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  • 1) What is NEM and what is its future? NEM – XEM Token News and Development 1.1) What is NEM coin (XEM)? 1.2) XEM Token Harvesting (IN) Mining (OUT) 1.3) Advantages and Disadvantages of NEM – XEM Token 1.4) How NEM – XEM tokens are different from Bitcoin? 1.5) NEM vs Bitcoin: The Difference K-Line Chart 1.6) Is there a future for NEM Coin and is there an investment? 1.7) How to buy NEM (XEM) coin?
  • 1.1) What is NEM coin (XEM)?
  • 1.2) XEM Token Harvesting (IN) Mining (OUT)
  • 1.3) Advantages and disadvantages of NEM – XEM tokens
  • 1.4) How are NEM – XEM tokens different from Bitcoin?
  • 1.5) NEM vs Bitcoin: Difference K-line chart
  • 1.6) Is there a future for NEM Coin and is there an investment?
  • 1.7) How do I buy NEM (XEM) coins?

NEM is similar to Ether; however, Go is a two-tier blockchain written in Java, a popular computer programming language, rather than ETH, which is built in programming languages such as C++ and Rust.

What is NEM and what is its future? NEM – XEM Token News and Development

The NEM and XEM tokens were issued by Zaif, the largest cryptocurrency exchange in Japan, on March 31, 2015. NEM stands for "New Economic Movement" in English.

What is NEM coin (XEM)?

What is humidity

NEM is a two-layer blockchain written in Java, a popular computer programming language similar to Ether, but unlike ETH, it is built in programming languages such as Go, C++ and Rust.

XEM is not mined. XEM does not use the PoS or PoW algorithms. Instead, it uses an algorithm called POI.

The total availability of NEM on the market is 9.000.000.000. This product was offered before the release of NEM.

XEM Token Harvesting (IN) Mining (OUT)

One of the most important features that distinguishes Nem from other cryptocurrencies is its use of the POI algorithm. Thanks to this algorithm, Nem performs the approval process on the network using a technique called harvesting rather than mining. Thanks to this feature, Nem users can harvest Nem through their personal computers without any hardware.

In this way, they can ensure the continuity of the network and earn profits at the same time. However, users need to have 10,000 XEM in their account in order to participate in Harvesting, which means generating blocks on the Nem blockchain.

  • Since the harvesting method is not a mining operation, it does not require the use of super-capable computers and therefore requires high fees to be paid to these computers.
  • Harvesting consumes less power than mining. This can save you money on your electricity bill.
  • With the super node feature in the harvesting process, network security is improved and user funds are safe.

What is NEM and what is its future? NEM - XEM Token News and Development

Advantages and disadvantages of NEM – XEM tokens

Benefits

  • Because humidity uses a harvesting approach, it has an advantage over other cryptocurrencies that use PoW algorithms, such as Bitcoin, in terms of energy consumption.
  • Technically, it is compliant with the NEM API and therefore allows any global application to connect and use the NEM platform.
  • NEM brings the concept of Namespace to the blockchain industry. Namespaces function similarly to domains on the Internet. You can create and manage your own domains on the NEM blockchain.
  • One of NEM’s main goals is to focus on large enterprises. This could make NEM one of the key cogs in the blockchain wheel for some time to come.

Disadvantages

  • Lack of regular updates.
  • Because of the anonymity of its team and the lack of a strong marketing department to talk to its community, little is known about where NEM is on its roadmap, its plans for the future, and who it trusts to be the backers behind it.
  • While it has some unique features, NEM is a smart contract platform similar to Ether. Therefore, there is no guarantee that they will be different enough to effectively outperform the competition.

What is the NEM coin (XEM)? Does it have a future?

How are NEM – XEM tokens different from Bitcoin?

Despite using distributed ledger technology between two entities, NEM differs from Bitcoin in two strategic points. The first of these, and perhaps the most important, is when it comes to creating blocks. While Bitcoin uses a mining system that requires expensive equipment to create blocks, NEM uses a harvesting system, which is translated into Turkish as harvesting, and in which users with 10,000 XEM in each account can participate.

The second main difference is at the algorithm level. In the NEM blockchain network, it uses the Proof of Importance (POI) method, which we can translate into Turkish as "Proof of Importance" instead of "Proof of Work". Bitcoin, on the other hand, uses the Proof of Work (POW) algorithm.

Another important difference between NEM and BTC is that the supply of NEM is 9 billion, while the supply of Bitcoin is only 21 million.

NEM vs Bitcoin: Difference K-line chart

Is there a future for NEM Coin and is there an investment?

Launched as a competitor to the ethereum platform, NEM has considerable potential. XEM Coin aims to bring blockchain technology to especially large enterprises, and with the widespread acceptance of cryptocurrencies, it can come to very good places.

What is the NEM coin (XEM)? Does it have a future?

How to buy NEM (XEM) coins?

1. give yourself a NEM wallet (e.g. Coinomi, Exodus, Trezor)

2. Find your NEM address.

3. Become a member of an exchange where you can trade NEM. (For example: Thodex, Coinan, Bittrex)

4. Upload bitcoin or fiat currency to the exchange for XEM

5. Withdraw your purchased NEMs to the wallet you created earlier.

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