What is NEM?

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This topic contains 4 replies, has 3 voices, and was last updated by  Mark 2 months, 2 weeks ago.

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  • #27061

    Coins
    Keymaster

    What is NEM?

    NEM is the world’s first “Smart Asset” blockchain, built with businesses in mind.

    Learn more: https://coins.community/xem/

  • #27893

    Treathyl Fox
    Participant

    “The Eigentrust algorithm is a mechanism to establish trust on the network.” That was quotes worth repeating. I was enthusiastic until I noted that one of the comments said that NEM (XEM) had already been hacked. Still! It’s a good aim.

    • #27895

      Coins
      Keymaster

      It was the exchange Coincheck that was hacked and not NEM, the hackers just stole the NEM from the hacked exchange. Thats why its always advised to hold your coins offline, yourself 🙂

  • #28106

    Mark
    Participant

    Nem was built from scratch to address some of the issues that crpytos face today- like scalability, ease of use, and energy consumption to name a few. Nem does provide a platform for startups, industrys, hospitals, game developers, inventors, and artists to create special blockchains for different purposes easily on java and in other ways.

  • #28341

    Mark
    Participant

    You don’t hear much from NEM these days- this blockchain platform has not been in the news to much lately, since hackers made off with $500m worth of NEM tokens from the Japanese crypto exchange, Coincheck. Recently though, NEM’s total value has increased by over $100m in the past couple of days, so that is some good news.

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