Why is the price keep falling
15% up right now.
https://drive.google.com/file/d/0B_jImF0AZXu-aC1qSjYxdE9hVnM/view (full document)
Extract below from Bloomberg, Bank of America, Merrill Lynch Global Research:
A wide variety of large-scale, sophisticated systems could be built on the Mijin platform, including point program services, account settlement, online gaming, mileage programs, insurance, and transactions at financial and government institutions. Mijin processing capacity among geographically separated nodes at end-2015 was 25 transactions a second and the aim is to achieve 100 transactions a second by end-2016. That jumps to more than several thousand a second when used with private blockchains, on a par with
credit card company systems.
Three core developers behind the New Economy Movement (NEM) virtual currency have joined forces with Tech Bureau to work on developing Mijin as a private blockchain
solution. NEM is a next-generation blockchain project that natively supports multisignature accounts, NameSpace (used to manage multiple assets), and Mosaic functionality, all of which are blockchain-based technologies utilizing APIs for easy handling.
Mijin is a private blockchain technology developed at Tech Bureau by the core developers behind the open source public blockchain technology underpinning NEM, which is a next-generation blockchain project initially conceived in 2014.
Other derivative private blockchains are also attracting attention, including MultiChain from Bitcoin and Eris and HydraChain from Ethereum. Each solution differs by integration with third-party applications, processing speed, and other factors, but the verification and testing phase in each case is moving forward. We look for adoption in distribution, rights, contract, and oversight applications.
Table 6: Relationship between primary public blockchains and private blockchains
Public Block Chain Description Private Block Chain
Bitcoin The largest transaction platform in the public blockchain MultiChain
Ethereum Proceeding in the area of smart-contract Eris
Ethereum Proceeding in the area of smart-contract HydraChain
NEM Industry standard API holder and integrating external application Mijin
Source: Bloomberg, BofA Merrill Lynch Global Research
Extract below from Bloomberg, Bank of America, Merrill Lynch Global Research:
A wide variety of large-scale, sophisticated systems could be built on the Mijin platform, including point program services, account settlement, online gaming, mileage programs, insurance, and transactions at financial and government institutions. Mijin processing capacity among geographically separated nodes at end-2015 was 25 transactions a second and the aim is to achieve 100 transactions a second by end-2016. That jumps to more than several thousand a second when used with private blockchains, on a par with
credit card company systems.
Three core developers behind the New Economy Movement (NEM) virtual currency have joined forces with Tech Bureau to work on developing Mijin as a private blockchain
solution. NEM is a next-generation blockchain project that natively supports multisignature accounts, NameSpace (used to manage multiple assets), and Mosaic functionality, all of which are blockchain-based technologies utilizing APIs for easy handling.
Mijin is a private blockchain technology developed at Tech Bureau by the core developers behind the open source public blockchain technology underpinning NEM, which is a next-generation blockchain project initially conceived in 2014.
Other derivative private blockchains are also attracting attention, including MultiChain from Bitcoin and Eris and HydraChain from Ethereum. Each solution differs by integration with third-party applications, processing speed, and other factors, but the verification and testing phase in each case is moving forward. We look for adoption in distribution, rights, contract, and oversight applications.
Table 6: Relationship between primary public blockchains and private blockchains
Public Block Chain Description Private Block Chain
Bitcoin The largest transaction platform in the public blockchain MultiChain
Ethereum Proceeding in the area of smart-contract Eris
Ethereum Proceeding in the area of smart-contract HydraChain
NEM Industry standard API holder and integrating external application Mijin
Source: Bloomberg, BofA Merrill Lynch Global Research
thx for posting. nice article