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Author Topic: what is NEM?  (Read 23462 times)

Offline svsanya

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Re: what is NEM?
« Reply #15 on: November 18, 2018, 12:09:53 PM »
According to its specifications.  NEM is noticeably different from all existing cryptocurrencies, having a number of features.  at the moment it is a record value.  among all known cryptocurrencies.

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Re: what is NEM?
« Reply #15 on: November 18, 2018, 12:09:53 PM »

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Offline jbc081475

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Re: what is NEM?
« Reply #16 on: November 25, 2018, 02:30:00 AM »
NEM technology allows multiple ledgers to coexist on one blockchain. NEM Smart Assets allows users to create mosaics which can represent any asset. All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.

In July 2018 the NEM Foundation opened a Blockchain center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, co-working space as well as Southeast Asian regional headquarters for NEM in the region. It is considered the largest blockchain centre in the Southeast Asian Region at 11,000 square feet.
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altcoinstalks

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Re: what is NEM?
« Reply #17 on: November 29, 2018, 12:41:15 PM »
NEM technology allows multiple ledgers to coexist on one blockchain. NEM Smart Assets allows users to create mosaics which can represent any asset. All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.

In July 2018 the NEM Foundation opened a Blockchain center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, co-working space as well as Southeast Asian regional headquarters for NEM in the region. It is considered the largest blockchain centre in the Southeast Asian Region at 11,000 square feet.

I agree because i know this coin has a good technology to allow multiple ledger.With this,many people can be benefited with it.This coin will gain more popularity soon in the crypto community.
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Offline masudginanjar

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Re: what is NEM?
« Reply #18 on: December 26, 2018, 11:26:50 AM »
What I like most about NEM is that it is part of the Architecture Platform, here has been explained in detail if NEM also opens smartcontracts and the advantages that NEM provides.

I will quote from the NEM website, like this:
NEM's architecture is designed for both simplicity and flexibility of development. The blockchain is supported by nodes running NEM-provided software that implements NEM's feature set and unique consensus mechanism. This may be either open, decentralized, self-supporting NEM public blockchain, or may be a permissioned private NEM blockchain running on your own servers.
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Offline Stuart

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Re: what is NEM?
« Reply #19 on: January 03, 2019, 11:26:51 AM »
NEM technology allows multiple ledgers to coexist on one blockchain. NEM Smart Assets allows users to create mosaics which can represent any asset, and it does have fee for all its transactions.

Offline cryptomate3473

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Re: what is NEM?
« Reply #20 on: January 19, 2019, 03:14:23 PM »
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java,[1] 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.

NEM technology allows multiple ledgers to coexist on one blockchain. NEM Smart Assets[2][citation needed] allows users to create mosaics which can represent any asset (e.g. currency). All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.

Offline AquaX

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Re: what is NEM?
« Reply #21 on: February 03, 2019, 07:27:19 AM »
NEM is one of the oldest cryptocurrencies, started back in 2014, and one of the most valuable, with a market cap over $15 billion, but it’s also one of the least talked about. That may stem from its origins in Japan, but over the last few years, it has expanded its reach to Asia, Europe, and beyond by forming partnerships with major corporations around the world to use the private version of the NEM blockchain. While there are many new cryptocurrencies that have begun working on ways for large businesses to incorporate blockchain technology into their systems, NEM is much further along and has a working product already being used. With each new customer, NEMs reputation, and its market cap is growing.

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Re: what is NEM?
« Reply #21 on: February 03, 2019, 07:27:19 AM »


Offline ardhanimaul

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Re: what is NEM?
« Reply #22 on: February 04, 2019, 03:35:36 AM »
Founded by the pseudonymous individual or group known as ‘UtopianFuture’, NEM (New Economic Movement) is a peer-to-peer cryptocurrency and blockchain platform. The NEM source code is not derived from any existing blockchain code, instead, NEM’s source code is written entirely in the Java programming language and is completely original. The aim of the project is to create a secure economic system on the blockchain. The blockchain can function as a remittance network, financial settlement mechanism, messaging service, provide asset trading and smart contracts functionality, and even allow users to create their very own cryptocurrency.

