Nem – Blockchain Distributed Ledger Technology XEM Currency?

05-11 05:16 - 'Private blockchains are worthless you say? Mijin raises $6.26m' (8btc.com) by /u/kodtycoon removed from /r/Bitcoin within 93-98min

Private blockchains are worthless you say? Mijin raises $6.26m
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Author: kodtycoon
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Mijin The power of the blockchain /forum.bitcoin.com

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Bitcoin Discussion • Mijin – The power of the blockchain

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Can someone please tell me how Mijin's partnership with Microsoft and Japanese banks will benefit NEM holders and stakers?

Why has the NEM foundation/team never ever addressed this? It's good hearing about all the cool stuff Mijin is doing but does it bring any benefit to NEM and its holders. Yes, cross-chain functions using NEM, etc, I've heard that, but is that a reality? We are seeing profitable uses going to Mijin, but what is to keep NEM Foundation from using Mijin for all or most profitable ventures and leaving NEM holders behind with a million charity and public facing PR projects? Sorry for not letting go of this bone but I'm considering a large investment in NEM and I need to lay this nagging issue to rest first. Past questions about this have brought forth some serious areas of concern that are never addressed in a solid manner considering how much money is at play from NEM investors here. Stellar does not have this issue and it's a toss up between the two right now even though I prefer NEM if it weren't for Mijin.
Is there a list somewhere of what projects are on NEM vs Mijin and what the ventures entail in terms of profit/returns. Please help. I would be great if a NEM foundation member would do an AMA about this.
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What is driving NEM's price boost at the moment?

25% up last 24 hours?
EDIT: UP 30% to USD 0.2222
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Inside NEM Blockchain Video Episode 3: Harvesting XEM (NEM Coin)

Inside NEM Blockchain Video Episode 3: Harvesting XEM (NEM Coin) submitted by n3lz0n1 to CryptoCurrency [link] [comments]

