NEM Reassures Asset Holders after Zaif Exchange Security Incident

NEM Reassures Asset Holders after Zaif Exchange Security Incident

10:54 - 20/09/2018

NEM Flash

Multi-signature technology ensures protection and integrity of XEM- and NEM-based holdings SINGAPORE / TOKYO — September 20, 2018 — The NEM.io Foundation, creators of the peer-to-peer NEM blockchain platform providing payments, messaging, asset making and more, today announced...

NEM Foundation Update – September 9, 2018

NEM Foundation Update – September 9, 2018

18:11 - 13/09/2018

NEM Flash

Kristoff-Van-de-Reck-NEM-Update TLDR; NEMsp adds Swisscon Blockchain as a client, NEM signs a MoU with Kind Heaven (the creative team behind the Star Wars, Avatar, and Lord of the Rings movies), NEM’s Center of Excellence...

NEM Gaining Exposure Among Native Americans

NEM Gaining Exposure Among Native Americans

18:29 - 04/09/2018

NEM Flash

A major potential of blockchain technology is its ability to empower the underserved and disenfranchised across the world. Sovereign Native American nations throughout the United States represent perhaps one of the groups that can...

NEM Russia trip to the Republic of Abkhazia

NEM Russia trip to the Republic of Abkhazia

08:57 - 03/09/2018

NEM Flash

This article details the trip of the NEM Russia team to the Republic of Abkhazia. Telegram NEM Abkhazia : https://t.me/NemAbkhazia The initial trip to Abkhazia was a meeting between the State Investment Agency under the...

Eminem’s Latest Album Kamikaze Name-Checks Bitcoin

Eminem’s Latest Album Kamikaze Name-Checks Bitcoin

22:00 - 01/09/2018

newsbtc

Multi-award winning rap artist Eminem has just released his latest album, Kamikaze. On one of the tracks, collaborator Royce Da 5’9′ mentions Bitcoin in a light that is rare to see. Bitcoin Takes Another Step Towards Mainstream Acceptance Since the bull market of 2017, both news coverage and mentions of Bitcoin in popular culture have increased...

NEM, Dash and Petro in Venezuela: Head of NEM Latam Explains

NEM, Dash and Petro in Venezuela: Head of NEM Latam Explains

09:24 - 27/08/2018

NEM Flash

“We can confirm that the Venezuelan government is intending to use the NEM Blockchain”:Pedro Gutierrez First appeared on u.today Contents NEM in Venezuela Dash and NEM What’s next Is the Venezuelan government using the...

XVG, TRX, ZEN, BCH and NEM Added to NetCents Merchant Services

XVG, TRX, ZEN, BCH and NEM Added to NetCents Merchant Services

14:13 - 25/08/2018

Ethereumworldnews

NetCents, a next generation online payment processing platform for consumers and merchants, has announced the addition of the following five digital assets to its Merchants Gateway. Verge (XVG) Tron (TRX) ZenCash (ZEN) Bitcoin Cash (BCH) NEM (XEM) This addition is as a result of upcoming Partner and Merchant requests at the firm. Over the next […]

BAYERO UNIVERSITY, KANO: NEM BLOCKCHAIN for DEV MEETUP

BAYERO UNIVERSITY, KANO: NEM BLOCKCHAIN for DEV MEETUP

09:08 - 25/08/2018

NEM Flash

NEM Nigeria through NEM Kano, organized NEM BLOCKCHAIN for DEV MEETUP for students of Bayero University, Kano Nigeria. The event was staged at the popular CIT lecture Theater of Computer Science Depatment, Bayero University,...

What is the NEM ?

NEM is a peer-to-peer cryptographic platform encoded in Java and JavaScript with original source code. This platform aims to create a large distribution model. It has introduced new features in blockchain technology with its Proof-of-Importance (POI) algorithm. NEM also has an integrated secure and encrypted P2P messaging system, multisignature accounts and a reputation system.
POI is the consensus algorithm used in NEM to determine who will calculate the next block.
The importance of an account depends on how much money it holds. And how many transactions are made from that account. The POI differs from other initiatives using a cost-sharing model that does not take into account the overall support of the network. In some Proof-of-Stake systems a person only needs large amounts of coins to form a block.

However, in NEM, the amount of the transaction as well as the support of the network become an immortal factor. This was designed to encourage EMS users to not just keep NMS. But rather to actively trade in the NEM ecosystem.