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NEM Forum / Re: what is NEM?
« 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.