Cryptocurrencies in analogy with the real world

This is my first contribution to the CryptoCurrency, and as already been commented it's too long, you can scroll down to the MAIN PART, so, please comment about changes you would make to it or just your opinion in general. Thanks
Remember Nash equilibrium, Gresham's law, the rules of the Stasi? So the banking system is similar to the Stasi. But that's not the topic. Why did crypto currency become currency in general? The Nobel laureate in economics would have answered something like this: "At some point in time, the market fell into Nash's equilibrium, where everyone suddenly agreed that counting bitcoin as a currency is normal." Why do men wear trousers, and women wear skirts? Historically, in Scotland it wasn't done that way. It's just that at some point everyone agreed that this should be so. Nash equilibrium.
Generally ... What is the currency? A currency is a means of indirect exchange. Once the means of exchange were the feathers of a pheasant, which before that did not cost anything. But then the demand arose and people said: "The feather will be a currency, a means of indirect exchange." Gradually, the general requirements for currency were formed: it should be simply divided into parts, and its value does not change; It is easy to carry around; And it should have a long shelf life.
Well and the main thing - people should be ready to use currency as a means of exchange. With the crypto currency the same thing happened: people were READY to use it. Now I'm ready to exchange my phone for bitcoin. It is clear that all other criteria for crypto currency is, perhaps, even better than any other currency (it is much easier to store, transfer, divide, and it is eternal).
And why there was a crypto currency? One of the main reasons, in my opinion - is the huge embitterment of people on the banking system with all of its rules, which are being promoted under the auspices of a mythical struggle against scammers and other scoundrels. So, the current banking system is similar to the Stasi, to which I must explain why I have such a gait, and not another, and why I go to work such a route, and not another. And then, unless two-meter fences stop real criminals? When criminals need to break into the banking system, they just buy a bank.
All these safety rules are, in fact, useless. Therefore, there is a global irritation of people by the banking system. This can be seen everywhere - and in business of any size, too, from small to large.
The annoyance created a request for some kind of analogue to the current system. There was a crypto currency. And the process can not be stopped - the crypto currency will take its place in the world economy. What a question for now.
The problem is that in fact, the crypto currency is not used today precisely as a means of exchange. The phenomenon is called the Gresham's law: no one wants to pay with the currency, which constantly and strongly becomes more expensive. Everyone has heard a story with two pizzas that were bought for 10 thousand BTC in 2010 (just curious if pizza shop kept those bitcoins until today).
Who wants a pizza for $ 15 million? Or do you want to drive in a Toyota car, bought today for 30 BTC, after learning in a year that they paid $3 million for it? Therefore, the crypto currency is used as a means of accumulation and speculation.
At the same time, the process of continuous growth leads to the fact that basic crypto-currencies lose their properties as a means of settlement - stability. They turn into the semblance of shares of a rapidly growing company. And who wants to sell or change the goods and services of treasuring shares today, if tomorrow they will cost more. This is problem.
Stablecoin The volatility of the crypto currency is the subject of long-standing discussions, in which the words "bubble" and "speculative instrument" can often be heard. The problem is solved including the launch of special settlement crypto-currencies, the so-called "stablecoins". This is a crypto currency, the value of which is determined not only by the demand for it, but also by more established methods.
In the world there were several attempts to create such stablecoins. As a rule, they were tied to either the value of the fiat currencies - the dollar, the euro - or raw materials (commododis) - oil, gold, and so on. But due to various reasons, they were not widely used.
First of all, because the creators of such currencies violated the principle of blockchain - distribution and independence. They issued crypto currency, they sold it, and they bought security on the proceeds. And the fact that the security was stored and controlled by the release organizers did not inspire confidence in the community.
Now there are more advanced projects. In general, there is a hypothesis that the future is behind the "stable", tied to commododes.
It is based on the fact that in the society in general and in the economy in particular, the so-called fatigue of the material of the classical unsecured money. At the same time, we see that the same dollar, euro, yuan, Brazilian real and all other classical currencies are also subject to volatility. And all this against the backdrop of a global rise in the cost of money.
The economy is looking for alternatives. But will the social request for a block of commodities be critically higher than for classical money? I am not sure. But the fact that it will be more than now - most likely.
Right now, there are several interesting stablecoin projects in the world:
There is a project Tether, which stably enters the TOP-50 on capitalization (just over $300 million). Tether is the dollar's coin, 1 to 1.
In Israel, they launched a start-up, which tries to make a crypto currency, tied to oil. In fact, they are not yet very successful, because they can not solve the problem of oil storage - it is difficult to store.
There are projects that try to link the crypto currency to computing power, to electricity, such as SONM.
You can easily explain to your mother about the crypto currency, tied to gold.
I have not talked about the main (yet) and most obvious commodity - gold. Gold is a commodity that everyone understands. Gold accounts for about 5-10% of the global investment market. Gold is a natural limited natural resource. According to open data, the gold reserves of governments are about 30 thousand tons, and about the same in the hands of citizens. Total about 60 thousand tons. About 3 thousand tons of gold is extracted every year.
This is a stable figure that can not change dramatically in any direction due to distributed production in different countries and established technologies. Therefore, the value of gold, expressed in goods and services, practically does not change.
All this makes gold the ideal equivalent of calculation. Actually, it was so throughout the history of human development. Even the first money was tied to gold until governments decided to replace the gold mining process with a simpler process of printing paper money.
Well, the main thing: you easily explain to your mother about the crypto-currency, tied to gold. And she will understand you.
Now there are several "golden" crypto projects. There are not so many, but everyone has a different concept:
Impressive is the OneGram project from Dubai, which plans to raise $ 500 million for the ICO, which began on May 27 and which should end on September 24. For today, 22% of 12,400,786 tokens sold at $ 43.18 apiece are sold. "Dubai" and "gold" sounds somehow impressive, you must agree. OneGram is tied to the stored physical gold. They have a content, strange, in my opinion, a counter: they position themselves as a project for Muslims. In the world of blockade, any artificial limitation causes questions, because it contradicts the very concept of technology. True, according to the founders themselves, now most of the investors of the project are not Muslims.
Still there is a project of the British Royal Mint - Royal Mint Gold, in which one token is tied to one gram of gold. The project raises questions from the point of view of decentralization.
Another ambitious project is the American-Australian OZCoin. It is provided with 100 thousand ounces (slightly more than 2.8 tons) of gold at 24 carats.
Also, there is a "Russian" Goldmint. I took the "Russian" in quotes, because it has international team. The project plans to hold ICO in September, and in May held pre ICO and collected for a couple of days $600 thousand. Imagine that there is an ingot of gold that is able to be transported quickly and cost-free to anywhere in the world without a chance of being stolen.
Usually verification of the team removes 9/10 of the risk - the probability of "scam" or some illegal actions is equated to zero. I always say that Whitepaper, the business plan in the ICO world is secondary to the team. It does not matter what you do, but who you are. If tomorrow Elon Musk will grow cows, then investors will believe in his project.
Overview of TOP-15 crypto-currency Now about the crypto currency in general. On the Internet, you can easily find sites where you can see the capitalization of each crypto currency, which is drawn at the crypto-exchange, its current price in dollars, the schedule of price changes, the amount of currency that is traded on the market. Such statistics will help a little to understand the beginning investors, but give at least a general idea of ​​what is happening.
I will briefly talk about several crypto-currencies in the TOP-50 on capitalization: what are their essence, advantages and disadvantages. And despite the fact that in many of them I invested money, I will not give any specific advice on investment here.
MAIN PART
