What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
Trade XEM - XEM Markets, Exchanges, Broker
What is NEM? NEM is a peer-to-peer crypto currency and blockchain platform from 2015. The project is based on a completely rewritten code and comes with some innovative features. The goals of NEM (New Economy Movement) are between using it as a payment system (similar to Bitcoin) and creating smart assets (similar to Ethereum).
At the top, however, is the principle of providing a fair and sustainable economic order with the New Economy Movement. The crypto currency is called XEM and is fixed at almost 9 billion (8,999,999,999) XEM, which are already in circulation.
Who manages the crypto currency NEM/XEM?
The NEM project was announced in early 2014 by the Bitcointalk user utopianfuture and programmed with the help of a number of other developers. NEM is globally designed, but it is easy to see that the majority of the developers come from Japan/Asia. In general, the development team does not try to put itself in the foreground, but rather the technology around the "NEM movement". A kind that reminds me of the Bitcoin founder Satoshi Nakamoto and pleases me.
What makes NEM special?
NEM combines various good approaches from Bitcoin (simplicity, robustness), Ethereum (complexity), NXT (mining) and other crypto projects and bundles them in the NEM platform. NEM/XEM is first of all an extremely fast, cheap and secure crypto currency. It can also be used as an encrypted messenger. Furthermore, it has four main features that make NEM interesting for me:
Proof-of-Importance is used in NEM to verify transactions. It can be compared to the proof-of-stake approach from Lisk or WAVES. The difference is that the harvesters (so called the miners in NEM) get a reward based on their XEM count and their activity on the network. The aim is to reward active users and to restrict "the rich getting richer and richer" by PoS.
Smart assets are called mosaics in NEM. With customizable assets different use cases can be mapped to the blockchain. These include stocks, currencies, digital goods, asset titles, birth certificates, ID cards, electronic elections, patents, and much more.
Multisignature solution allows users to link their payments to contract terms. Payments are only executed after a certain (minimum) number of signatories. These possible applications are particularly interesting for companies and community projects that can only have critical payments executed automatically by the joint activation of previously defined devices/persons.
Namespace DNS is NEM's own decentralized domain name system (DNS). Each user can register unique names on the blockchain, just like ICANN's DNS. This approach was taken up by the Namecoin project and is available at NEM as a functionality.
A comparison with Ethereum
It quickly becomes clear that NEM of the functionality plays in a league with Ethereum. Unlike Ethereum, NEM offers developers an easy and secure way to design blockchain applications. Rather, users are provided with a set of useful, secure and simple tools.
Conversely, as with Ethereum, it is not possible to write the code completely on the blockchain and develop decentralized applications (DApps). The DAO in the summer of 2016 was able to see what risks this could entail. Both have their advantages and disadvantages.
What is the state of development and future vision of NEM?
There is no real roadmap for NEM. In the initial development contract, however, some goals were set. An interesting project that uses the NEM blockchain is Mijin. Mijin uses the NEM technology as a private blockchain, which is specialized in the requirements of companies.
With the "Catapult blockchain solution platform" there is an exciting cooperation between NEM and Mijin. The aim here is to bring the functionality of private blockchains into the public NEM blockchain.
In general it can be said that NEM is still in its infancy and the infrastructure (e.g. the nanoWallet) has only recently been completed or is still under development.
Where can I get NEM/XEM from?
The crypto currency XEM can be bought with Bitcoin on Changelly, Poloniex or Bittrex. Unfortunately, XEM cannot (yet) be bought directly on a large stock exchange. XEM can be stored directly on the official wallets.
