NEM Foundation 2019 ROI Report

NEM Foundation 2019 ROI Report

14:55 - 10/03/2020

NEM Flash

Dear Community, Please find the NEM Foundation’s 2019 ROI Report. A link to the document can be found here. Translations: Japanese: here. Spanish: here. Mandarin: here. Italian:here. Russian: here. NEM Foundation 2019 ROI Report...

Travala.com Partners with NEM Foundation

Travala.com Partners with NEM Foundation

14:01 - 22/01/2020

NEM Flash

XEM token holders can now gain up to 40% off over 2 million hotels in 230 countries LONDON, UK –– Wednesday, January 22, 2020 — Today the NEM Foundation and Travala.com, the leading crypto-friendly hotel...

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.