Offline AvarS

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Re: what is NEM?
« Reply #23 on: February 04, 2019, 04:01:36 AM »
The first cryptocurrency after Bitcoin to have built its code from scratch, NEM is unique for many reasons. Its stability, versatile use cases and consensus system are just a few of the things that make NEM different. NEM, short for New Economic Movement, started out to build a smarter, more technologically advanced blockchain.

Offline RoyalGirl

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Re: what is NEM?
« Reply #24 on: February 04, 2019, 05:00:03 AM »
NEM is a blockchain platform built from the ground up to be simple for developers to use blockchain technology. NEM is built around a powerful system to customize your using of the blockchain. We call it the Smart Asset System. It gives you the power to use NEM as if it were a custom blockchain built for your application and your assets.

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Re: what is NEM?
« Reply #25 on: February 04, 2019, 05:18:44 AM »
NEM is a distributed digital currency and blockchain stage propelled on March 31, 2015. Written in Java, with a C++ form underway, NEM has an expressed objective of a wide appropriation demonstrate and has acquainted new highlights with blockchain innovation, for example, its confirmation of-significance (POI) calculation, multisignature accounts, scrambled informing, and an Eigentrust++ notoriety framework. The NEM blockchain programming is utilized as a part of a business blockchain called Mijin, which is being tried by budgetary foundations and privately owned businesses in Japan and globally.

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Re: what is NEM?
« Reply #26 on: February 04, 2019, 05:49:46 AM »
NEM is an acronym for New Economy Movement, a blockchain platform that was build from the ground up. The actual cryptocurrency trades with the symbol XEM. It was designed as an enterprise solution for the upcoming blockchain revolution and global economy. The original thoughts of creating NEM appeared on a BitcoinTalk forum post by user UtopianFuture. While it was originally planned as a fork of the NXT blockchain, the creator(s) decided to go with a completely new codebase instead, and released an alpha version written in Java on June 25. 2014. The first stable version was released on March 31, 2015.
Currently NEM is being rewritten and the update, called “Catapult”, is expected to be released sometime in 2018. It will make NEM faster and more scalable, as well as adding Aggregated Transactions and Multi-Level Multisignature Accounts, two features that have never been implemented on a blockchain previously.

Offline alyanov

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Re: what is NEM?
« Reply #27 on: February 05, 2019, 06:33:25 AM »
NEM is the world’s first “Smart Asset” blockchain. Built with businesses in mind, NEM is a world class platform designed to offer a streamlined method to maintain a secure ledger of transactions. NEM’s blockchain technology offers the potential to drastically simplify an enormous variety of secure ledger and transaction tracking systems. It provides an adaptable API interface that can be used with any programming language. Designed with modular customization in mind, NEM can be used for almost any application thanks to its “Smart Asset System”.  As of October 2017, NEM is the 7th largest cryptocurrency in the world, with a market cap of nearly 2 billion.

Offline hidayatachad

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Re: what is NEM?
« Reply #28 on: February 06, 2019, 08:20:48 AM »
The NEM project mainly focuses on creating a smart asset blockchain which can effectively perform under a serious workload. Although smart assets issued on a blockchain are nothing new, most public blockchains struggle to make any meaningful impact in this regard. Especially when it comes to applications outside of the cryptocurrency space, most public blockchains are not all that appealing right now. NEM, on the other hand, provides a fundamentally streamlined method of pushing blockchain technology beyond its limits

Offline enci55

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Re: what is NEM?
« Reply #29 on: February 09, 2019, 05:11:27 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. This allows for a lot of flexibility when it comes to system design and how various apps are making use of the NEM network. Apps can access the NEM API directly, access a separate server in addition to making NEM requests, or existing servers can be adapted to make use of NEM in the background.

 

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