NEM Digital Coin is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally.
While blockchain technology is a breakthrough for digital records keeping, not all blockchains are the same. NEM’s development team learned from the mistakes and shortcomings of other blockchain concepts and created something to stand the test of time. NEM’s core was built from scratch with a focus on solving real-world needs at a global scale.
The NEM Digital Coin is higher performance, more customizable, easier to develop on, and more secure than other blockchain solutions – by design. Development on the NEM blockchain is simple
NEM’s Digital Coin blockchain exposes its functionality through a powerful API interface that can be used with any programming language, not a specific “smart contract” language. Existing business logic code can easily mate up and use blockchain where it’s strongest: secure transactions and ledger keeping. In short, configure NEM for your business, and then deploy blockchain incrementally and without forced retooling of existing infrastructure.
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