NEM Technical Reference Introduces Reputation-Enhanced ‘Proof of Importance’

By May 18, 2015Bitcoin Business

One and a half months after launch , NEM (New Economy Movement), has open-sourced their project and released their technical reference . The 54-page paper outlines the technical aspects of the cryptocurrency and theoretically explains the core concept of the technology known as proof of importance , a reputation-based enhancement to proof of stake.

NEM, like most of other cryptocurrency networks, is a peer-to-peer (p2p) network. P2P networks have the great advantage over centralized networks […]

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