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

[jelin1984]

The recently logo is the best

[1715294388]

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[wow!NotAgain]

forget change logo

keep same

wory logo change later

[grewalsatinder]

What makes NEM different or special over NXT?
I see NXT has proven to be continuous development progress throughout last year. They are far far better than other CryptoCurrency Developments. Much advanced.

It doesn't mean I'm saying NEM is nothing or offending NEM. I want know how big and faster NEM is in compare to NXT.

If I honestly say right now I have more confidence in NXT than any other CryptoCurrency. I'm new to NEM. Getting to know it bit by bit. Trying to understand where exactly NEM fits and shines.

Hi and welcome :-)  

I would like to speak to a few points that others haven't.  

There are many unique features that are new to NEM, such as:

- first use of Proof-of-Importance (PoI) as a consensus algorithm.  PoS is only what you have.  PoW is just what you do and how much electricity you burn.  But PoI is based on what you have and what you do, except it is not about pointless wastefulness, it is about people that actually use NEM.  In PoS people hoard.  That isn't actually good for a currency.  Currencies need to be live and spent.   In NEM if you are spending and people are spending to you, and all these are the right people (no gaming the system) then you actually help your PoI and thus help yourself.  So in NEM, you win not by hoarding the XEM, but by letting the XEM flow.  This is important with a currency.  In a way, the way you spend and the way people spends with you build your reputation.  PoI can be considered the first ever blockchain based reputation system.  

- first use of eigentrust++ in a cryptocurrency for securing the P2P network  (This allows each node to know if the node next to it is being honest and if not, then not listen to it)

- NEM has an amazing system where the NEM devs have successfully divided the network from the wallets.  This allows remote harvesting that others have mentioned, but it does other things too.  

Let me explain it to you like this.  Have you ever tried to use NXT?  It requires downloading the whole blockchain and that can take a day!  Sometimes it updates and it takes longer or crashes or corrupts.  NEM completely solves that problem.  Say you are at work and you need to make a transaction right now (maybe the price is moving or you need to buy something), with NXT that is impossible.  With NEM a computer that has the latest version of Java installed can then download them NEM file, install NEM, make a new wallet, import your private key, and send the money out all in under two minutes.  Yes, I have tested that and have done it, and this is all on a computer that hasn't ever seen a crypto before.  

And then, after all that is done, you can be a nice guy and let your whole blockchain sync and then support the network and let somebody else that was in your position be able to install NEM and be making transactions in under 2 minutes.  With NEM you have an opportunity to pay it forward.  And all this is completely safe.  The devs have made sure of that.  

- first use of transaction spam protection in a blockchain crypto  (Ripple has transaction spam protection, but NEM has a new technique.  In Ripple spam protection raises the fee price for all people sending on the network.  After the spam stops, the fees for all people go back down.  In NEM the spammers transactions get put in a que and if there really is that much spam, they would eventually time out.  The spammers in NEM can push their transactions through, but they will have to pay more and more fees.  There is also a high fee for people sending low XEM transactions.)


- first crypto with multisig on launch  (NEM’s multisig is way better than Bitcoins.  Think of Bitcoin’s multisig as 1.0 and NEM’s as 2.0 multisig.  At least the way I understand it to be that is because in Bitcoin’s multisig have to coordinate and sign outside of the blockchain, but NEM allows users to sign on their own leisure in their own time because NEM allows people to sign from within the blockchain.  This is the first time that a crypto has had blockchain based signing and it makes multisig a lot more user friendly and less technical.  

- first crypto with an egalitarian distribution to over 1500 individuals

- test-driven development with over 3000 unit tests in the core alone  (As far as we know the is a first in the world of crypto.  This is a very difficult way to write software and will help NEM to be very flexible in the future with a very solid foundational NIS.  It really can't be said just how important this is.  This kind of development is really difficult to do and is basically the type of development that you might find at a multi-million dollar software company, not a volunteer created crypto.)

- 60s block time with low variability due to a 60 block weighted, moving average (BloodyRookie worked on this for a long time.  It is important to have fairly regular and dependable blocktimes in a strong network)

- progressive transaction fees  (most cryptos have a static fee so this is very rarely implemented in a crypto, and again people trying to spam dust will pay much higher fees then a person trying to send one dollar.)

More…… NEM is the first ever platform to my knowledge that has P2P time stamping.  This was developed just for NEM and is a technology that has long been needed in the P2P world, not just crypto currency.  


In summary….. NEM devs are many, they are talented, and they don’t mess around.  

Thanks for another good insight to NEM @jabo38.

Instead of praise of one currency, I'd like to know more about it's working. Educating and learning makes one self not to get dirty with rubbish talk.

Hope to get more informational input from other NEM followers.

Cheers,
Satinder

[martismartis]

What makes NEM different or special over NXT?
I see NXT has proven to be continuous development progress throughout last year. They are far far better than other CryptoCurrency Developments. Much advanced.

