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Author Topic: what is NEM?  (Read 23460 times)

Offline Crestie C. Tuvilla

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what is NEM?
« on: May 24, 2018, 02:21:06 PM »
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015.[1] Written in Java,[2] with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin,[3] which is being tested by financial institutions and private companies in Japan and internationally.

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what is NEM?
« on: May 24, 2018, 02:21:06 PM »

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Offline Kingking

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Re: what is NEM?
« Reply #1 on: June 11, 2018, 02:12:04 AM »
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015.[1] Written in Java,[2] with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin,[3] which is being tested by financial institutions and private companies in Japan and internationally.

It is a cryptocurrency that uses peer-to-peer and launched a blockchain last March. Its goal to distribute a wide model. It introduced new features to wolrd of blockchain.
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Offline Sherry_mae

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Re: what is NEM?
« Reply #2 on: June 12, 2018, 02:42:42 PM »
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015.[1] Written in Java,[2] with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin,[3] which is being tested by financial institutions and private companies in Japan and internationally.

NEM is the first "Smart Asset" blockchain in the world. It is build with businesses in mind, the NEM is also have a world class platform design to give a streamlined method to maintain secure the ledger of transaction. The blockchain technology of the NEM's gives a potential  to drastically simplify an huge variety of secure ledger and  transaction tracking system. The NEM was also designed with modular customization in mind and thanks to the "Smart Asset System" the NEM can be used for almost application.

Offline Eben

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Re: what is NEM?
« Reply #3 on: June 18, 2018, 07:11:52 PM »
New Economy Movement (NEM) is an enterprise-grade solution to power the impending blockchain economy. Originally intended to be a fork of NXT, the community decided to go with a completely new codebase with an alpha version released June 25, 2014, and the first stable release March 31, 2015. The platform is currently being rewritten in C++ and will be released as the “Catapult” update  in 2018.

Offline Burdogs

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Re: what is NEM?
« Reply #4 on: June 30, 2018, 04:14:01 PM »
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015.[1] Written in Java,[2] with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin,[3] which is being tested by financial institutions and private companies in Japan and internationally.
I think NEM is most similar to Ethereum in what it's attempting to accomplish. Through the implementation of mosaics and Namespaces, NEM is able to create tokens like Colored Coins in the Ethereum blockchain.

Offline Ris44d

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Re: what is NEM?
« Reply #5 on: July 11, 2018, 07:02:59 PM »
NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.

Offline ASTRO77

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Re: what is NEM?
« Reply #6 on: July 19, 2018, 09:02:50 PM »
 NEM like every other crypto uses peer-to-peer platform whose main  goal is to distribute a wide model and introduce new features to world of blockchain.

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Re: what is NEM?
« Reply #6 on: July 19, 2018, 09:02:50 PM »


Offline roykiyosi

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Re: what is NEM?
« Reply #7 on: October 02, 2018, 09:48:40 PM »
NEM was started by a Bitcoin Talk forum user called UtopianFuture who was inspired by Nxt. The initial plan for NEM was to create a fork of NXT, but this was eventually dismissed in favor of a completely new codebase. Starting on January 19, 2014, an open call for participation began on the Bitcointalk forum. The goal of the call was to create a community-oriented cryptocurrency from the ground up.

In April 2016, Tech Bureau, the operator one of Japan’s largest cryptocurrency exchanges, Zaif, formed a partnership with NEM for a new blockchain engine.
On 26 January 2018, Japanese cryptocurrency exchange Coincheck was the victim of a massive hack resulting in a loss of 523 million XEM coins, the native token of NEM, worth approximately $400 million. The hack only involved NEM, because the security breach was caused by the lack of strong security measures of Coincheck with regards to their implementation of NEM, lacking the use of multisignature support or a cold wallet[citation needed]. The NEM #DevelopmentTeam  refused to conduct a hard fork. Instead NEM is created an automated tagging system. This automated system followed the money and tagged any account that received tainted money\ The result of these actions was that NEM stopped tracking the stolen coins approximately mid-March 2018, after concluding that enough data was provided to the law enforcement authorities.

  

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Offline chapcha

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Re: what is NEM?
« Reply #8 on: October 09, 2018, 05:35:17 AM »
NEM is a p2p crypto platform with blockchain technology. This coin called XEM is very unique, because NEM is written in C ++ and Java. In addition this coin is expressed in a distributed model with the POI (Proof-of-Importance) algorithm.

Offline altery0518

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Re: what is NEM?
« Reply #9 on: October 13, 2018, 02:50:30 PM »
NEM's design architecture consists of two components. One is the node or NEM Infrastructure Server (NIS). The second is the client used for interacting with the nodes.[13] Its cryptocurrency wallet is the NanoWallet built with HTML and Javascript.

Another client was the NEM Community Client (NCC). The NIS is connected to the P2P network and acts as a gateway for the NCC. The NCC is client software that includes a wallet. The NCC has since been deprecated in favor of the NanoWallet. Both NCC and the NanoWallet can be run isolated from the internet, providing security through an airgap.
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Offline reshat

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Re: what is NEM?
« Reply #10 on: October 13, 2018, 10:21:55 PM »
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally.

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Re: what is NEM?
« Reply #11 on: October 15, 2018, 06:26:39 AM »
NEM is an innovative blockchain-based digital money. This NEM project uses Java and JavaScript. This project is widely distributed using new features with the Pol or Proof of Importance algorithm.

Offline getto

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Re: what is NEM?
« Reply #12 on: October 24, 2018, 12:41:10 AM »
The NEM blockchain powers what they call the Smart Asset System. This system is intended to be an open, customizable blockchain solution for any number of use cases built on top of simple, powerful API calls. The blockchain is secured and transactions are processed by a global network of nodes running the NEM core software, and the network is used as an API Gateway server.

This means developers looking to build blockchain powered apps don’t need to run any special NEM software as all of the NEM functionality is available by accessing API calls.
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Re: what is NEM?
« Reply #13 on: October 28, 2018, 07:23:16 AM »
NEM has stated goals from a broad distribution model and has introduced new features for blockchain technologies such as proof-of-importance (POI) algorithms, multisignature accounts, encrypted messages, and Eigentrust ++ reputation systems. NEM blockchain software is used in commercial blockchain called Mijin
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Offline sola

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Re: what is NEM?
« Reply #14 on: October 28, 2018, 06:07:12 PM »
NEM itself is a blockchain technology, much like Ethereum, with its base token being XEM. XEM performs the same functions on the NEM blockchain as ETH does on Ethereum. Other tokens could potentially be launched on NEM and even have a higher value than it does, depending on their application.

 

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