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Author Topic: what is NEM?  (Read 20132 times)

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Re: what is NEM?
« Reply #30 on: April 24, 2019, 12:35:30 AM »
NEM coins are very good and since they were created NEM has always been potential, and we can see that NEM coins will continue and grow in the future.
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Re: what is NEM?
« Reply #30 on: April 24, 2019, 12:35:30 AM »


Felix Felicis

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Re: what is NEM?
« Reply #31 on: June 14, 2019, 03:43:45 PM »
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.*

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Re: what is NEM?
« Reply #31 on: June 14, 2019, 03:43:45 PM »
:)

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Re: what is NEM?
« Reply #32 on: October 16, 2020, 08:11:31 PM »
NEM, which calls itself the Smart Asset blockchain, is a technology platform that seeks to be an efficient way to manage assets and data easily and at low cost. (For more, see Top Non-Bitcoin Altcoins for Your Portfolio in 2018.) Let's explore NEM, its working, features, advantages, and its potential applications.
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Re: what is NEM?
« Reply #33 on: October 19, 2020, 05:40:41 AM »
NEM is one of the oldest cryptocurrencies. Blockchain protected. An open for any number of uses,
« Last Edit: January 05, 2021, 03:44:28 AM by Herry »
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Re: what is NEM?
« Reply #34 on: October 23, 2020, 02:02:45 AM »
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.

Yes , I think NEM is similar to ethereum technology. But ethereum is more popular and always be top of altcoins. I have seen many opinion at this forum, NEM will have good future and compete with other. I hope it will happen soon.
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Re: what is NEM?
« Reply #35 on: November 26, 2020, 02:11:28 AM »
New Economy Movement.’ The platform wants to create a sustainable economy, guarantee financial freedom, and focuses on values such as equal opportunities and self-determination. XEM is the corresponding cryptocurrency. Behind NEM XEM are 70 people worldwide who take care of the platform.
What makes it a very popular is it has a lot of prestige all over the world.  A blockchain platform.
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Re: what is NEM?
« Reply #36 on: January 09, 2021, 01:11:55 PM »
NEM so powerful is the Smart Asset System. Nodes on the NEM blockchain process API calls which makes it easy to develop for whether the dApp accesses NEM’s API directly through a server or in the background. Basically NEM built a blockchain-based cloud platform with a NEM Infrastructure Server made of secure, decentralized processing nodes on one side and a client side like the NEM Community Client which acts as a gateway.

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Re: what is NEM?
« Reply #37 on: September 22, 2022, 01:11:10 PM »
NEM is best crypto currency. It is a quality coin suitable for long term investment because it leads to a great future goal. The purpose of this crypto currency is to establish a new economic structure based on the principles of decentralisation. This coin is managed by the Nem.io foundation in the singapore.
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.
.Maximus Coin.
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Building the world’s first ever
decentralized ecosystem backed by
the distributed cloud storage network.
.No Central Servers.
.No Privacy Breach.
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