Every year, developers around the world look for a stable code to create a perfect cryptocurrency. Now, this sphere is developing as quickly as possible, entangling the whole world with its threads. Despite the fact that a lot of cryptocurrencies have appeared recently, only a few of them are known. The NEM cryptocurrency is in the bunch of leaders, and now you will find out why.
For the first time, they talked about the cryptocurrency NEM in 2015. We noticed HEM, or, as it is also called, HEM, thanks to the original open code and a line of innovations that have not been used until now. So, it is based on the “proof of stake” modification algorithm, which takes into account the number of transactions made by the user. The process of obtaining rewards in NEMcoin is called harvesting, which gives a reference to the meaning of “harvesting”.
NEMcoin’s capitalization is growing, and at the end of this year, a movement has been announced during which the cryptocurrency will switch to the C ++ platform. Java, on which it is now, is becoming too small for activities of this magnitude. The latest version of the network now allows you to conduct stable work with three thousand transactions in one second. The official update will take place on the blockchain, and only then on the entire XEM network.
The history of NEMcoin shows that timely decisions attract investment and support the project. It must constantly develop, otherwise, a period of stagnation will come. The creators of NEMcoin understand this very well and begin to develop a new COMSA platform, which will be built on the basis of XEM. At the moment, the monetization of this cryptocurrency has already exceeded two billion US dollars and does not stop at this indicator. The coin has become popular not only in the homeland of development but also conquers such exchanges as Bittrex and Polonix.
The real differences cryptocurrency HEM
There is a moment that all digital money unites – this is the desire for decentralization. That is, an external factor cannot cast a shadow over HEM coins. The prospects for NEMcoin depend only on how quickly HEM will generate its blocks. Now each of its blocks is created in just one minute. In this, the creators of NEMcoin even beat Bitcoin itself, not to mention other digital money, for example, Lightcoin.
Among other features of HEM are also noted:
- maximum ease of use;
- increased level of protection and security of wallets;
- control of all transfers;
- radically different action codes.
Do not forget about the very cost of coins. In just the first 3 months of its growth, the price of one NEM coin jumped immediately by 1147%. Agree, this is impressive growth. Now the price of one NEMcoin is 0.167 US dollars. Only three months ago, it did not exceed 0.051 dollars. Thanks to this growth, HEM has secured the status of one of the most popular cryptocurrencies at the moment. This can be seen here: https://mining-cryptocurrency.ru. The conclusion suggests itself that the NEMcoin rate has been chosen correctly.
Technical Aspects of NMC Cryptocurrency
NEMcoin is equipped with its own technological options, which helped her to become so popular. So, its blockchain runs on an optimized version of POS. This means that the probability of creating a new stack of coins is higher for the person who works with all its options. As noted above, a prize for one package is called harvest or yield. The company managed to issue over 9 billion NEMcoins and does not expect additional emissions in 2018. NEM generates everything on its code, open to everyone. Criteria offer the community an additional introduction for Blockchain.
Its performance is based on the POI algorithm. To understand the principle of its work, let’s say simpler – this is an option for approving the stages of funds. In fact, we are talking about a methodology by which it is possible to prove the fact of savings for a specified period. The formula will see the number of NEMcoins in your account and compare it with the power of the equipment. This allows you to calculate how many transactions will be confirmed for a given period.
It should be remembered that in the system, it is possible to pin a block to a validator or miner. It depends only on the share of invested funds. This takes into account not only the volume of the share but also the indicator of the activity of the miner. The creators of NEMcoin even came up with an individual name for the process: harvesting. The algorithm helps to choose the user who will subsequently be able to generate another block. The developers are sure that this will allow everyone to earn NEMcoin on an equal footing.
The best user is selected based on the following criteria:
- number of coins in the wallet;
- equipment performance;
- who will bring great benefits to the infrastructure, the total number of transaction confirmations is taken into account here?
Additionally, examples of POI and POS work can be found on the official website of the currency makers.
Earnings NEMkoinov or harvesting passes through the accrual of commission to the nodes involved in the creation of blocks. A commission will be charged for those transactions that are included in the block.
Harvesting is divided into two main types:
- Local. Online is a constantly active HEM client. It provides a private key to search for generated blocks.
- Delegated. This type of harvesting can be started remotely. It looks like a private key account intermediary with zero balance. An empty balance is created immediately after the start of the delegated model.
Due to the fact that the intermediary key is published, the main account remains safe. The general commission for creating such a block is credited to the account of the main account. The significance of your own account cannot be transferred to another account, accordingly, the intermediary will remain empty.
Now all new NEMcoin wallets are moving only to the delegated type of harvesting. To start work in delegated mode, you need to go through activation. Its confirmation takes about six hours and will cost the user 6 NEM. Immediately after starting and activating this type of harvesting, it will continue to work even after you turn off the computer. Activation is carried out directly from the main NEM cryptocurrency wallet.
To be able to create large NEMcoin mining farms, you need to purchase special equipment. Its characteristics include the presence of FPGA-matrices or Aesik processors. After that, you will have your own powerful farm with video cards. Another option is to use cloud mining.
The first method is quite laborious and costly. If you do not have large investments, then it will be difficult to use it. In addition, the invested funds will not be repelled soon. In addition to the financial component, one must also have a set of peripheral knowledge. You will need them in order to buy and set up the necessary equipment.
Most often, users stop at the second option. It includes an individual computer and the availability of a modern video card. In order to start earning NEMcoins, you need to install software online. Then configure it and contact other participants in the system. Even if you do not have a video card that meets all the specified parameters, you can rent it. You can also rent any equipment you need for productive work. These costs will pay off quickly and over time you can already get your own hardware.
Users who have already started working with cryptocurrency note that this option brings about $ 500 per month. To save the mined coins, you can get a wallet of the same cryptocurrency. How to do this is described in detail on the website of the creators of the cryptocurrency.
How to get coins NEM
Electronic or cryptocurrency is exchanged and found on exchanges. Dozens of exchange points have already appeared on the Web, which is ready to convert NEMcoins into cash, electronic investments, exchange them for euros, US dollars or another currency of your choice. Exchanges that sell XEM tokens: EXMO.com, LiveCoin.net, and many others.
Asian analysts believe that the NEMcoin cryptocurrency deserves close attention and can be invested in since in 2018 it expects significant growth.
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