The analogy from the real world is gold. This currency appeared first on the market, and therefore occupies (so far) the first place in terms of popularity, capitalization and exchange rate relative to the dollar. All other currencies, which appeared later, began to be called altcoins, and bitcoin is still a benchmark, from which all are repelled. Bitcoin is a crypto currency that can only be sent, received and stored. In doing so, it has many disadvantages inherent in the architecture itself: it is slow, difficult to scale, requires a lot of power for mining, a lot of storage space, transactions are expensive, and cryptography can be hacked if desired.
Here are the cons: Bitcoin is slow, means that transactions in bitcoin occur every 10 minutes. To confirm the transaction, you need to mine, and this is a very energy-intensive process. To increase the number of users (scalability), you need to increase the computing power of computers. Bitcoin was not such a decentralized system, as it was announced at the very beginning. Theoretically, the miners can unite into huge pools and manage the network. The maximum number of bitcoins that can be released is 21 million. To date, they have already produced 16.75 million. What will happen when the total volume reaches the limit? Obviously, there will be a so-called hardfork, when it will be decided to create a new version of the bitcoin-network. This means a big vote, if you want - holding a referendum among the holders of the bitcoins. The Chinese holders of the Crypto-currency were in favor of holding such a referendum already in September. After him, perhaps, the "constitution" of bitcoin will change. And we know how constitutions change easily and quickly in different countries ...
An analogy from the real world is the new Microsoft. "Ether" begins to press bitcoin in terms of popularity. Probably, this currency has more prospects. If bitcoin can act only as a means of exchange and storage, then Ethereum has a number of advantages. The main thing is the ability to create smart contracts. Now, this platform is the most popular in the world in the construction of the block economy, and is used with numerous ICO. Ethereum inherited almost all the diseases of bitcoin. Yes, it's faster - it updates every 10 seconds (that is 60 times faster), but it has the same scaling problems (the recent case with SONM is an example), power consumption and storage. It may well challenge the leadership of bitcoin in the near future.
An analogy from the real world is the new VISA. The project team is trying to make a new payment system so that it can make payments in all currencies. The advantage of this currency is that it is used by banks. However, it is not decentralized. Coins can not be mined, therefore, their number does not increase. Ripple has a huge speed advantage over BTC and ETH, but the operations are not so transparent. For the classical banking system, this is normal - there anonymity has never been welcomed.
An analogy from the real world is platinum, which is cheaper than gold. Absolute analog of the bitcoin. Faster, better in all respects - but just turned out to be the second. But it is worth it in terms of diversifying investment in the same bitcoin. However, there is nothing from the point of view of innovation.
The analogy from the real world is Alibaba (not Amazon). Alibaba - the largest online store with a multi-billion dollar turnover. But still understand that it is still not as steep as Amazon. Classic may even be more expensive than regular Ethereum, but there are some nuances. ETC appeared after the Ethereum hardfork, which occurred last fall, and still does not cause trust in the crypto community. The main attention is still paid to ETH, and all the iconic projects are being conducted on this platform.
The analogy from the real world is "not clear who." Honestly, I do not often see these currencies. NEM is mainly drawn in Japan, where it is officially allowed to buy and sell goods for crypto currency. The number of coins is always one less than 9 billion, additional emission is not provided, so there is no mining, but there is a so-called harvesting. A major jump in the NEM course occurred in May, when a closed Mijin platform was created on the basis of NEM, through which Japanese banks can conduct secure transactions. NEM is built on the example of bitcoin, but there are no fundamental differences in architecture.
Dash - crypto currency, whose transactions are completely anonymous. Many people talk about this as an advantage, but think: why does an ordinary person have complete anonymity in transactions? Still, all decisions about changes in the "constitution" take place with the help of a general vote, that is, the Dash-network is completely decentralized. Naturally, both currencies work faster than a bitcoin and have a number of software advantages.
An analogy from the real world is the new Google. A real innovation in the world of crypto currency. It offers a fundamentally new paradigm that can change everything at all. IOTA is also called the "crypto currency of things". It appeared five years ago, but it has become popular just now. As soon as it entered the stock exchange, it immediately burst into the Top 10 crypto-currency. How does bitcoin work? In order to perform a bitcoin transaction, the miner must do some work to confirm the transaction. Spend time, huge amounts of energy and allocate space for storage. In the case of IOTA, you can independently confirm the transaction with your device - for example, a regular phone. Your smartphone confirms two other transactions. Those transactions are confirmed by other two. And so on. The more users, the faster and better the network. Now IOTA users have accumulated a critical mass and the currency has become very popular. There is no limit to scalability, no miners are needed, so transactions are free. You do not need to pay a commission to the miners, you do not spend computing power. In general, this is a real bomb that threatens to make a revolution. IOTA solves all problems inherent in bitcoin (limited, high demands on computing power, pseudo-decentralization, data growth and storage problem, slow speed).
The analogy from the real world is JFC Sistema. Briefly, unlike bitcoin, Monero emission is not limited, but transactions take up several times more space than bitcoin. But this is not the most interesting. In general, low-cost transactions, good translation speed, good mining.
An analogy from the real world is the Empire State Building. EOS - the evolution of the currency BitShares and Steemit (which, by the way, seriously criticized that does not prevent BitShares from getting close to the top 10 on capitalization). It is based on a breakthrough technology, which can be compared with the appearance of a blockade. In theory, they can replace Ethereum or enter into synergy with it. In terms of technology, the project is better than Ethereum. Developers have created a new language, and now the EOS platform creates an operating system on which it will be possible to build separate applications. The logic is this: all databases, all web programming will be transferred to the block system. New technologies will allow asynchronous launch of different applications, which will seriously increase the speed of the OS based on EOS. The team expects that the whole world will work on EOS. In general, to be honest, this is the world of "Crypt 3.0".
An analogy from the real world - ? A useful tool not to lose on converting, not to depend on the legislation of different countries, taxes and so on. There is also a similar currency Tether, which is tied to the dollar 1 to 1.
If you want to sell or buy dollars on the blockchain, you should come here. These are not speculative instruments. (Here you need to understand that BitShares itself as a unit of account is also "floating").
It is used as a currency for collecting commissions for a transaction of a fiat currency. It can be speculated. But if we want to operate with fiat money in the blockchain, we can do it inside the BitShares system).
And 5 more crypto-currencies from the top 50 If you look further, in the top 50 crypto-currencies there are a few notable projects. I will list a few.
An analogy from the real world is the stock exchange. It is essentially a stock exchange: an Ethereum platform on which you can exchange different cryptocurrencies (but they all have to be the ERC20 standard - this is the most common Ethereum standard on which most projects are developed). Everything is regulated by smart contracts. This is a new economic tool in the world of blockchain. In fact, they brought the derivatives into the blockchain, which no one had done before. It seems to me that this is a niche product, which, however, can grow 5-10 times.
An analogy from the real world is McDonalds. A good, fashionable currency, I see future in them. Fast, cheap in a transaction, profitable in the mining. It is loved by miners - in other words, market providers like it. And it is like McDonald's - does not belong to anyone. 99.9% of McDonald's shares are traded on the stock exchange, but the largest shareholder owns only 2% of the shares. Decreded as McDonalds.
An analogy from the real world is Netflix. Fantastic project. And by "fantastic" I do not mean "cool", but the original meaning of the word. The business model is incomprehensible, but the team is good. They try to work in the market of events predictions.
While the project is in the alpha stage and no real money goes in there, the team really knows how to correctly analyze the data. Aragon can become crypto-Netflix. How they do it - I have no idea. But just to remind you, 7 years ago Netflix was unprofitable.
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POLL: Should we create a 'introduction' thread in this subreddit to provide new users with information about NEM?

