server's are being designed and if one understands
the web architecture which is the multi-tiered solution we follow strictly
to that and therefore it is a very much scalable solution that we can actually
be used off with this technology that we have.
(Your blockchain technology can be bought individually or as part of an existing blockchain. Do you think this sets you apart?)
Buying into an existing blockchain
is more so of a business decision but we have we do have things like it being
used separately and downloaded from from our GitHub sort of thing but having said
that having said that I must qualify that or we are not we're not there yet
in terms of giving this option of downloading it for free at the moment to
and then use and modify upon the blockchain that we have as an open
source project so essentially this will happen sometime this quarter. Is there
any conflict between offering both a native currency and operating what
essentially turned into multiple blockchains, right? Yeah well yeah you could
say that but I think we are looking at the greatest team of things right
I mean there are times when enterprises or even individuals who just
like to use the public blockchain to do simple tasks and to supplement their
businesses or enterprising choosing to use the enterprise class enterprise
class to power this is that their businesses so there will be a mix of use
both the public and what we call the private chain which is the enterprise
class solution.
(Can you tell me how you see that being scalable?)
If you were to look at how the web architecture is done
basically it is a multi tier solution where you can have a application server
and we have what we call the application gateway servers that sits on top that
serves the transaction requests and then we have the database solution that's
where the blockchain sits so we segregate that and we allow that to
scale horizontally so that we could actually accept more transactions per
second and this essentially what it is