NEM (short for New Economy Movement) is a dual layer blockchain platform quite similar to Ethereum's, with the main difference being that the former is written in Java. Launched on March 31, 2015, it has a peer to peer cryptocurrency, having the ticker symbol XEM which is 'harvested' using a Proof-of-Importance (PoI) algorithm. NEM's the first cryptocurrency after Bitcoin to have built its code from scratch. Its mainnet supports multiple ledgers on its cryptocurrency layer. The powerful Smart Assets layer supports mosaics to represent any store of value.

NEM has uses in various fields like:

 Financial management - financial payments, equity markets, creating a very own cryptocurrency and many more.

 Business management - automatic accounting, KYC, loyalty reward points, shipping, inspection and supply chain management.

 Secure records - encrypted messaging, anti-counterfeiting, authentication, etc.

 Decentralised organisations - voting security and can be used for crowdfunding, stock ownership and ICOs.

Unlike BTC and many other altcoins, NEM/XEM cannot be mined, well not exactly. The process by which new XEM coins can be obtained is called 'harvesting'. The other way to have XEM coins is via exchanges and there are plenty of them like Binance, Bittrex, CoinSwitch, HitBTC, etc.


*I'm new to this cryptocurrency world and whatever I learn, I write. I know it's all basic stuff, but I hope that, for those who are, like me, newbies, this might help.*

Quote from: Felix Felicis on June 11, 2019, 02:52:22 PM

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Wow, the writing is very long and very detailed, is this Copy-Paste or pure writing?
If possible, he wrote it with Co-Pas, ready to get negative karma.

I certainly did not copy-paste it from somewhere else. I wrote all of it on my own. I actually am a blogger of sorts. I have written this article on reddit too.
I'm new to this cryptocurrency world and whatever I learn, I write. I know it's all basic stuff, but I hope that, for those who are, like me, newbies, this might help.

are ethereum and ethereum clasic same?. can i make token like erc-20 on ethereum classic network?.

thanks before.

No, they aren't. Ethereum Classic is an open-source, decentralised blockchain technology platform possessing smart contract functionality. Much like Ethereum's blockchain, Ethereum Classic's blockchain is quite similar too, with the exception emerging from block 1920000. Also, Ethereum Classic uses the proof of work protocol instead of proof of stake, which is used by Ethereum and many other cryptos.

Ethereum Classic (ETC) is not an original cryptocurrency, but rather the older version of Ethereum (ETH). It all began with the DAO fiasco in 2016 and the need to bring changes in the Ethereum blockchain, leading to a hard fork. The people who were against the hard fork supported the original Ethereum, which was later renamed Ethereum Classic, and the upgraded version or the hard forked version, (ETH) Ethereum.

Ethereum Classic is an open-source, decentralised blockchain technology platform possessing smart contract functionality. Much like Ethereum's blockchain, Ethereum Classic's blockchain is quite similar too, with the exception emerging from block 1920000. Also, Ethereum Classic uses the proof of work protocol instead of proof of stake, which is used by Ethereum and many other cryptos.

IOTA (short for Internet of Things Application) is an open-sourced distributed ledger which helps in transactions between devices in the Internet of Things (IoT) economy. The distinct difference between other cryptos and IOTA is that the latter uses a Decentralised Acyclic Graph (DAG) named Tangle, instead of using a blockchain. The Tangle allows each transaction to be processed individually, rather than simultaneously, and even allows for them to be processed asynchronously. The platform's cryptocurrency is MIOTA and one of its striking characteristics is that it will enable micropayment transactions between connected devices.

Features IOTA possesses that are quite advantageous are:
    High scalability
    Low resource requirements
    Zero fee transactions
    Secure data transfer
    Offline transactions
    Quantum Immune

There are various features that make IOTA special for instance:
Unlike other cryptos, IOTA does not have a blockchain. Instead, it uses a Decentralised Acyclic Graph (DAG) named Tangle. The Tangle allows each transaction to be processed individually, rather than simultaneously, and even allows for them to be processed asynchronously.
The platform's cryptocurrency is MIOTA and one of its striking characteristics is that it will enable micropayment transactions between connected devices.

Features IOTA possesses that are quite advantageous are:
    High scalability
    Low resource requirements
    Zero fee transactions
    Secure data transfer
    Offline transactions
    Quantum Immune

Dash is an open-sourced cryptocurrency, which apart from being a form of decentralized autonomous organization (DAO), also uses the peer-to-peer network technology. Dash is short for Digital Cash and one of its main motives is to be as liquid as fiat currency which then can be used in various countries without much hindrance.

It was forked from the Bitcoin protocol and has got quite a few similarities with Bitcoin. For instance, Dash has its own blockchain, is open-sourced, has wallet infrastructure and community. But here comes the difference, that being, unlike BTC, Dash's transaction fee is negligible.

What makes Dash different from other altcoins is privacy being its characteristic nature. Initially, it was known as XCoin, then changed to DarkCoin, and now finally is Dash. (It is to be noted that Dash is no longer a Dark Coin). It was created and designed to guarantee user privacy as well as anonymity. According to its whitepaper, DASH is the first privacy-centric cryptographic currency.

Some of Dash's advantages are:

Liquidity
Faster and cheaper transactions
Versatility
Flexibility

DASH has a total supply of 18.9 million, of which around 8.8 million is already mined. Apart from mining, the coin can also be exchanged on various exchanges like Binance, OKEx, Bittrex, Cryptopia, CoinSwitch and many more.

To store DASH, there are various wallets supporting the said coin, but the ones that can be trusted and display numerous advantageous features are:

Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
Trezor - This wallet is the rival of Ledger and if a person doesn't want to spend 100 bucks on their wallet, they can go for this cheaper version. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
Atomic Wallet - This wallet is quite easy to use, being user-friendly and even beginners can use this easily. Atomic is an online wallet that is operable on both mobile and desktop as well.
Coinomi - This wallet has the broadest range of crypto, possessing more than 125 blockchains and 168 fiat currency representations. You don’t have to worry about security as Coinomi wallets have never been hacked ever!
Some other wallets that support DASH are Dash Core Wallet, Exodus, Guarda, Jaxx, Dash Cryptocurrency Wallet, MyDashWallet, DASH Core iOS, Dash Paper Wallet, etc.