NEM - XEM (XEM is the currency of the NEM platform)
Released in 2015 - Self-written code from scratch
Symbol: XEM
Source: https://www.nem.io/
Limited Supply
8,999,999,999 XEM
Mining
Mining is done through Proof of Importance. Similar to Proof of Stake.
Current Value
On Poloniex (May 7, 2017): U$ 0.1
Special Features
- Multisig Contracts
- Use Supernodes (as DASH masternodes, 3 million XEM to own a supernode)
- Self written code (Java, Javascript and C++ compose the core of NEM)
- Encrypted messaging
- Eingentrust++ reputation system
- Harvesting (a way to form blocks improving efficiency) and delegated harvesting
- Mosaics
Major Advantages
- Introduces new ideas to the cryptocurrency market (such as PoI, harvesting and Engentrust++ which is a way to balance for the lack of Proof of Work)
Major Disadvantages
- Centralization of Code - Private development team
- Client is open sourced but the server, called NIS, is closed source and binaries obfuscated. Totally closed.
EDUARDO CAPANEMA
