NEM Announces Official Launch of NEM Studios

NEM Announces Official Launch of NEM Studios

17:08 - 20/06/2019

NEM Flash

Newly created arm of NEM ecosystem – NEM Studios – to propel Catapult release forward with CTO hire and expansion of the core development team Gibraltar – 20 June, 2019 – NEM Holdings, the...

Tutellus launches NEM certification course

Tutellus launches NEM certification course

02:59 - 15/06/2019

NEM Flash

Hello community, We are very proud to announce that you can now get NEM blockchain certification on the Tutellus edtech platform. Currently in Spanish only, we hope to have an English offering soon. Document...

Ride sharing Startup Mobi secures seed funding from NEM Ventures

Ride sharing Startup Mobi secures seed funding from NEM Ventures

19:20 - 04/06/2019

NEM Flash

NEM Ventures, the venture capital and investments arm of the NEM blockchain ecosystem, is pleased to announce investment in ride sharing startup, Mobi, which provides a safe and affordable carpooling app alternative. First hitting...

NEM Catapult Mobile Wallet Development Roadmap

NEM Catapult Mobile Wallet Development Roadmap

10:05 - 23/05/2019

NEM Flash

Hatio Innovations to develop the Catapult Mobile Wallet Following the successful awarding of the first RFP contract, Hatio Innovations and NEM Foundation have released the Development Roadmap for the NEM Catapult Mobile Wallet. While...

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.