NEM and Gifto join hands to refine scalability and decrease costs

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September 26, 2018 by
NEM and Gifto join hands to refine scalability and decrease costs

Peer-to-peer cryptocurrency and also blockchain platform NEM is trying to enhance its scalability and also minimize expenses. These 2 factors in turn will boost the company’s competitive advantage. To accomplish this, the blockchain firm on Wednesday announced its partnership with Gifto, a blockchain-backed decentralized application (dApp) environment.

” We developed the NEM blockchain system from scratch to surpass completing solutions in all aspects,” stated Steve Li, NEM China Regional Head. “Our collaboration with Gifto assists NEM get to a new customer base, and also we look forward to collaborating with their group.”

Gifto likewise announced the partnership, mentioning: “GIFTO GROWTH UPDATE! Gifto is partnering with #NEM to discover and examine the scalability and performance of its blockchain for Gifto Dapps.”

In the following couple of months, Gifto will certainly be running tests on the NEM blockchain with the purpose of enhancing its scalability for a few services that are based upon blockchain.

Owner & Chief Executive Officer of Gifto and Asia Innovations Team, Andy Tian claimed: “Gifto is just one of the few tasks in the blockchain area demonstrating user growth as well as real energy. In order to preserve a wonderful individual experience on our system, we are continuously assessing new blockchain technology past Ethereum, and NEM has appealing options to some of Gifto’s demands.”


Brunda is currently a Blockchain Correspondent at Kranbitcoin and has been in the journalism industry for more than 4 years. She churns out different articles on cryptocurrency and Blockchain technology. With writing as a passion and profession, she has previously written several articles on lifestyle, health, cricket, and entertainment. When she is not writing, she is busy binge-watching TV shows or movies.

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