NEM
M
Crypto
Decentralised Networks
USD 0.025+14.0%
NEM
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2DeFi
Sub-cateegoryn/a
Ecosystem2015
Year of creation
Description
NEM (M) is a Decentralised Networks crypto coin. NEM`s origin block was generated on 2015-03-28. More information can be found at http://nem.io.
Key Technical Advantages:
Proof of Importance (PoI) Consensus Mechanism: NEM's primary contribution to the cryptocurrency landscape is PoI, an environmentally sustainable consensus mechanism that doesn't require large-scale computing resources. It aims to reward active participants in the economy and dampen the rich-getting-richer effect inherent in Proof of Stake (PoS). NEM Addresses and Account States: NEM uses elliptic curve cryptography for transactions, with accounts identified by NEM addresses derived from Ed25519 public keys. Account states include balance, number of harvested blocks, height of first transactions, multisig account details, delegated account status, importance, and vested balance. Cryptography: NEM uses Twisted Edwards Curve and Ed25519 digital signature algorithm, developed by D. J. Bernstein et al., which is considered one of the safest and fastest digital signature algorithms available. NEM also uses the 512-bit SHA3 hash function. Transactions: NEM supports various transaction types, including transfer transactions (for transferring XEM between accounts), multisig transactions, and importance transfer transactions. Transactions have deadlines and fees that depend on the transaction type and specific parameters. Built-in Support for Multisig Transactions and Encrypted Messages: NEM's vision emphasizes security and trustless computing, so it was launched with built-in support for multisig transactions and encrypted messages. The peer-to-peer NEM network also implements a modified version of Eigentrust++ to identify and minimize the impact of malicious nodes. Content summarized by AI chatbotSource:
https://docs.nem.ioKey figures
-37.1%1Y
-80.4%3Y
-24.8%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
13.09.2022
USD 1.87
All Time High
1.33%
% of All Time High
-99.39%All Time
-81.43%1 year
Max drawdown
#288
Ranking by Market Cap
221.16 M
Market cap (USD)
0.00%
% of Market
900.450 B
Category Market Cap (USD)
0.02%
% of Category
8999999999
Circulating Supply
8999999999
Liquid Supply
100.00%
Liquid/ Circulating Supply
8999999999
Max Supply
100.00%
Circulating/ Max Supply
45553504
Volume Traded
20.26%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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