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What is NEM?
NEM is the world’s first “Smart Asset” blockchain, built with businesses in mind.
Learn more: https://coins.community/xem/
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“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.
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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.
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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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