After More Than a Year Under Development, Next Generation Blockchain Platform NEM (XEM) Officially Launches with 100% Original Codebase

By April 7, 2015Bitcoin Business

DAEGU, South Korea, April 7, 2015 /PRNewswire/ — NEM, is an original blockchain technology platform using a breakthrough innovation for blockchain consensus called Proof-of-Importance (POI). POI is a consensus mechanism that calculates an importance score for an account by taking into consideration its balance, activity of the account, as well as the importance of accounts transacted with.

This importance score enables accounts to create blocks and "harvest" transaction fees based on the account’s importance to the […]

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