I feel like 'New website' shouldn't be the first thing users see. It's much more useful to have a concise FAQ section about NEM that users can flick through before exploring further.
The pinned announcement about the website makes NEM seem smaller than it is imo.
I think we need a 'Newcomers please read' thread similar to Bitcoin subreddit. This would be great to answer any initial questions.
https://www.reddit.com/Bitcoin/comments/6jlop4/rbitcoin_faq_newcomers_please_read/
I'm very happy to contribute to it. Would be great to have information about a range of things.
Suggested topics
How NEM differs from other blockchains
The relationship between Mijin and NEM
Total supply of tokens, and initial distribution
Stakeholders
Current and future use cases
Harvesting
NanoWallet
Security tips
Please upvote for YES. Please comment if you would like to contribute or if you have suggestions of information that should be included.
Attn: Mods - is this something you can help with?
I really want to see this community grow and I think this could help!
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Most important reason why NEM is by far the best blockchain!

Why I believe NEM could the be perfect blockchain.
The reason why I think NEM is superior to BTC, Dash, and Ethereum is this principle of free markets based on value creation. That on the very very long run the long lasting surviving companies will reach optimal value creation for their customers. Eventually creating the optimal sustainable environment for the people and so, there is no need of companies anymore.
So on the long run, the companies that are charging fees won't survive. Bitcoin is charging fees. Dash, Ethereum, Litecoin, and many other coins are charging fees.
But NEM is different though. I think the developers have been incredibly smart to think very far ahead into the future, and were aware of this concept. And that is maybe why they have choosen Proof of Importance as concept. And that is why they have pre-mined all the coins, so there is no inflation taking away the value of XEMs.
I have been stocking up XEMs for the last 2 months. Bought at poloniex and sent it a couple of times to my nano wallet. I have started delegated harvesting around 20 days ago. In this time I have harvested 200 Xems, and incurred transaction fees no more than this amount. This means that using XEMs is actually cost-free.
It has a huge edge over ethereum, bitcoin and Dash. Even Ripple with it's minuscule transaction costs can't beat NEM. And not to mention other fronts where NEM is by far superior to Ripple. Like, besides being able to do large numbers of transactions per second between banks (MIJIN), it can also do smart contracts. And best advantage of all over Ripple, is that it is decentralized! Which Ripple isn't.
Waiting to hear from CATAPULT!
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What is NEM

What is NEM
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NEM is the world’s first “Smart Asset” blockchain. Built with businesses in mind, NEM is a world class platform designed to offer a streamlined method to maintain a secure ledger of transactions.
NEM’s blockchain technology offers the potential to drastically simplify an enormous variety of secure ledger and transaction tracking systems. It provides an adaptable API interface that can be used with any programming language.
Designed with modular customization in mind, NEM can be used for almost any application thanks to its “Smart Asset System”.
As of October 2017, NEM is the 7th largest cryptocurrency in the world, with a market cap of nearly 2 billion.

History of NEM

NEM was launched on March 31, 2015 with the currency symbol XEM. The code was written in Java from scratch, as opposed to most other cryptocurrencies which were ‘forked’ off of existing codes and then later altered.
NEM’s origins date back to January 2014, when an open call for participation in a Bitcointalk forum called for a community-oriented cryptocurrency to be created from the ground up. The project saw 1,500 early investors buying XEM stakes, where 1 stake was equivalent to 2.25 million XEM coins.

What does NEM do?

NEM’s primary function is the implementation of what they call the “Smart Asset System”. In effect, this system gives users the ability to implement a customized blockchain for their own specific “smart contract”.
So what exactly does “Smart Asset System” mean?
Smart Assets are a way of describing the tools NEM uses to handle business data. “Smart Assets” give you the power to use NEM as if it were a custom blockchain built to handle your assets.
The “Smart Asset System” can be broken down into four components:
  • Addresses: Containers that hold coins, contracts, deeds, or any business records. These are items which are unique and can be updated. These containers could be something simple like a user’s account full of coins, or something more complex like a package to be shipped, a deed to a house, or a document to be notarized.
  • Mosaics: Custom tokens or other digital items. These could represent something like a coin, or items such as stock shares, reward points or even other currencies.
  • Namespaces: Web addresses that prove who you are and also give your assets a home. They let you create a unique place to put your assets on the NEM blockchain, thus making your assets unique, easy to use and trustable.
  • Transactions: Puts your ‘Smart Assets’ into play by allowing you to complete actions such as transferring Mosaics between Addresses or transferring and configuring ownership of Addresses.
NEM has provided a list of potential use cases for their ‘Smart Asset System’. Some uses include: voting, crowdfunding, stock ownership, keeping secure records, loyalty rewards point programs, mobile payments and escrow services. Many of these are large global industries in themselves which highlights just how huge the potential NEM customer base is.
As described in NEM’s whitepaper, NEM is designed to be a customizable blockchain-based technology used for business purposes. Because NEM’s software is so adaptable, the potential uses are nearly endless. For example, smart contracts can be used as central ledger software for banks, keeping track of transactions by investment companies, or storing and sending government documents such as birth certificates.
Unlike Bitcoin or Litecoin, NEM is not intended to be used as a currency.
In addition to the “Smart Asset System”, NEM is one of the most secure and easiest coins to use if you want to create your own coin and offer an ICO to raise funds for a startup.

According to NEM:
NEM’s approach is to let developers use a wide range of combinable functionalities which let them build powerful applications based on a closed set of atomic operations, and opens the network to almost any technological combination

Why Use NEM?


