What is NEM - Reading assignment

Blockchain Programming Course
#43

  1. Smart assets are similar to tokens on the Ethereum blockchain but easier to create with the caveat that they are more limited.

  2. NEM uses proof of Importance. It reward nodes that hold a large amount of token for a longer period and that make transactions with the currency. The higher your reputation the more transaction fees you can ‘harvest’.

The infractructure centers around Supernodes that creates new blocks and earn transaction fees ( requires a holding of at least 3 000 000 XEM ).

  1. A rewrite of the NEM source code from Java to C++ which increased its performance substantially.
1 Like
#44
  1. Smart assets are kind of smart contracts with a link to material things
  2. It uses Proof of Importance a kind of Proof of Stake
  3. Catapult is the core code rewritten from Java to C++
1 Like