NEM Ventures Announces Investment in Cyclebit

NEM Ventures Announces Investment in Cyclebit

10:37 - 22/11/2019

NEM Flash

Leading Venture Capital Firm Invests in Cryptocurrency Transaction Provider to Further Mainstream Adoption with PoS Terminals Gibraltar – November 21, 2019 – NEM Ventures, the venture capital and investment arm of the NEM blockchain...

NEM Foundation Technology Department Update – November 2019

NEM Foundation Technology Department Update – November 2019

09:29 - 17/11/2019

NEM Flash

Hi Nembers! Welcome back to the NEM Foundation Technology Department Update! We are pleased to share with you some of the ongoing discussions and updates in the technology department team. Contributions Period: October 2019...

NEM Studios Community Updates

NEM Studios Community Updates

09:18 - 05/11/2019

NEM Flash

Hello NEM Community, It has been a busy month for the NEM Studios team. The devs have been hard at work getting all the latest Catapult Fushicho updates in place. We are continually working...

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.