After comparing NEM and Ethereum, maybe you wonder why we migrate Blockchain in Tutellu? We all know that Tutellus changed its blockchain platform and needed something more potent for its needs like features of crypto best trading option. You wanted more flexibility, faster transactions, and technological compatibility. These are all advantages of the NEM blockchain.
The decision comes from a few factors, such as the team behind the platform when it comes to cryptocurrencies. Two teams are known for their quality and leadership. One is the NEO Global Development Team, led by former Microsoft executive John deVadoss. The other team is called the City of Zion and translating it into other languages. NGD gives funds to the team, which is the company behind NEO. The NEO Council is a part of the NGD and is responsible for strategic decisions and the overall promotion of the ecosystem.
Ethereum is the de-facto leader of blockchain evangelism among private companies, including the Ethereum Enterprise Alliance, with the highest membership of major corporations. But to use the network effectively, you must be able to develop smart contracts in a way that supports the platform’s capabilities.
To create smart contracts, you’ll need to learn Solidity, a highly typed programming language with built-in security benefits. However, the main drawback of Solidity is that developers must learn a new language to use its system, which is a huge hindrance to adoption.
Stratis
Stratis is a cryptocurrency that is easy to access, trade, and buy. Unlike Ethereum, where it can only execute eight to 25 transactions per second, Stratis can perform nearly 20,000 requests per second. These differences make Stratis a more attractive option than NEM and Ethereum, and it could be a viable investment for those looking for a low-cost cryptocurrency.
First, the trading fees for STRAT and NEM are low. That means that you can keep more of your profits. It is a significant factor, but it shouldn’t be the sole determining factor. Moreover, the best exchanges should allow users to move STRAT to their wallets right away, reducing the risks of exchange-based exchange losses. Therefore, it’s essential to choose a good exchange.
Lisk
Many Blockchain-oriented companies are always looking for an edge over competitors, and changing their blockchain can be one of those ways. In this case, a company like Tutellus is switching from the Ethereum blockchain to the NEM chain.
Both NEM and Ethereum have their strong points and weaknesses. While Ethereum is the most popular and influential blockchain, it’s also prone to high transaction fees – especially for projects with many users and units of time. NEM also has a centralization problem, leading to issues when building applications on the Ethereum network. Therefore, you decided to migrate to NEM, a popular choice for many startups and the most developed blockchain by market cap.
NEM offers flexible functionality that makes it easier for startups and developers to develop their internal blockchain tied to the NEM parent chain. Internal blockchains can consolidate user transactions with zero cost. NEM has also improved Tutellus’ flexibility and ability to adapt to a dynamic digital economy. We chose the NEM blockchain for these reasons:
Tutellus
Currently, there is no clear winner in the NEM vs. Ethereum debate. If you are a business that relies on high-speed transactions, the NEM blockchain is a better choice. Its flexibility, technological compatibility, and faster transactions are important factors.
NEM offers a large, active community of developers. It is cheap, flexible, and capable of handling up to 1,000 transactions per second. Tutellus is a high-tech educational institution and needs a blockchain that can scale with it. NEM aims to be both flexible and compatible. The benefits of this choice are many. However, the most compelling reason to migrate to NEM is that it is more secure than Ethereum.
Final Words
The performance of Ethereum is another reason for the migration. According to the Tutellus team, Ethereum is downright slow. This is primarily due to the number of events per user. Ethereum has a network that can process about 20 transactions per second, whereas Bitcoin can process around three. It will provide you a platform to do trading in Ethereum, and other coins with ease. This means that all projects building on Ethereum would become unusable if it clogs up.
