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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
NEM coin is currently listed #5 on coinmarketcap.com.
It’s price is $0.13 per coin, the circulating supply is right on the verge of 9 billion coins, the 24hour volume is at 12million and the total market cap for NEM is 1.1 billion dollars.
If you notice there is one asterisk next to the circulating supply of any coin listed on coinmarketcap.com, that means the coins is no longer mineable.
If you notice 3 asterisks next to the circulating supply of a coin, that means it has been significantly premined.
In addition to being a cryptocurrency, NEM also labels itself as a solution platform. They offer payment systems, encrypted and non-encrypted messaging, asset making and they also provide a naming system.
Since I covered the topic of nodes in my last video I’ll also explain how NEM has figured out a way to require less computing power and energy, and you’ll be rewarded for running a node. They call this harvesting. You can also run what is called a Supernode, and this program rewards you for running a high-powered node that serves both light and mobile wallets.
Harvesting is a process where a node calculates blocks and adds them to the blockchain.
A block contains all transactions that were sent in the last minute.
So that means a block is calculated every minute. The node can then keep all included transaction fees.
The requirement for harvesting is that the user account needs a vested balance of at least 10,000 XEM.
If you decide to take part in harvesting for NEM, you’ll learn that once harvesting is started, you don’t need your wallet to stay open in order to continue to harvest.
It can be closed and the wallet does not need to be online.
Now let’s take a look at their Supernode program.
This program is funded with the XEM reserved during the Nemesis block. These are the nodes that allows anyone using a light client to connect to the NEM network securely and make transactions safely.
As the name suggests, Supernodes are high performing, reliable nodes. They are regularly tested to ensure they are maintaining their high standards.
NEM uses 64 bit java, so this means you’ll be able to run the NEM software on popular operating systems that support Java, like Windows, Mac OS X and Linux.
You can get XEM at the following exchanges with BTC:
* Poloniex
* BTC38
* Bittrex
* Bitcoin.co.id
* BTER
NEM coin:
coinmarketcap:
https://coinmarketcap.com/currencies/nem/
NEM blog:
http://blog.nem.io/
Motherboard article: https://motherboard.vice.com/en_us/article/this-cryptocurrency-doesnt-want-to-beat-bitcoin-it-wants-to-beat-the-economy
Bitcointalk post: https://bitcointalk.org/index.php?topic=654845.0
FAQ’s:
https://www.nem.io/faq.html
NEM white paper: http://nem.io/NEM_techRef.pdf
Rаtе my nаkеd phоtos (ᵔᴥᵔ), my blоg ➻ http://tinyurl.com/y9vjbh3l
is there a coin which can be infinitely mined in a constant way
just bought 100 bucks worth….. looks good.
Hi Crypto tips could you do a update on Nem please?
NEM up 17.02% in last 24h!
TO THE MOON!!!
nice rev, terrible audio, keep rollin )))
You sound super smart
Smart and beautiful. All I like 😉 Thx for sharing all your knowledge.
It won't let me sign up!! Is there another way??
You can do away with the fake beach background, it doesn't seem to fit with this topic. Otherwise, thanks for the intro to NEM
Do you harvest NEM? that's amazing.
Btw, love your videos. you're my 1 source/guide for crypto this days.
You keep it clean, simple and in plain English.
Do you know any similar Tokens/Coins that have a similar method to the NEM Harvest? where you keep minimum amount of coins on your wallet and get harvest/revenue/commission/etc while closing your wallet ?
how many xem for a supernode?
100%
Together with the upcoming Catapult algorythm, the blockchain code currently in Java will be rewritten in C++
Nem is for poor people and those who can't add.
WyteMtr
хорошо говоришь,только вот не понашему ))
Ladies and gentlemen, brothers and sisters, comrades and friends! POI system not only rewards those with a large account balance, but also takes into account how much they transact to others and who they transact with. In order to increase your PoI score, send more transactions to more people. Help me with several NEM and increase your importance. NCPC6Q-R4IW7N-PSMUJH-DMJIUF-YAGH6F-4HH7KP-OAJY Thank you!
Is it the right time to buy NEM coin?
Well done
I've tried to purchase some XEM with USD using Visa but it doesn't work. There is some sort of weird security system in place that won't accept my Visa debit card. Then they require you to take a video of yourself with your Visa card and your passport for verification and upload it! Too much hassle. If you know of a way to purchase XEM with USD I would like to know. I suspect there are others who like to know as well.
no one talking about humaniq . why? I think HUMANIQ will be great in the future
Video on ETH new ENS domains?
To be a super node you have to have 3 million XEM?
great video , too many features to explain NEM blockchain in this time, lets say NEM blockchain is simply the best 🙂
Etherum should have 3 asterisks for huge premine AKA the ICO/ Crowdsale
Tonight on Lifetime the story of NEM!
If you have twitter please go here and Vote for NEM to be add to BTCC an exchange on Hong Kong https://mobile.twitter.com/bobbyclee/status/862905887320547328
Why's it better than any other crypto? I would have liked some more detailed information on pros and cons of it, unique features, etc..
Great job, thx!
So, now your channel is Crypto from the paradise?
NEM is the future, read the whitepaper.
Hey u lukng so pretty and yes NEM is good too!!!
So if I become a supernode, what does "harvesting" do? Is that like mining additional NEM of which I get to keep?
Great video, have you looked into the ICO Aragon yet ?
any idea how much it will go up
Review Stellar ?
Lil too late to talk about nem ;(
hi, thanks for the awesome review.
Can we please have your NEM address?
Where are you?
Closed source on server and opened on clients to confuse the user!!! I'm never touching this unless they make it at least totally open-sourced. https://steemit.com/cryptocurrency/@bitworkers/dictionary-of-coins-nem-preparing-for-lunyr
Nice bite size info.