NEM, a top ten cryptocurrency which has been public since early 2015, spiked in June 2016 to become one of the most popular alternative cryptocurrencies on the digital marketplace.
The development team has introduced numerous features in recent months. Mijin, a private chain based off of NEM technology with some enhancements help the crypto-currency to scale. It has been widely tested in Japan and is starting to gain traction in other countries like China and Malaysia, according to NEM founder Jeff McDonald.
Japan companies have stated that they finished the testing phase of Mijin and may release it in the back end of NEM projects.