What is Mijin, is it different from NEM?

Mijin is a licensed version of NEM for Private block chain roll out. The difference between Mijin and NEM is as follows:

  • Higher throughput up to 100 Tx/s and more as it is being developed further
  • Nodes are in a private cloud/VPN
  • Accounts are permissioned, i.e, they are only visible to the user
  • Mijin accounts are not connected to NEM and work separately
  • APIs and functions found in NEM are also found in Mijin
  • Business entities can make use of it to develop their own applications and provide services to their users, independent of NEM
  • Mijin is centrally controlled and therefore is more suitable for centralised initiatives.