NEM has launched its tokenization chain, Symbol, despite pre-mainnet configuration issues pushing the launch back by two days.
NEM is a Blockchain-based peer-to-peer cryptocurrency and a development platform. You can’t define NEM without mentioning its innovative consensus algorithm a Proof-of-Importance algorithm.
Every user of the NEM Blockchain that holds more than 10,000 XEM has his or her “importance score.” Once a user gets to that threshold, every coin on the account and every transaction that was linked to the account will improve his or her importance score. Miners with a higher importance score are more likely to get a reward from mining. The POI system is designed this way to stimulate NEM users not only to have XEM coin, but also to perform transactions with it.
NEM also provides such features like Messages included in transaction that can be used for secure communication, and multi-signature transactions that protect users from hackers and secure the community-held funds.
DeFi tokens and altcoins bore the brunt of today's carnage as Bitcoin price dipped below $48,000.40794
Bitcoin has broken its all-time high and has more than doubled in value at the peak, but why have some other coins failed to keep up?19394
Bitcoin’s rally back to $19,000 could improve market sentiment and push select altcoins higher this week.22690
Market analysts are attributing Bitcoin’s sudden surge above $19,000 to aggressive demand from financial institutions and leading companies in the United States.50423
Select altcoins are moving higher as Bitcoin prepares for a renewed push to $16,00027717
Symbol, the forthcoming enterprise and security token-focussed blockchain from the team behind XEM, will host a whiskey fund and Lithuanian collectible token at launch.4767
The tight consolidation in Bitcoin and a few altcoins points to a potential breakout within the next few days.17866
A short-term bottom for Bitcoin and altcoins may be confirmed if the bulls do not allow the recent lows to be broken during the next fall.28644
Bitcoin is likely to consolidate for a few days but during this time select altcoins are likely to extend their up-move.31355
A blockchain startup is leveraging the technology to protect content creators and maintain copyright over their works.11652
Lithuania’s central bank has issued a NEM blockchain-based collector token in homage to the country’s Act of Independence of 1918.5348
When it comes to counterfeiting booze, wine is an easy target. Fortunately, blockchain makes a particularly good pairing with the wine market.4827
Symbol from NEM makes blockchain solution to solve wine tampering and counterfeiting problems to save millions for the wine industry.5116
FXCoin announced XRP remittance testing, one company began its security token initiative, and more headlined news from Japan this past week.7157