NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[jabo38]

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact.  

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others.  

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here.  

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

[LemonAndFriesOne]

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact.  

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others.  

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here.  

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly.

[zachamo]

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact. 

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others. 

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here. 

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly.

This is possible down the road, but initially financial transactions would likely be between Mijin users (i.e. transactions across companies, or within companies [between departments etc -- finance stuff]), but the potential far exceeds financial transfers. Blockchains are public ledgers, so can be leveraged for all kinds of things.. Imagine IT wants to keep track of where all of it's computers are located (building / floor / cubicle); a blockchain could be used to track these assets and their movement, with the benefit of a rock solid audit trail. Just a tiny example of a non-finance use, there are heaps more.

A few cool things about Mijin mirroring Nem:
1. Mijin's success lends a LOT of credibility to NEM
2. It's very unlikely that business would readily adopt a public blockchain like Bitcoin - they're more likely to create their own alt and run it privately. This approach makes it much easier and more agreeable for businesses to adopt blockchain.
3. As mentioned above - Mijin and NEM use the same APIs -- so an open source blockchain explorer or mobile app madefor NEM could be used by businesses on Mijin and vice-versa.. This could be really cool if it picks up -- I can imagine a number of gits popping up as businesses and outside developers explore what they can do with the blockchain, which could be built upon by both Mijin or Nem community members. A mutually beneficial development framework.


From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly.
[/quote]

[greentea]

The way i see it. The main reason the price is relativey low compare other s@&"coins out there is because ppl are too lazy and not bother to lookup the corrolation between mijin, dragonfly and xem.
Furthermore, most if not all news, are in japanese. Xem really needs deserve a translator and a marketing team.
Until this happens, any progress is only know to xemalisse.

True, this news should be released at the regular crtyptocurrency news websites.

Does anybody know any writers?  If so, please contact me.

https://bitcointalk.org/index.php?action=profile;u=28364
this is JP Buntinx.
He's a freelance writer for many news-sites.

ah,ok. he wrote the mijin-article on bitcoinist

Link to article included:
http://bitcoinist.net/japanese-bank-acknowledges-mijin-blockchain-infrastructure-test/

[SydorFunk]

There is also a NEM exhibit in Netherlands today.

https://forum.nem.io/t/blockchain-vlaanderen/1986

[LemonAndFriesOne]

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact. 

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others. 

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here. 

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly.

This is possible down the road, but initially financial transactions would likely be between Mijin users (i.e. transactions across companies, or within companies [between departments etc -- finance stuff]), but the potential far exceeds financial transfers. Blockchains are public ledgers, so can be leveraged for all kinds of things.. Imagine IT wants to keep track of where all of it's computers are located (building / floor / cubicle); a blockchain could be used to track these assets and their movement, with the benefit of a rock solid audit trail. Just a tiny example of a non-finance use, there are heaps more.

A few cool things about Mijin mirroring Nem:
1. Mijin's success lends a LOT of credibility to NEM
2. It's very unlikely that business would readily adopt a public blockchain like Bitcoin - they're more likely to create their own alt and run it privately. This approach makes it much easier and more agreeable for businesses to adopt blockchain.
3. As mentioned above - Mijin and NEM use the same APIs -- so an open source blockchain explorer or mobile app madefor NEM could be used by businesses on Mijin and vice-versa.. This could be really cool if it picks up -- I can imagine a number of gits popping up as businesses and outside developers explore what they can do with the blockchain, which could be built upon by both Mijin or Nem community members. A mutually beneficial development framework.

Thanks for the explanation, this should be formatted and made into a copypasta everytime someone wants clarification on how DF-Mijin-NEM are linked.

[tolikkk]

Nem - private money, I correctly understand? or is it something will be bound to create private bacchanal Mijin and other bodies and will be a new condition, or part, of the world economy? or Nem, and Next , will do its own work and stay in the web 1.0 as some kind of pyramid Ponzi and so on in the same vein?

[ibrahim11]

No more cheap coins at 330? 

[Moneroman88]

Nem - private money, I correctly understand? or is it something will be bound to create private bacchanal Mijin and other bodies and will be a new condition, or part, of the world economy? or Nem, and Next , will do its own work and stay in the web 1.0 as some kind of pyramid Ponzi and so on in the same vein?

tolikkk, how do you define private money? it's a very interesting term.

[tolikkk]

Nem - private money, I correctly understand? or is it something will be bound to create private bacchanal Mijin and other bodies and will be a new condition, or part, of the world economy? or Nem, and Next , will do its own work and stay in the web 1.0 as some kind of pyramid Ponzi and so on in the same vein?

tolikkk, how do you define private money? it's a very interesting term.

based on the theories of the 20s of the last century in the spirit of the time and talks about freedom and the birth of the thoughts about freedom in everything, but most importantly about the freedom of creating anything and money including, platform acts, in this case, as the operator, and only with the advances in computers about the theme of free, private money can speak more intelligently

[n3lz0n]

Nem - private money, I correctly understand? or is it something will be bound to create private bacchanal Mijin and other bodies and will be a new condition, or part, of the world economy? or Nem, and Next , will do its own work and stay in the web 1.0 as some kind of pyramid Ponzi and so on in the same vein?

tolikkk, how do you define private money? it's a very interesting term.

based on the theories of the 20s of the last century in the spirit of the time and talks about freedom and the birth of the thoughts about freedom in everything, but most importantly about the freedom of creating anything and money including, platform acts, in this case, as the operator, and only with the advances in computers about the theme of free, private money can speak more intelligently

oh boy...here we go again....IvanSirko is that u?....it sounds like u.....

[iTradeChips]

can anyone please tell me how to fix this "error 306 nis unexpected error" when trying delegated harvesting? i have tried changing remote server so many times with no success. thanks

[jwiz168]

can anyone please tell me how to fix this "error 306 nis unexpected error" when trying delegated harvesting? i have tried changing remote server so many times with no success. thanks

boot first on localhost. Then try to make localhost NIS to synch. Once it synched, then test the remote NIS  for delegated harvesting.

[iTradeChips]

can anyone please tell me how to fix this "error 306 nis unexpected error" when trying delegated harvesting? i have tried changing remote server so many times with no success. thanks

boot first on localhost. Then try to make localhost NIS to synch. Once it synched, then test the remote NIS  for delegated harvesting.

how to do this? just put "localhost" as host under settings?

[jwiz168]

can anyone please tell me how to fix this "error 306 nis unexpected error" when trying delegated harvesting? i have tried changing remote server so many times with no success. thanks

boot first on localhost. Then try to make localhost NIS to synch. Once it synched, then test the remote NIS  for delegated harvesting.

how to do this? just put "localhost" as host under settings?

yup

[jelin1984]

i wait the time which will be at 6 place

[nembit86]

i wait the time which will be at 6 place

on cmc click on 'currencies' ...immediately we are at 7 th place.......take out irrelevant ltc and dogecoin and we are at 5 th place......is that ok for you ? .....

[fragout]

Nem is chasing the dog!

[rajc]

i wait the time which will be at 6 place

on cmc click on 'currencies' ...immediately we are at 7 th place.......take out irrelevant ltc and dogecoin and we are at 5 th place......is that ok for you ? .....

the same way you can take out also "irrelevant" Dash Ripple Etherum and Bitcoin and we re 1st!
but in reality we are not ..

[Scharfenberger]

Great new article about the potential of NEM!!!!

http://themerkle.us13.list-manage.com/track/click?u=64eca919c050c6f6792c170fd&id=3eb60ba77f&e=9a1ad3a4f1