60
« 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.