What is NEM Crypto Currency?A brief description of NEM.
A blockchain notarization and timestamping service with transferable, updatable, branded, and conjointly owned notarizations
NEM Video
The purpose of NEM
Conditional Trustless transactions, Replace traditonal contracts between parties, Build Decentralized applications Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, free to hold
NEM Abstract
Many timestamping services exist in one form or another in
the blockchain sphere, but most of these are simple first generation
systems for hashing a document to get its fingerprint and then
timestamping that fingerprint in the blockchain with a transaction. These
are one-off fixed transactions that have their reason to be culminating in
being included in a block so that later they may be audited. These 1.0
timestamps are not updatable, cannot be transferred from one owner to
another, and cannot have additional value and assets attached to the
timestamp. Apostille, as the first 2.0 blockchain notarization service,
solves these problems and offers a new set of features and business
opportunities.The Apostille system’s key innovation is taking data which represents an
underlying person, place, or thing and giving that data its own private key
derived deterministically from its contents. This is used to create an
account that represents the state of that object. These are dynamic
accounts that can be used to prove authenticity, show ownership, and
record updates, as well as be branded, transferable and conjointly owned.
More information can be found in the NEM whitepaper https://www.nem.io/ApostilleWhitePaper.pdf
Other NEM facts
- Trading symbol: XEM
- Governance: Semi-centralized
- Open source: Yes
- Product status: Fully working product
- Consensus method: Proof of Importance
- Emmission rate: No new tokens created
- Transactions per second: 10000
- Total Supply: N/A
- Release date: Unfortunately we don’t have this data available.
Usefull NEM links
- NEM’s Website
- NEM pricing data & fundamental NEM information
- NEM’s Website
- NEM official blog
- NEM’s Bitcointalk Forum
- NEM’s Reddit Forum
- NEM’s block explorer
- NEM’s Alexa site stats
- NEM’s official forum: Unfortunately we don’t have this data available.
- NEM’s Github code repository:
https://github.com/NemProject/nem.core - NEM’s roadmap:
n/a - NEM’s team page: https://nem.io/about/foundation/
- NEM’s whitepaper: https://www.nem.io/ApostilleWhitePaper.pdf