By Malakree - 04.03.2020
Nem coin 2020
NEM is a non-mineable coin that is presently priced at $, and has the market capitalization of $ , which puts it on the 23 place in the global. XEM USD price, real-time charts, XEM news and videos. Learn about NEM Market Wrap: Bitcoin Tanks to $K; ETH Market Dominance at High.
NEM stands for New Economy Movement, the premise of the platform is that it combines learnings from other cryptos such as Nem coin 2020 with academic research in network theory. nem coin 2020
Its key advantage is its modular Smart Nem coin 2020 Nem coin 2020, which enables businesses to replicate almost any business transaction on the blockchain with minimal development. Because Nem coin 2020 was created using Java, most programs can be easily adapted to utilize the network.
It is sometimes described as a blockchain-based cloud platform. The founding vision of the protocol was to create a system that would give nem coin 2020 to users, rather nem coin 2020 coin hoarders and mining companies.
This has lead nem coin 2020 a system where only those who can afford the latest and most expensive mining machines are able to profit, while the average person is not able nem coin 2020 compete or contribute. Nem coin 2020 of larger amounts also have a tendency to hoard their coins without contributing to the system and if the amount they hold is large enough, they can gain control of the token network.
To ensure a fairer system XEM cannot be mined or staked.
Instead, the currency is harvested through the Proof nem coin 2020 Importance POI algorithm and uses Delegated Harvesting to determine who can vest the next block. Each user is given a trust nem coin 2020, the higher it cpu mining, the more chance they have of being rewarded.
Over time, XEM coins pay out nem coin 2020 interest and trust scores increase, as long as there is a balanced transaction history and the holder contributes to the community. The equal distribution is to ensure that no one can control the price or gain an advantage over others since each stakeholder only controls about 0.
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