NEM (XEM)

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NEM Coin (XEM) is a cryptocurrency made by UtopianFuture (a BitcoinTalk Forum User) in March 2015. NEM stands for New Economy Movement and it was started as a fork of NXT. However, the code has been thoroughly re-written in C++ giving rise to an entirely new codebase. It is a dual-layered blockchain solution that will power the Smart Asset Solution, a blockchain solution built on top of API calls.

The Smart Asset Solution is an innovative introduction to the blockchain space as it basically means that developers will not need to run any special NEM software as all functionality is accessed through API calls, increasing the efficiency in the development process for building dApps on the NEM blockchain. This greatly increases the flexibility for developers as it allows them to not only build dApps that can access the NEM API directly but also mix these API Calls with other server data whilst having NEM running in the background.

NEM also employs an innovative consensus algorithm that has been dubbed as Proof-of-Importance (PoI). PoI gives rise to a secure and decentralized network in which all nodes are well behaved as the system assigns an importance score that determines how often it can harvest XEM. Think of harvesting as mining; the higher a node's importance score, the more mining it can do. The importance is derived from users Vesting coins, a process where coins are locked up, similar to staking. The coins become "Vested" over time, increasing the importance score. Users need to have at least 10,000 XEM to be assigned an importance score.

In this tag you can discover NEM Coin (XEM) news, price prediction, opinion and analysis created by users.


What is NEM? [A Comprehensive Guide to Understanding NEM]

20 Sep 2019 6 minute read Mr.CryptoWiki $5.90 tipped

Just like Ethereum and many other projects created in 2015-2017, New Economy Movement or NEM is a dual-layer blockchain. However, the difference is that NEM is written in Java. NEM core team believe blockchain does not need to be complex. Blockchain...

SUPER LOW PRICED CRYPTO INVESTMENT IDEAS THAT COULD PAY OFF BIGTIME

31 Jul 2019 3 minute read Jeffrey Allen Kaufman $0.46 tipped

MY 5 BEST SUGGESTIONS FOR INVESTMENT IDEAS I’m going to list 5 Cryptocurrencies that could easily be golden eggs in the crypto henhouse in the next 5 to 10 years. These will be long term investment ideas and not the quick turn and burn “it’s my money...

The Magnum e-wallet now supports the XEM coin.

13 May 2019 1 minute read plachpalach (Andrew Cherkasov) $0.03 tipped

The Magnum e-wallet now supports the NEM coin. The priority for Magnum has always been to maintain close partnerships with the token developers it stores and exchanges. In this case, NEM is no exception. As stated by the developers of the Magnum wall...

XEM moves Monero and Ethereum Classic from the top of cryptocoins

6 Oct 2019 1 minute read Binhpong2 $0.00 tipped

The cryptocoin XEM, native of the hybrid blockchain NEM, experienced an unusual rebound in the dawn of this April 19 that led it to surpass Ethereum Classic and Monero in the ranking of cryptocoins .The upward trend of XEM has been continuous since m...

A Quick Overview Of NEM Project

14 Sep 2019 6 minute read Rumi $4.69 tipped

Overview NEM іѕ а dual-lауеr blосkсhаіn ѕіmіlаr tо Etherеum but written іn Jаvа, а popular computer programming language. Launchеd оn Mаrсh 31, 2015, the NEM mаinnеt ѕuрроrtѕ multiрlе ledgerѕ оn іtѕ cryptocurrency lауеr, and the NEM Smаrt Aѕѕеtѕ lа...