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Creator - Numerous
Date launched - June 2014
Algorithm - Proof-of-Importance
NEM is based on the philosophical concepts, that arguably served as an inspiration for the Bitcoin’s creation: by implementing the innovative Proof-of-Importance, which distributes awards based not on the sacrificed amount of computational capacity or the size of a user’s stake, but on their actual involvement in the network’s life, NEM seeks to achieve the goals of equality, financial freedom and decentralization, seemingly abandoned by the Bitcoin network, split between several large players and unavailable to take part in by your Average Joe.
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The Japanese FSA has conducted an inspection of recently-hacked crypto exchange Coincheck, reported as a “raid” by mainstream media.
The hackers that have stolen about $530 million in NEM from the Coincheck exchange are now moving those coins to “random addresses”.
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On January 27, merely hours after the hacking attack was announced, developers behind NEM created an automated tagging system to track down the funds stolen by ...
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