History Of NEM
NEM was created in 2014 by a BitcoinTalk forum user called UtopianFuture and a year later the company launched a cryptocurrency XEM, which was inspired by Nxt. NEM works on a system based on high customization and versatility. With such adaptability, NEM is the perfect financial asset for most endeavors, especially gambling.
In 2018, NEM was selected by the Ukraine Central Election Commission as the accepted blockchain technology for elections. Another accomplishment to become more recognized happened later in 2018 when Malaysia’s Ministry of Education pushed to use NEM’s blockchain technology to authenticate academic certificates.
NEM is also a fantastic option for trading, which can be done on trading platforms such as:
AlfaCashier: AlfaCashier is an automatic cryptocurrency exchange platform that started in Russia in 2014. You are able to trade Bitcoin, Ethereum, Bitcoin Cash, Monero, Litecoin, Dash, NEM, Zcash, Ethereum Classic, Ripple, and many more at AlfaCashier.
Binance: Binance is the world’s leading trading platform, with over 50 currencies on offer. Binance allows users to access their trade on any platform and provider fantastic security and support.
What is NEM?
NEM is a blockchain platform that runs off the concept of proof-of-importance and delegated harvesting to reward verification efforts, which offers the altcoin scene a new option for a decentralized algorithm. Being closely compared to Ethereum, those who have invested are hoping for the same kind of success, if not better. NEM strives to provide total decentralization, absolute financial freedom, and equality for all users.
The NEM ecosystem is focusing on optimizing and evolving the blockchain system. This will be achieved by looking at the user’s ambitions and setting goals in place to meet those needs.
NEM has a zero inflation rate, with a total of 8.999.999.999 XEM in circulation. NEM was created in the genesis block, meaning all coins are already in existence. All other cryptocurrencies are subject to inflationary and deflationary forces.
Recently NEM created NEMpay, which is an open-source payment system based on the NEM blockchain. Allowing for quick and cheap payments at any corner of the earth.
Unique NEM features
- Mosaics: Mosaics are unique to NEM and represent assets that are traded on the NEM blockchain. Mosaics can be created in many shapes and forms, such as cryptocurrencies, a signature, or status updates, and run on the NEM blockchain.
- Multi-signature accounts: Transactions are highly secure, needing multiple signatures for any transaction
- Namespaces: Name your mosaics, by using something similar to an email address on the blockchain that allows you to give a unique name to your blockchain adventure.
- Updates: NEM focuses on adaptability. To make sure the updates are enjoyed by all the NEM ask all users to get involved in update suggestions.
Advantages of NEM gambling
Gambling is all about what you get out! When gambling with NEM, players get even more out of it than they ever anticipated. Using a two-tier architecture and the use of groundbreaking cryptography, NEM provides advanced security. When gambling all transactions are fast and effortless, resulting in fast-paced play. Transactions are cheap, with a charge of 0.01% per transaction, making it one of the more affordable currencies to invest in.
The benefits don’t stop there. NEM allows for cheap transaction fees, across all processes. NEM promises to always improve and evolve, in saying this NEM is looking at the full implementation of Catapult, a technology that should make the platform even faster, and more reliable.
NEM is the future of gambling
Sign up for one of these thrill-seeking casinos and be one of the first to incorporate NEM into your gambling. With only added advantages, gamblers will see improvements in their play and returns. By saving just by using them, gamblers are able to take their money the extra mile with NEM.
NEM is a revolutionary blockchain platform geared towards a smart economy. The casinos offering NEM offer a fantastic array of gaming options. So pick your poison and get winning.