NEM Has A Low Transaction Fee of 0.01%

NEM utilizes a new code designed for transaction efficiency. XEM transactions take about 6 seconds to show up and about 20 seconds to confirm. On the other hand, Bitcoin can take up to an hour or more to confirm transactions.
Fees to transmit assets via the public blockchain (coins, documents, etc) are very low. Currently the transaction fee is only 0.01%. This means it costs $0.01 to send $100 worth of coins and $0.10 to send $1,000. In comparison, credit cards charge anywhere from 1.5 to 3% and Paypal charges 2.6%.
NEM’s 0.01% transaction fee is low even compared to other cryptocurrencies!

NEM Is Very Scalable

NEM is incredibly scalable. Currently NEM has transaction speeds comparable to Bitcoin, however when the planned updates go into effect the network could handle in the hundreds if not thousands of transactions per second. In comparison, Bitcoin is only able to handle 4–5 transactions per second. This has been a huge problem for Bitcoin and is a factor which has led to the Bitcoin currency being split into two (and soon three) different currencies.
If NEM isn’t meant to be used as a currency, then why care about trading coins? The truth is: you still need the coins.
In future, if companies use NEM software, they will eventually need to send their “Smart Assets” to various places. This will require sending the documents across the public NEM blockchain. Sending documents will require the company to pay a transaction fee, which can only be paid for in XEM (NEM’s coin).
In that respect, potential investors could see gains on their investment if companies begin to adopt NEM’s software. Since there is a set number of XEM coins (9 billion), as the demand for these coins increases, so will their value.

NEM Uses Unique Harvesting Methods

For those interested in harvesting some coins for yourself, NEM is one of most lucrative coins around (as opposed to the mining processes used by other coins).
NEM uses unique methods of Proof of Importance (POI) and Delegated Harvesting to award coins.
When a block is harvested, it confirms the transaction in the block, adds it to the blockchain permanently and then rewards the transactions fees from that block to the harvester.
A user’s POI determines who actually harvests a block, which is governed by three factors:
  • The user’s vested stake or if the coins have been in their account for a number of days
  • The user’s transaction partners or if the users are making transactions with others in the network
  • The number and size of transactions in the last 30 days
Delegated Harvesting is an efficient way to pool account power without exposing any private keys, which yields some benefits. For instance, your computer doesn’t even have to be running to harvest and harvesting is done automatically for anyone with over 10,000 vested XEM in their accounts.
These revolutionary methods implemented by NEM have leveled the playing field and gives power to users, not to hoarders or mining farmers.

What Sets NEM Apart From Other Cryptocurrencies


NEM is 100% traceable

NEM’s traceability is one big differentiating factor. Unlike its competitors such as Monero, there are no ‘private transactions’ on NEM.
Although many in the cryptocurrency community consider this a negative, it has some advantages. For one, traceability will allow security features such as buyer and seller protection to be implemented. This is one of the reasons NEM is a very secure coin. To date, there has been no major security issues.
NEM also allows businesses to track spending habits, a feature that is useful and may attract more businesses to use it in future.

NEM Uses Less Power

NEM uses 100 times less power than Bitcoin to run a node or harvest. This is why NEM’s transaction fees cost only a fraction of some of its competitors.

NEM Is Not Subject To Inflation

Another great thing about NEM is that all of the coins (8,999,999,999 to be exact) have already been created. This means that there is zero inflation. For most other coins such as Bitcoin or Litecoin, the mining process is still actively putting new coins into circulation, which will lead to some inflation.

NEM Does Not Focus On Retail Use

One thing you do not see NEM focusing on is coin price or retail use. Many cryptocurrencies focus on the coins themselves, but NEM is much more focused on the platform and the development community to try to create new apps for the platform.

NEM’s President Lon Wong has stated:
“It Might Be exciting to see quick price gains due to marketing and speculation, but the long term winners will be those with consumer and enterprise adoption”

Competitors and Challenges

NEM has a few big competitors such as Ripple, Factom, Ubiq. Most notable is Ethereum, the 2nd largest cryptocurrency in the world with a current market cap of nearly 30 billion dollars.
Compared to its competitors, NEM seems to be a more stable choice for building new applications with support for real business models. Its security and development features allow blockchain entrepreneurs to focus on relevant problems and not technical difficulties. Its learning curve is also much smoother than that of Ethereum.
One of the biggest challenges NEM has is getting people to understand what it does. Typically, coins such as Litecoin are designed to be used like fiat currencies. However, XEM coins aren’t meant to be used as currency, but a transactional platform for businesses and developers.
Another challenge for NEM is growing the pool of developers who have the knowledge to connect NEM to existing company networks. Luckily, NEM’s API is relatively easy to integrate with legacy networks. They have also been putting a lot of effort into growing a new wave of developers who can support their system.
NEM has opened the first blockchain center in Kuala Lumpur, Malaysia. The center is meant to serve as an incubator, accelerator and co-working space. They are clearly dedicated to promoting their product but also supporting the blockchain community as a whole.

Last Thoughts

Looking at the diverse business functions that NEM can perform, it is clear that there is a large potential customer base.
In addition to NEM’s current advantages, NEM plans to release the Catapult software this year which will add even more improvements to its current Mijin software. This will only put NEM further ahead of its competition. Developers at NEM are also actively working to make their product better and better.
NEM has an excellent development team, strong community support, a robust blog, good incentives and a solid business plan.
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Tangle (DAG), The Phenomenal Solution Oriented Approach to all Blockchain Cryptocurrencies woes

