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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.
5 Feb 2021 4 minute read 0 comments StealthEX
In this series of articles on smart contracts, we will explore different aspects of smart contracts: history, applications, technology. In this first part, we will focus on the history and will tell you about what are smart contracts, and how smart c...
27 Oct 2020 1 minute read 1 comment ultron91x
NEM is a group of individuals who trust each other to deliver and wants to shape the future of blockchain by sustaining a strong and healthy ecosystem that will contribute to the development of blockchain technology for generations to come, which wi...
3 Mar 2022 1 minute read 0 comments moon333
If you like the video then don't forget to upvote/tip and share, thanks You can also support my work at Patreon for more ideas: https://www.patreon.com/moon333 In order to play and watch the current performance of the chart you need at least a...
17 Dec 2021 1 minute read 0 comments グルスキー (gursky)
Users can easily create their own apps and tokens on the NEM network. The NEM platform provides an API that allows users to develop apps and tokens on the NEM network as if they were developing a normal web app, without depending on a specific progra...
9 Sep 2021 4 minute read 4 comments Swapzone
The Symbol project was officially launched on 17th March, 2021, and was developed by the original core team behind NEM, known for its proof-of-importance algorithm. NEM is still maintained, and will eventually run off the newer Symbol blockchain as a...
31 Jul 2021 7 minute read 0 comments ChangeNOW
Back in 2014, one idea was very popular in the crypto space: creating a blockchain alternative to Bitcoin’s where developers could build their own digital assets, and the native cryptocurrency of this network would fuel transactions on it. Many proje...
29 Jul 2021 2 minute read 0 comments Michael Selge
NEM is a blockchain platform, the main task of which is to create a truly decentralized crypto economy with the elimination of the problem of property inequality inherent in most financial models. What is NEM (XEM)? NEM developers claim that the...
24 Jun 2021 1 minute read 0 comments almontubo
Yes I've waited it for a long time, I wanted to mint an nft, just beacause it's a trend, not beacause I'm an artist.... On Ethereum It costs too much and there are so many artists, and I am nobody; So my chanches to sell my Artwork were near to 0%. I...
19 Apr 2021 4 minute read 0 comments SwapSpace
What is NEM crypto? The first block on the NEM Blockchain was mined on March 28, 2015, however, this project had already been developing for a year. In January 2014, NEM’s founder Gimre started work on what would be his new cryptocurrency called NEM,...
30 Mar 2021 1 minute read 0 comments moon333
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