NEM XEM

$0.3217
Market Cap $ 2.895 Bn
24h Volume $ 13.909 MM
Chg. 24h: 4.03%
Algo. score 4.3/5  (#11)
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NEM project purpose and description

NEM clarity of purpose

NEM purpose and aspects

The NEM Smart Asset System allows you to totally customize how you use the NEM blockchain. First, your Namespace defines your home on the blockchain where you can name your own Mosaics, provide easy-to-remember names to user addresses, and more.

NEM additional differentiation against competition

Mosaics then are the basic building blocks of Smart Assets that you can use to represent lots of simple things: it could be a coin, a signature, a status update or more – you decide. To create truly Smart Assets however, NEM allows you to create Addresses that act as containers for Mosaics that can be connected with Multisig rules. An address can simply represent a user, such as an account holder. But it can also represent an individual unique asset such as a document, or a

NEM categories

Short description

NEM is built from scratch as a powerful and streamlined platform for application developers of all kinds, not just as a digital currency. Using NEM in your application is as simple as making RESTful JSON API calls allowing you to configure your own "Smart Assets" and make use of NEM’s powerful blockchain platform as your fast, secure and scalable solution. Configured for your use, NEM is suitable for an amazing variety of solution classes, such as direct public transactions via streamlined smartphone app, efficient cloud services that connect client or web applications, or a high-performance permissioned enterprise back-end for business-critical record keeping.

Abstract

NEM, in its most basic form, is a crypto currency that is built on block chain technology. The NEM block chain is an improvement on existing block chain technologies. It integrates concepts from other cryptocurrencies (e.g. Bitcoin) and academic research in network theory. NEM, in its most basic form, is a crypto currency that is built on block chain technology. The NEM block chain is an improvement on existing block chain technologies. It integrates concepts from other cryptocurrencies (e.g. Bitcoin) and academic research in network theory. NEM’s vision is to be the foundation of a vibrant crypto currency ecosystem that emphasizes security and trustless computing. NEM was launched with built-in support for multisig transactions and encrypted messages. Additionally, the peer-to-peer (P2P) NEM network implements a modified version of Eigentrust++ to identify and minimize the impact of malicious nodes.

Link to Roadmap: https://bitcointalk.org/index.php?topic=654845.0
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