https://preview.redd.it/ij86oj9478511.png?width=800&format=png&auto=webp&s=6d0c83701b368623182acc56ce2c563860b527e9
Tangle (DAG) for some is a just a buzzword, while for others, it has become the best way of crypto financing or may be, a way of living. There are a number of different cryptocurrencies flourishing in the market such as Bitcoin, Ethereum, ETH, NEM, Ripple, IOTA and Litecoin etc. All these cryptocurrencies have multi-billion dollar worth in the financial market but still, there are some technology related shortcomings Let us first look at the evolution of Tangle (DAG), what it is actually and how it has become, what it is today.
Evolution of Tangle (DAG):
DAG in Tangle stands for Directed Acyclic Graph. So, it is a kind of a directed graph type which employs such data structure which brings into use the topological ordering as well. The system is designed in such a way that the sequence could only possibly move from the earlier to the later point and not otherwise. Briefly, it has application where there are issues related to the processing of data, looking for the optimized navigation path, scheduling and data compression. In order to understand the evolution of Tangle (DAG), we need to connect dots back in the year 2015, when the blockchain was the standalone ruling technology. Before this enormous popularity of blockchain was achieved, it was just known as a conventional data structure that is using the Bitcoin technology. So, the transition from just being an ordinary technology to a popular one helped it gain the title of Blockchain 1.0, the pioneer and the first of its kind.
That was the time when Ethereum based model (also used by CyBitTM) was creating great waves in the crypto circle as a much loved decentralized platform which was preferred for running just as it is programmed. Soon, with time, Ethereum model became to be known as the Blockchain 2.0. This is the time when there are many speculations about what would become the Blockchain 3.0. This could probably be the Directed Acyclic Graph (DAG) for a number of its good characteristics which might not be possessed by all of its predecessors or other related technologies.
Bitcoin VS Tangle (DAG):
What is Bitcoin?
Bitcoin is the pioneer in the decentralized digital currency, where their worldwide payment system is made to work without having any central authority, single administrator or a central bank. Unlike the fiat currencies, Bitcoin has got limited supply which is tightly scrutinized by the underlying algortithm.it is an open source platform whose code is readily available over the web in order to be manipulated by the project developers as per their needs in the projects.
Pros:
· It comes with a minimal transaction cost.
· The digital nature provides immense protection against possible payment fraud.
· Bitcoin just on its own made over $8 billion in transactions as compared to a total of $132 million done altogether by Fedwire, Bank of America, Western Union, PayPal and Automated Clearing House (ACH).
· Ensures direct transfer and eliminates any need for third party approval for payments.
· The technology protects your identity and other information over the public network.
Cons:
· Transactions carried through Bitcoin blockchain network are irreversible. It means if you make a transaction accidentally then your funds are lost forever.
· Bitcoin has scalability issues as a block size limit of 1MB is still imposed.
· By nature, the Bitcoin network could be used for illicit funding and immoral activities.
Comparison of Bitcoin VS Tangle (DAG):
· Centralization – We have seen earlier that small miners makes large groups for the sake of lessening the reward’s variation. This situation propels into the concentration of power going into the control of a handful of operators. It enables them to implement policies of wide spectrum, including postposing and filtering policies over a certain range of transactions. Although, no reporting of such incidents anytime in the past with the misuse of power but certainly there was the presence of such an opportunity. This is what Tangle is. Bitcoin, on the other hand is known for somewhat having a centralized control. Just imagine that there are 10 mining pools which accounts for 80 percent of the mined blocks over the past week and all exist Japan. This is an issue as just imagine a regulation change in Japan resulting in a large chunk Bitcoin hardware getting totally isolated from the other parts of the world.
· Cryptography – Tangle technology make use of the quantum resistant algorithms for cryptography which are immune to any kind of the brute force attack. Moreover, Tangle also diminishes any chances of having a Quantum consensus attack impact by a million times. This on the other side is an issue with Bitcoin, as that could be crippled with an instantaneous Quantum computers large scale deployment.
· Micropayments – Bitcoin in its initial days had very low transaction fees and was the unique selling point of Bitcoin at that time. But, with time, the transaction fees went quite high. Tangle, has no transaction fees, whatsoever. You may send a token worth a fraction of dollar with no payment of any transaction fees.
· Partition – Bitcoin requires transactions to be fully relayed by the nodes that are hooked up with the network. There is no possibility of carrying out any transactions in an off-chain manner as the ledger update is constantly required in order to restrict ant double spends cases. The Tangle may operate without the need to be hooked up with the main Tangle. You may do so with the connection with ease and whenever you want.
Ethereum VS Tangle (DAG):
What is Ethereum?
Ethereum is one of the finest and innovative open source blockchain technology offering distributed computer network. Ethereum by nature is very much similar to the Bitcoin technology discussed above but, there are some notable technology-based differences between the two. Their major difference is in their capability and purpose. With an Ethereum blockchain as the one entrusted by CyBitTM, the miners work for earning Ether, which is a particular type of a crypto token required for fueling the network, instead of mining bitcoin. Ether more so is also employed by the developers of the platform to pay the required transaction fees and for any of the services on the Ethereum network.
Pros:
· In an Ethereum network, no third party could ever make any possible change to the data.
· The Ethereum platform is totally corruption free as it is almost impossible to make any kind of censorship.
· Any app that is connected to Ethereum would hardly ever go down and this could never be shut down as well.
· Ethereum can largely be trusted for the fundraising campaigns by making use of the smart contracts.
· There is no set limit for the platform in Megabytes
· Ethereum, for mining the Ether tokens just takes about 14seconds, which is quick as compared to the bitcoin, that takes somewhere over 4 hours.
· The algorithm that the network uses for mining Ether tokens is known as “Proof of Work” and this is smart enough to restrict any kind of hacker attacks.
Cons:
· The smart contracts are programmed manually so there is an element of possible human error which could lead to code bugs and result in unintended actions to be taken.
· If there is any possible attack or exploitation in the network then only possible way to stop this is to rewrite the underlying code and go for a network consensus prior to that.
Comparison of Ethereum VS Tangle (DAG):
· Mining – Ethereum is totally dependent upon the miners to work for validating the carried transactions. Tangle on the other hand does not need miners to validate any transaction. Actually, every transacting device over the network of Tangle is required for validating transactions.
· Speed – The transaction speed of Tangle is about double to that of the Ethereum. In actual comparison, Ethereum takes about 6 minutes for completing its transaction while Tangle takes just about 3 minutes for doing the same job.
· Transaction Speed - As Tangle by nature has no miners at all in its network, so for carrying out any transactions, no transaction fees is required to be paid. On the flipside, Ethereum does require a transaction fee to be paid in order to complete it.
· Efficiency – Tangle is far more efficient than the Ethereum as lack of mining means that not much energy is required for running the Tangle network. Ternary logic in place of the binary logic also makes Tangle network more efficient. Ethereum is still known for relying on mining and for this reason, it consumes a lot of energy.
· Open Source – Ethereum enjoys a completely open source platform, in contrast to the closed-nature platform of Tangle, which is highly criticized for such a structure.
· Inflation – IOTA, one of the application of Tangle is known to have all its tokens being already issues. On the other end, the supply for Ethereum would always be increasing. This scenario in other word means that Ethereum has a risk for inflation and Tangle doesn’t.
NEM VS Tangle (DAG):
What is NEM?
NEM is a versatile open source natured blockchain platform which came into the crypto scene in January 2014. It is popular for meeting the requirements of the mainstream industry which are known to stretch far ahead in the clean crypto type applications. This incredible financial solution can be entrusted for the varying needs such as for making payments and ensuring settlement in a completely controlled and as well as private environments. NEMs private version is known as Mijin which is popularly used in Japan by 140 plus institutions.
Pros:
· NEM is loved by most of the users for the fact that it has pure and a highly tried and tested application outside of the crypto. It is applicable for real world applications and can be used for settling any asset.
· NEM uses harvesting model instead of the conventional mining. Users are tempted to harvest more for the incentive or the reward they get for harvesting.
· Transaction fees is the lowest among many of the blockchain cryptocurrencies.
· NEM has the potential to verify a transaction just in a matter of little over a couple of minutes.
· NEM can be used for a lot more applications other than just the financial and monetary solutions. For example, theoretically, NEM can be used for storing any kind of official documents such as company shares or birth certificates etc.
Cons:
· Proof of work is used by the NEM model which in today’s time is just considered as a total waste of time, computing energy and other monetary resources.
· Scalability just like Bitcoin is an issue having a block size fixed at 1MB.
Comparison of NEM VS Tangle (DAG):
· Public or Private – The NEM technology has got the potential to impeccably interface between he private and public network chains. This enables you to transfer files, crypto tokens or currency from your internal private network to another company’s private network using the public blockchain. On the other hand, Tangle majorly is a public network.
· Speed – Speed is the best selling point of NEM. NEM is known for completing its transaction successfully in 3 seconds. This is quite low as compared to that of Tangle which is around 3 minutes. Although, 3 minutes for Tangle is still good as compared to several other blockchain based cryptocurrencies.
· Transaction Fee – NEM does have a transaction fee to be paid for every transaction carried, along with any additional fee if message is included. The Tangle on the other hand has absolutely no fee for carrying out transactions over its network.
· Fork – NEM is an open source project and it’s codebase is available online so that any developer working on NEM project could download, modify and upload the code as per their project’s requirements. On the other end, Tangle is completely closed-end solution with no such flexibility available as compared to NEM or may be other blockchain technologies.
· Harvesting – NEM employs the concept of harvesting instead of mining. In this case, approved users only with a certain number of XEM could only harvest. This makes absolutely no room for cheating or a scam to take place. The Tangle on the other end does not require mining for validating transactions, but nonetheless, it is also a secure model for users.
Litecoin VS Tangle (DAG):
What is Litecoin?
Litecoin, under the blockchain umbrella comes as one of the many online currencies of decentralized nature. The currency could be employed for performing online transactions and purchases, including website development, buying subscriptions or ordering things like jewelry online. Just like other blockchain based cryptocurrencies, it provide users with a very easy and quick method for accepting money online. The payment receiver has the potential for quick verification of the transaction made and this Litecoin platform is actually much quicker than Bitcoin and several other blockchain based technologies.
Pros:
· Litecoin in terms of completing a transaction is the fastest among many of the popular blockchain based cryptocurrencies.
· The transaction fee in this model is as good as zero as compared to Bitcoin.
· Mining is far easier in Litecoin as compared to other cryptocurrencies due to the inclusion of its innovative ‘Prove of Work’ algorithm.
· Litecoin has a very low market cap when compared with the other top of the line tokens in the crypto market of today.
· Security is impeccable which has grown in quality since its inception some 6 years ago.
Cons:
· Litecoin is touted as a kind of modified version of bitcoin and it lacks innovations of its own. It has got significant identity problem and it gets a kind of over-shadowed in the presence of Bitcoin crypto platform.
· Once the scalability issue of Bitcoin is resolved then Litecoin market would definitely be negatively impacted.
Comparison of Litecoin VS Tangle (DAG):
· Speed – In comparison to the 3 minutes speed of transaction completion for the Tangle platform, the speed for same for the Litecoin is 10 times than the Tangle. Yes, you read that right, transaction speed for Litecoin is 30 minutes. However, Litecoin transaction validation is very quick and is just a matter of seconds.
· Transaction feed – As stated above in comparison of multiple other blockchain platforms with Tangle, the later has got no transaction fees at all. In case of Litecoin, there is a transaction fee but that is too little.
· Mining – Litecoin like almost all other blockchain based cryptocurrencies rely over the mining mechanism for validating all the transactions carried on through its network. On the other hand, Tangle as mentioned above does not require mining at all.
· Market Cap – Litecoin is known to have a market cap which is even lower than that for NEM and ETC, which is required when the volumes are higher. On the other hand, Tangle is fully scalable and does not have any such market cap imposed.
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The Critical Tangle bug:
As we have learned by now that the Tangle network has got the potential to validate transactions in quick time, which is all thanks to its graph structure. However, it has also been noticed that the current implementations in several crypto projects are seeing another big issue of synchronization. It is the need for the synchronization of the states in the network between the nodes. There are ICOs using such models who have multiple impractical solutions to these issues. Some are having a single node controller mechanism while some using a multi-node (as many as 12 nodes) controller. Such controllers are operated directly by the developer and this does not make it an ideal solution, mainly because of having immense human intervention, leading to many possible human errors. Furthermore, it is also not ideal because of having a single point of failure.
The Blockless Model Idea:
Just as we write this, the IOTA, IoT Chain and Byteball are the major players in the crypto market that are categorized as the blockless projects. With the blockchain core cryptocurrencies, the main bottleneck is the limited creation speed. As far as bitcoin is concerned then it is known to generate a new block in every 10 minutes which is too long to manage a highly complex network. Ethereum on the other hand is much better, but still it takes some 20 seconds for the purpose of validating the block. Has anybody ever thought that why at all we need a block? If you understand the bitcoin network then it is seen that numerous transactions carried are actually mined into the form of block. At the same time, the sequence of transaction is recorded by the pre-hashes that exists between the blocks. So, how is that for an idea if we go on to combine the transactions and blocks together? In this situation, every transaction should be made involved directly in the maintenance of the sequences. So, once, any transaction is carried, there is a possibility for the mining process to be skipped. This all shapes up into an efficient, blockless model which will have the best of both the blockchain and Tangle technologies, thus giving us the most optimized and trusted solution.
Final Word:
In essence, blockchain is good with its data integrity features and in security and transactions handling features, Tangle has a definite edge over blockchain. At this point of time, it could be concluded that Tangle is better than blockchain, but at the same time, it doesn’t take much away from the credibility of the blockchain as the other is a novice technology and taking its stepping stones towards success. However, it can be safely said that tangle has got great potential for beating blockchain in the near future.

