Interview with Paul Carrigher from Recognite | FAQs about New Economy Movement (NEM)

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In this episode of WTF is Crypto Space, Chad and Brett interview Paul Carrigher from Recognite and chat FAQs about New Economy Movement (NEM).

If you are a member of the Crypto Space community, interested in Blockchain technology (you are not alone) or just curious about Cryptocurrencies such as Ethereum and Bitcoin then join us for your regular chat here at WTF is Crypto Space.

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What is NEM Cryptocurrency? | Beginner’s Guide

FAAAAAAAAAAARQQ: What is the NEM protocol?

wtf is cryptospaceNew Economy Movement (NEM) is an enterprise-grade solution to power the impending blockchain economy. Originally intended to be a fork of NXT, the community decided to go with a completely new codebase with an alpha version released June 25, 2014, and the first stable release March 31, 2015. The platform is currently being rewritten in C++ and will be released as the “Catapult” update sometime in early 2018. The NEM Blockchain employs a Proof-of-Importance algorithm

FAAAAAAAAAAARQQ: What is the PoI?

(as opposed to Bitcoin’s Proof-of-Work or PIVX’s Proof-of-Stake) to achieve consensus through a process that incentivizes active participation in the network. This makes for a decentralized, nimble network of well-behaved nodes. Each node has an importance score that determines how often it can harvest (think mining or staking in PoW or PoS systems) XEM, NEM’s native token.

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Get involved with quality cloud mining (3% discount code):
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