People have long been asking the question: What is the next Ethereum (ETH)? Maybe there won’t ever be a new Ethereum, but there are several coins that are close in concept, if not in price. Here’s why we put NEM vs. Lisk and why both are creeping up on Ethereum.
NEM (XEM)
Smart contracts are one of the best things about Ethereum. Binding, automatic, and no third-party hindrance. Just set up to your specifications and go.
NEM[1] has the Smart Asset. While a slightly different concept, a Smart Asset does allow for the customization of an Ethereum smart contract. The NEM Smart Asset allows you to completely customize how you want to use the NEM blockchain.
Customization ranges from naming your space on the blockchain to individually naming Mosaics, which are the building blocks of Smart Assets. Mosaics can represent whatever you like – a coin, a signature, a status update, anything. You can then create a specific address to act as a container for your Mosaics.
NEM’s platform is about managing assets. These include currencies, ownership records, supply chains, etc. It’s about bringing blockchain into your business and making it easy and accessible to work with.
With NEM’s Smart Asset technology, you build what you want and you manage it how you want. By connecting your customized Smart Assets together, you’ll be able to produce almost any type of business transaction on your blockchain.
Many new coins launch on the Ethereum platform. NEM, too, is capable of launching brand new cryptos via its customizable Smart Asset system. The system allows you to name it, allocate a set amount of tokens, and define the coin’s divisibility, transferability, and levy. It’s that simple.
There are numerous other applications available via NEM; you can read about them here[2]. However, the Smart Asset application, NEM’s defining application, is what brings NEM the closest to Ethereum.
NEM moved into the 10th largest crypto by market cap space and previously it has ranked as high as 6th. XEM is currently selling for $0.411882.
The question with NEM is, would people choose NEM over Ethereum when Ethereum remains strong?
>> Coincheck users being refunded their NEM[3]
Lisk (LSK)
Much like the Ethereum platform, Lisk[4] is a platform designed to be built on. Lisk is looking to make it as easy as possible for developers to build off of it and create a brand-new ecosystem of dapps.
With Lisk, you can build up your own blockchain using simple and free tools. You create a sidechain that can, once completed, exchange data with the Lisk mainchain. Because Lisk allows you to build off it via sidechains, scalability is less of an issue. A customizable sidechain can scale easily as your project grows.
Whatever you can imagine, you can build on Lisk. From trading games to supply chain verifications, anything is