Guney Demirci
VP Operation (VPO)
Blockchain Fintech Product
CyBit Limited | Cybit.io
Copyright © CyBit Limited 2018. All rights reserved.
submitted by CybitCorp to CryptoCurrency [link] [comments]

Subreddit Stats: nem top posts from 2014-01-25 to 2017-04-19 14:37 PDT

Period: 1179.92 days
Submissions Comments
Total 237 542
Rate (per day) 0.20 0.46
Unique Redditors 123 188
Combined Score 1020 800

Top Submitters' Top Submissions

  1. 203 points, 29 submissions: TauMuon
    1. NEM F.A.Q. Thread - Read This before Posting! (16 points, 6 comments)
    2. The NEM Community Client (NCC) (16 points, 8 comments)
    3. The Final Stakeholder List Has Been Published! (12 points, 6 comments)
    4. How will NEM be delivered to the stakeholders? (11 points, 3 comments)
    5. Partially Functional NEM Community Client (NCC) Mockup (11 points, 2 comments)
    6. The NEM IPO Has Officially Come to a Close! (11 points, 3 comments)
    7. What charitable foundations would you like to see NEM donate to? (11 points, 9 comments)
    8. The Stakeholder Waiting List Is Now Closed (9 points, 4 comments)
    9. 1000 NEM Stakes Will Be Listed on the NXT Asset Exchange to Enable Trading Prior to Laucnh (8 points, 2 comments)
    10. Announcement: The NEM Official Logo (8 points, 7 comments)
  2. 94 points, 19 submissions: n3lz0n1
    1. Is NEM REALLY the sleeping giant? (18 points, 0 comments)
    2. What value does NEM Blockchain add above currently available technologies (e.g. Bitcoin, Ethereum) (10 points, 4 comments)
    3. Top 6 Cryptocurrencies With the Best Technology, So Far..... (8 points, 0 comments)
    4. XHAI STUDIOS ADOPTS NEM BLOCKCHAIN TECHNOLOGY FOR VIDEO GAMES (8 points, 0 comments)
    5. NEM Apostille - Blockchain Notarizations that are Transferable, Updatable, Branded, and Conjointly Owned (6 points, 0 comments)
    6. Chrome Web Browser NEM Price Ticker Addon (5 points, 1 comment)
    7. Radicalizing the Equity Market Landscape - by Lon Wong (5 points, 3 comments)
    8. Coincheck now support 3 different types of cryptocurrencies NEM, Litecoin, and DASH! With the addition of these new currencies, Coincheck now handles a total of 13 currencies. (4 points, 0 comments)
    9. NEM’s Developer guide Get all information you need to develop on NEM’s technology. (4 points, 0 comments)
    10. Arra Inc. Support Enterprises to Create Virtual Currencies or Tokens by Using “Zaica” as an Integration Partner (3 points, 0 comments)
  3. 89 points, 15 submissions: iruniclee
    1. What is NEM ? (12 points, 3 comments)
    2. NEM has launced! - Welcome to a New Economy! (11 points, 4 comments)
    3. official launch date for NEM: 31 March 2015 - at 19:00 UTC. (10 points, 4 comments)
    4. Announcing NEM, The First egalitarian crypto. Join The Movement! (9 points, 4 comments)
    5. Noumerous phishing attemps are being reported by stakeholders and members on BCT.org - NEMstake issuance stopped until further notice (9 points, 8 comments)
    6. XEM Reddit Giveaway - Welcome to a New Economy (8 points, 12 comments)
    7. IMPORTANT ANNOUNCEMENT - PLEASE READ (7 points, 0 comments)
    8. NEM Beta 0.6.26 - SECURITY UPDATE (6 points, 0 comments)
    9. The Independent: Recorded tapes on how Anglo-Irish bank's top executives lied to the government & general public about the extend of the loses. (4 points, 0 comments)
    10. Final NEM Redemption Phase 1 has begun - Token Registration (3 points, 4 comments)
  4. 46 points, 7 submissions: TheProject2501
    1. Alpha is coming out soon! Are you excited? (9 points, 8 comments)
    2. First 3rd party app for NEM from Owon (8 points, 0 comments)
    3. Letter to all NEM stakeholders (8 points, 1 comment)
    4. First transaction in history for a product or service in exchange for NEM has just happened (7 points, 3 comments)
    5. NEM running on tv :-) (7 points, 1 comment)
    6. A great tweet from Come-from-Beyond (4 points, 1 comment)
    7. A great post on BTT (3 points, 2 comments)
  5. 41 points, 10 submissions: ubunt2
    1. 386 Sock puppets kicked out in secret analysis! (10 points, 0 comments)
    2. NXT AE Redemption Update (7 points, 0 comments)
    3. Calling all javascript devs ... help NEM get ready for launch! (5 points, 0 comments)
    4. Triple Check Your Private Keys - Launch Imminent (5 points, 2 comments)
    5. NEM's Apostille - The only 2nd generation blockchain notarization app (3 points, 0 comments)
    6. Proof-of-Importance: How NEM is Going to Add Reputations to the Blockchain (3 points, 2 comments)
    7. Coinbase asking for next currency to add (2 points, 0 comments)
    8. How Japanese Blockchain Technology Revolutionizes Municipal Government in Belgium (2 points, 0 comments)
    9. NEM core more secure than BTC, XRP, ETH (2 points, 0 comments)
    10. PR Release: NEM Version 2.0 - Catapult! (2 points, 0 comments)
  6. 18 points, 4 submissions: algar32
    1. Elevator pitch for NEM? (10 points, 6 comments)
    2. Any good tutorials out there for setting up delegated harvesting? (4 points, 2 comments)
    3. NEM web designers: I have a minor correction for the website. (3 points, 0 comments)
    4. Is there a subreddit for NEM speculation? (1 point, 2 comments)
  7. 16 points, 9 submissions: TheBigBlabberMouth
    1. I am in love with Nem (5 points, 4 comments)
    2. Its been 4days, .68% POI, 67k vested but nothing mined. Why? (3 points, 8 comments)
    3. Can I use one wallet on two devices? And will that cpu power increase my pos? (2 points, 4 comments)
    4. How do I program a decentralized website with Nem's blockchain? (2 points, 0 comments)
    5. Does the Nem phone wallet constantly run increasing my P.O.I? (1 point, 0 comments)
    6. How do I know if my phone nem app is running in the background havesting? (1 point, 4 comments)
    7. I'm delegated but should I leave my nano wallet open for better harvesting? (1 point, 1 comment)
    8. If I credit my Nem wallet do i have to do another Importance transfer transaction to acknowledge the new balance? (1 point, 0 comments)
    9. Could Nem break out hard? • AllCoins (0 points, 0 comments)
  8. 15 points, 3 submissions: a4i
    1. Any update on timing for the final launch? (6 points, 1 comment)
    2. When will nem launch? (6 points, 2 comments)
    3. ERROR 500 (3 points, 0 comments)
  9. 14 points, 4 submissions: kodtycoon
    1. Nem multipool to launch pre-nem launch (7 points, 0 comments)
    2. please read (3 points, 0 comments)
    3. want to buy nem on nxt asset exchange before launch? tell utopian here! (3 points, 1 comment)
    4. Mijin permissioned blockchain solution releases feature set, includes linking a public and private chain with smart contracts. (1 point, 0 comments)
  10. 12 points, 4 submissions: austenten
    1. Start Local Harvesting: Error 700, but I have more than the min 1,000 XEM (5 points, 16 comments)
    2. Tried harvesting but didnt get a reward (4 points, 5 comments)
    3. the not so stable 0.6.31 installer (2 points, 0 comments)
    4. Update your client & feedback for the core devs/designes (1 point, 1 comment)
  11. 12 points, 3 submissions: greatwolf
    1. What will the transaction fees look like in NEM? (7 points, 3 comments)
    2. Invested through btc not Nxt AE; How do I redeem my NEMStake? (3 points, 8 comments)
    3. How do you specify a different db directory location on where the blockchain's stored? (2 points, 1 comment)
  12. 12 points, 1 submission: _nightengale_
    1. When is the distribution taking place? (12 points, 9 comments)
  13. 12 points, 1 submission: cmbartley
    1. Why is NEM pumping so hard? (12 points, 17 comments)
  14. 12 points, 1 submission: shantell7
    1. NEMCOIN OFFICIAL FORUM (12 points, 0 comments)
  15. 11 points, 2 submissions: jaspita
    1. NEM logo/meme collection (9 points, 0 comments)
    2. Divisibility of NEM (2 points, 1 comment)
  16. 11 points, 1 submission: SZZT
    1. Our Nem (11 points, 0 comments)
  17. 11 points, 1 submission: utopianfuture
    1. NEM's first development plan (11 points, 8 comments)
  18. 11 points, 1 submission: zoata87
    1. NEM at Facebook now! Share :) (11 points, 0 comments)
  19. 10 points, 2 submissions: loba333
    1. Whats going on with this coin, havn't heard anything for a while (9 points, 3 comments)
    2. I purchased XEM in the original ICO, where can i retrieve my coins ? (1 point, 1 comment)
  20. 9 points, 5 submissions: reddibrek
    1. Coinfest UK 2017 – schedule and interview (2 points, 0 comments)
    2. Cryptocurrency startups gaining traction in India (2 points, 1 comment)
    3. Where to find the crypto-capital of the world? (2 points, 1 comment)
    4. Why are banks falling over themselves to open-source their blockchains? (2 points, 0 comments)
    5. Reddheads – Independent Crypto News (1 point, 1 comment)
  21. 9 points, 2 submissions: Jemtex
    1. code base traps (6 points, 2 comments)
    2. help password not working (3 points, 1 comment)
  22. 9 points, 2 submissions: nyanpi
    1. Huge announcement from NEM tomorrow? I guess that means it's time for a speculation thread! (5 points, 4 comments)
    2. NEM Newsletter #9 (4 points, 0 comments)
  23. 8 points, 3 submissions: _AlanT
    1. Any people only living from their XEM ? (4 points, 11 comments)
    2. How much a supernode earn daily/weekly ? (2 points, 10 comments)
    3. New nano-wallet radically simple (2 points, 1 comment)
  24. 8 points, 2 submissions: yamfy
    1. NEMgold and NEMsilver Ecosystem Crowd Sale (4 points, 3 comments)
    2. Turn NEMstake into real gold and silver (4 points, 0 comments)
  25. 8 points, 1 submission: 1NFINITEDEATH
    1. What NEM needs.. (8 points, 7 comments)

