NEM Blockchain applied to Building process

NEM Blockchain applied to Building process

00:01 - 11/10/2019

NEM Flash

Blockchain applied to Building process wins innovation award in ExpoEdifica Chile 2019 Within the framework of the International Construction Fair Chile (ExpoEDIFICA 2019), the most important event of Latin America in the field of...

Open Letter To Community: NEM Virtual Incubator Concept

Open Letter To Community: NEM Virtual Incubator Concept

00:01 - 10/10/2019

NEM Flash

Presenting the Concept of the NEM Virtual Incubator Dear NEM Community, This is an open call for opinions, thoughts and ideas in relation to a new initiative we want to start running in 2020...

The Future of Drone Delivery System: NEM Catapult & AXON IoT

The Future of Drone Delivery System: NEM Catapult & AXON IoT

09:26 - 09/10/2019

NEM Flash

Written by Bader Youssef & Bassem Youssef As an Amazon Prime member, I enjoy the benefits of ordering health supplements online. Competitive prices, better quality, and fast delivery are among those benefits. A good...

Input Requested: NEM Ventures Annual Community Update Report

Input Requested: NEM Ventures Annual Community Update Report

00:03 - 09/10/2019

NEM Flash

By Dave H. This is posted in my personal capacity, nothing to do with NEM Migration Committee Input Dear NEM Community As we mentioned on Twitter recently (https://mobile.twitter.com/NemVentures/status/1172045990657953792) it has been a year since...

NEM Foundation Update September 2019

NEM Foundation Update September 2019

10:52 - 27/09/2019

NEM Flash

NEM FOUNDATION SEPTEMBER 2019 Hi community, September has been a month of hard work with even more progress made toward the Catapult Network launch, and Migration Committee working together tireless towards a successful migration....

NEM Studios – Designing the Go-To-Market for Catapult

NEM Studios – Designing the Go-To-Market for Catapult

05:35 - 17/09/2019

NEM Flash

NEM Studios was incorporated on the 20th of May 2019, subsequently receiving funding on the 28th of June. Legally, it is part of the NEM Holdings Group in Gibraltar, the governance structure set up...

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.