Can somebody explain if private NEM blockchain affects the public one we use.
Are they on a completely separate network and don't share transaction fees with all the public harvesters?
When Hitachi starts using NEM, will it be a private or public blockchain they use?
Private chains do not share transactions/blocks/fees with our public network.
And Hitachi sure is using a private chain, at least for testing.
So how will that help with growing this blockchain?
Everyone is saying "Hitachi new 150 mil users, to the moon etc." but it doesn't even matter in the end. Because all the serious tech companies are going to use the private version which doesn't do anything to increase the value of XEM and share bigger rewards for nodes.
Yes please explain how this will benefit us.
My understanding is that all private blockchain networks will eventually need cross communication publicly and this is where NEM can be employed to facilitate cross private [Suspicious link removed]munication
Yeah maybe. I would still appreciate if someone from staff or development team could clarify this.
I would also appreciate a verification from a dev or any staff member of NEM
I'm not a dev or staff just an old time holder but for what is worth my understanding is as follows :
1 - It does legitimise the platform as Corporations (i.e. Hitachi) are ready to use and get involved with the NEM tech.
2 - It helps with development as this Corporations will stress test the network and when something is deployed is going to be 100%.
3 - It helps with development as this Corporations put lot of resources in the projects they are working on.
4 - This Corporations then may chose to link their own private chain with the public network for some projects.
5 - Other companies that do not need privacy will see the value and will start to use the public chain.
As an example, Catapult is/will be tested in the private/Mijin network first and once is sound and solid it will be deployed to the public net so the transition will be as smooth as it gets.
We have some of the best and more professional devs in the space, BloodyRookie, Jaguar et all. Future is bright for NEM and I think we are only getting started so my advise would be to hold on tight to your XEM.