Top Commenters

  1. iruniclee (55 points, 30 comments)
  2. TauMuon (45 points, 30 comments)
  3. TheProject2501 (28 points, 20 comments)
  4. Metasaurus_Rex (22 points, 13 comments)
  5. ubunt2 (20 points, 13 comments)
  6. utopianfuture (18 points, 8 comments)
  7. austenten (17 points, 9 comments)
  8. TheBigBlabberMouth (15 points, 13 comments)
  9. SZZT (15 points, 8 comments)
  10. jabo38 (15 points, 4 comments)
  11. wiburg (14 points, 12 comments)
  12. Marino4K (13 points, 3 comments)
  13. nyanpi (12 points, 8 comments)
  14. volatilepointer (12 points, 7 comments)
  15. BitWhale (12 points, 1 comment)
  16. digichris (11 points, 9 comments)
  17. devoidme (11 points, 7 comments)
  18. Zoxec (11 points, 6 comments)
  19. frozeman (10 points, 7 comments)
  20. OldCole (10 points, 5 comments)
  21. kanada_kid (9 points, 9 comments)
  22. n3lz0n1 (8 points, 8 comments)
  23. gevsdev (8 points, 7 comments)
  24. t8p (8 points, 7 comments)
  25. norti (8 points, 3 comments)

Top Submissions

  1. Is NEM REALLY the sleeping giant? by n3lz0n1 (18 points, 0 comments)
  2. The NEM Community Client (NCC) by TauMuon (16 points, 8 comments)
  3. NEM F.A.Q. Thread - Read This before Posting! by TauMuon (16 points, 6 comments)
  4. Why is NEM pumping so hard? by cmbartley (12 points, 17 comments)
  5. When is the distribution taking place? by _nightengale_ (12 points, 9 comments)
  6. The Final Stakeholder List Has Been Published! by TauMuon (12 points, 6 comments)
  7. What is NEM ? by iruniclee (12 points, 3 comments)
  8. NEMCOIN OFFICIAL FORUM by shantell7 (12 points, 0 comments)
  9. What charitable foundations would you like to see NEM donate to? by TauMuon (11 points, 9 comments)
  10. NEM's first development plan by utopianfuture (11 points, 8 comments)

Top Comments

  1. 12 points: BitWhale's comment in Why is NEM pumping so hard?
  2. 7 points: Marino4K's comment in A good idea to invest right now?
  3. 6 points: jabo38's comment in What value does NEM provide given we have a suite of other technologies available?
  4. 5 points: 1NFINITEDEATH's comment in What NEM needs..
  5. 5 points: Fresh20s's comment in Why is NEM pumping so hard?
  6. 5 points: OldCole's comment in XEM Reddit Giveaway - Welcome to a New Economy
  7. 5 points: davidpbrown's comment in official launch date for NEM: 31 March 2015 - at 19:00 UTC.
  8. 5 points: iruniclee's comment in What charitable foundations would you like to see NEM donate to?
  9. 4 points: 33matt's comment in NEM price prediction out 5 years.
  10. 4 points: Marino4K's comment in Why is NEM pumping so hard?
Generated with BBoe's Subreddit Stats (Donate)
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Japan update virtual currencies regulations and Hitachi start to move on a blockchain based platform

Recently Japan seems fast moving in cryptocurrency world:
-> has recently overtaken the US and China as the highest-volume country for Bitcoin trading in the world.
-> In April 2017, They will officially recognize Bitcoin as a method of payment, with some regulation described here: Publication of the Draft of Cabinet Office Ordinance concerning Virtual Currency Exchange Service Providers https://www.amt-law.com/pdf/bulletins2_pdf/170207.pdf (related news)-> https://news.bitcoin.com/japan-regulations-bitcoin-exchanges/
-> Hitachi, one of the biggest Japanese multinational conglomerate companies has partnered up with Tech Bureau to use the NEM-based Mijin Blockchain platform for Hitachi’s point management solution “PointInfinity.” (related news)-> https://medium.com/nem-distributed-ledger-technology-blockchain/hitachi-and-tech-bureau-building-nem-based-blockchain-platform-in-japan-1fb4714392af#.ob309wflw
I have the impression that Japanese government and METI are giving strong support to NEM platform and its company. Could be this the reason that has pushed government to officially recognize Bitcoin and virtual currencies as payment methods or It is just a coincidence?
What do you think?
submitted by slyborn to Bitcoin [link] [comments]

Share prices of Japanese Bitcoin and Blockchain-related Companies Skyrocketing

This is an automatic summary, original reduced by 49%.
The rise in share prices of these 3 companies came after the Japanese Yen rose against the US Dollar to 117.5 Yen per USD during the past few days.
The price of the company's shares increased by 300 Yen, to record a high of 1,460 Yen a few hours ago.
The company's shares' price closed yesterday at 892 Yens, so today's trading sessions led to a 16.82% increase in the company's market value.
Infoteria Corp is a Japanese company that is mainly specialized in the development and marketing of software which is based on extensible markup language XML. On December 11, 2015, the company announced a collaboration with Tech Bureau to formulate an adapter that permits integration between Infoteria and the Japanese blockchain platform Mijin.
The company has recently partnered with Bitflyer to add Bitcoin as a payment method on the company's crowd sourcing platform.
Share prices of 3 of Japan's top "FinTech" companies soared earlier today on Tokyo's Stock Exchange; Sakura Internet Inc, Infoteria Corp and Real World Co Ltd. As the world continues to explore the greatness of the blockchain technology, we expect to see the value of companies, which are chipping in to this sector, to soar throughout 2016.
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Japanese Bank Partners with Mijin on Applying Blockchains in Bank Accounting Systems

Japanese Bank Partners with Mijin on Applying Blockchains in Bank Accounting Systems - http://pbnj.io/304 via /bitcoin
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How To Mine 1 Bitcoin in 10 Minutes - Blockchain BTC Miner ... Bitcoin Mining and the Blockchain Explained Transaction test on mijin's private blockchain network What is Blockchain?  Technology behind Bitcoin - YouTube FIBC2016 mijin (Tech Bureau, Corp.)

"mijin" is a platform to build a "private" blockchain, which the selected nodes can only participate on the network that is managed by a company. It hastens the velocity to generate the token economy by enabling the publication, distribution and payment of tokens easily and freely done. The goal of Mijin, is to allow financial institutions to reduce infrastructure costs by up to 1000% by 2018. ***** What is Mijin? ***** The father of Bitcoin, Satoshi Nakamoto, bestowed blockchain technology on the world. Mijin is the platform to let anyone set up a blockchain on a peer-to-peer network easily. What is Mijin? Mijin is a private blockchain built using the NEM software. The blockchain is being explored for use in a number of areas of the fintech industry, where companies claim it will reduce the costs of banking by up to 90% while making banking more secure. Mijin is being tested worldwide, but it has a relatively large presence in Japan. The Chief Officer of Microsoft Japan, Mr. Akira Sakakibara commented that the successful demonstration of using Microsoft Azure, ASTERIA WARP and Mijin is being welcomed by him. Mr. Sakakibara also announced: – that Microsoft Japan gave a warm welcome to the private Blockchain’s successful experiment that was demonstrated in microfinance. Mijin is a Japanese-developed open source financial technology (fintech) platform, currently in development, that utilizes blockchain technologies to reduce the costs associated with financial institutional infrastructures. Mijin aims to do this by using a series of redundant cloud-based servers to create a highly impervious fintech network to record and facilitate financial transactions.

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How To Mine 1 Bitcoin in 10 Minutes - Blockchain BTC Miner ...

Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain. Mining is done by running extremely powerful computers (known as ASICs) that race against ... Testing mijin's private blockchain network with 5 nodes Stable at 100 transactions / second. mijinのプライベートブロックチェーンを5つのノードでテスト中。 すでに ... In this video we will see: - What is BlockChain - Why blockchain is important - Who is Satoshi Nakamoto - What is bitcoin - Bitcoin with blockchain - Securit... What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 1... mijin is the private / permissioned blockchain platform that allows you to build a p2p blockchain network either on cloud servers or any private network. mijin brings you "zero-downtime", "high ...

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