BIMTRAZER is using BIM and NEM Technology

BIMTRAZER is using BIM and NEM Technology

22:04 - 08/08/2019

NEM Flash

The opening of ExpoBIM 2019 was held at the Autonomous University of Chile. This event brings together the most important public and private actors of BIM (Building Information Modeling) technology in Chile, who came...

NEM Ventures Announces Investment in IoDLT

NEM Ventures Announces Investment in IoDLT

11:04 - 01/08/2019

NEM Flash

NEM Ventures, the venture capital and investments arm of the NEM blockchain ecosystem, has announced its investment in IoDLT (Internet of Distributed Ledger Technologies), a B2B blockchain and IoT-based startup. IoDLT utilises IoT and...

NEM Foundation Q1 ROI Executive Summary

NEM Foundation Q1 ROI Executive Summary

00:11 - 09/07/2019

NEM Flash

Dear NEM Community, we are happy to provide you with an update on the Foundation’s Q1 ROI Executive Summary. A link to the slides can be found here. Alexandra Tinsman, President of the NEM...

Powering Down: NEM Ventures Announces Investment in Ample

Powering Down: NEM Ventures Announces Investment in Ample

15:01 - 01/07/2019

NEM Flash

The venture capital and investments arm of the NEM blockchain ecosystem invests in machine-learning smart meter company aiming to reduce environmental footprint using blockchain and behavioural economics Gibraltar – July 1, 2019 – NEM...

NEM Foundation Update: June 2019

NEM Foundation Update: June 2019

06:43 - 01/07/2019

NEM Flash

Dear community, We’ve been keeping busy this month as we work towards the impending Catapult launch this Fall. Here’s the latest progress made by the NEM Foundation. Translations Chinese – here Spanish – here...

Security Alert: Ethereum Constantinople Postponement

Security Alert: Ethereum Constantinople Postponement

08:00 - 15/01/2019

Ethereum.org

The Ethereum Core Developers and the Ethereum Security Community were made aware of the potential Constantinople-related issues identified by ChainSecurity on January 15, 2019. We are investigating any potential vulnerabilities and will follow with updates in this blog post and across social media channels. Out of an abundance of caution,...

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.