Nem
Curated by SignalP2P crypto platform for blockchain-based solutions.
Overview
NEM is an open source blockchain project, a peer-to-peer crypto platform, with its own currency called XEM. It is written in Java and JavaScript with 100% original source code. Nem has introduced its own, new concept of Proof of Importance (POI), which is called harvesting, instead of the traditional ones that require a lot of stakes or computing power to mine. In addition, it also uses another solution, called Eigentrust ++ to validate and sieve out bad actors in the network. It can provide services like payments, messaging, asset making, and naming system, however, as of February 2017, it provides payment solution.
Key facts
- Founded
- 2018
- Headquarters
- Daegu, South Korea
- Stage
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- Industry
- Financial Technology
- Sector
- Crypto
Contact
- Primary office
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