It doesn't mean I'm saying NEM is nothing or offending NEM. I want know how big and faster NEM is in compare to NXT.

If I honestly say right now I have more confidence in NXT than any other CryptoCurrency. I'm new to NEM. Getting to know it bit by bit. Trying to understand where exactly NEM fits and shines.

Hi and welcome :-) 

I would like to speak to a few points that others haven't. 

There are many unique features that are new to NEM, such as:

- first use of Proof-of-Importance (PoI) as a consensus algorithm.  PoS is only what you have.  PoW is just what you do and how much electricity you burn.  But PoI is based on what you have and what you do, except it is not about pointless wastefulness, it is about people that actually use NEM.  In PoS people hoard.  That isn't actually good for a currency.  Currencies need to be live and spent.   In NEM if you are spending and people are spending to you, and all these are the right people (no gaming the system) then you actually help your PoI and thus help yourself.  So in NEM, you win not by hoarding the XEM, but by letting the XEM flow.  This is important with a currency.  In a way, the way you spend and the way people spends with you build your reputation.  PoI can be considered the first ever blockchain based reputation system.   

- first use of eigentrust++ in a cryptocurrency for securing the P2P network  (This allows each node to know if the node next to it is being honest and if not, then not listen to it)

- NEM has an amazing system where the NEM devs have successfully divided the network from the wallets.  This allows remote harvesting that others have mentioned, but it does other things too. 

Let me explain it to you like this.  Have you ever tried to use NXT?  It requires downloading the whole blockchain and that can take a day!  Sometimes it updates and it takes longer or crashes or corrupts.  NEM completely solves that problem.  Say you are at work and you need to make a transaction right now (maybe the price is moving or you need to buy something), with NXT that is impossible.  With NEM a computer that has the latest version of Java installed can then download them NEM file, install NEM, make a new wallet, import your private key, and send the money out all in under two minutes.  Yes, I have tested that and have done it, and this is all on a computer that hasn't ever seen a crypto before. 

And then, after all that is done, you can be a nice guy and let your whole blockchain sync and then support the network and let somebody else that was in your position be able to install NEM and be making transactions in under 2 minutes.  With NEM you have an opportunity to pay it forward.  And all this is completely safe.  The devs have made sure of that. 

- first use of transaction spam protection in a blockchain crypto  (Ripple has transaction spam protection, but NEM has a new technique.  In Ripple spam protection raises the fee price for all people sending on the network.  After the spam stops, the fees for all people go back down.  In NEM the spammers transactions get put in a que and if there really is that much spam, they would eventually time out.  The spammers in NEM can push their transactions through, but they will have to pay more and more fees.  There is also a high fee for people sending low XEM transactions.)


- first crypto with multisig on launch  (NEM’s multisig is way better than Bitcoins.  Think of Bitcoin’s multisig as 1.0 and NEM’s as 2.0 multisig.  At least the way I understand it to be that is because in Bitcoin’s multisig have to coordinate and sign outside of the blockchain, but NEM allows users to sign on their own leisure in their own time because NEM allows people to sign from within the blockchain.  This is the first time that a crypto has had blockchain based signing and it makes multisig a lot more user friendly and less technical. 

- first crypto with an egalitarian distribution to over 1500 individuals

- test-driven development with over 3000 unit tests in the core alone  (As far as we know the is a first in the world of crypto.  This is a very difficult way to write software and will help NEM to be very flexible in the future with a very solid foundational NIS.  It really can't be said just how important this is.  This kind of development is really difficult to do and is basically the type of development that you might find at a multi-million dollar software company, not a volunteer created crypto.)

- 60s block time with low variability due to a 60 block weighted, moving average (BloodyRookie worked on this for a long time.  It is important to have fairly regular and dependable blocktimes in a strong network)

- progressive transaction fees  (most cryptos have a static fee so this is very rarely implemented in a crypto, and again people trying to spam dust will pay much higher fees then a person trying to send one dollar.)

More…… NEM is the first ever platform to my knowledge that has P2P time stamping.  This was developed just for NEM and is a technology that has long been needed in the P2P world, not just crypto currency. 


In summary….. NEM devs are many, they are talented, and they don’t mess around. 

Bolded part.

In NXT, you can use online wallet at www.mynxt.info. If you want to trade assets, you can use secureae.com and open your account only entering your passphrase here (which is safe). I run my public node with port opened for API, etc, when I need urgent, I use my public node and everything I need is to enter my account passphrase, no java install, no client install, no wallet creation, no having private key with myself. So I don't see any advantage of NEM at this point.

[grewalsatinder]

What makes NEM different or special over NXT?
I see NXT has proven to be continuous development progress throughout last year. They are far far better than other CryptoCurrency Developments. Much advanced.

It doesn't mean I'm saying NEM is nothing or offending NEM. I want know how big and faster NEM is in compare to NXT.

If I honestly say right now I have more confidence in NXT than any other CryptoCurrency. I'm new to NEM. Getting to know it bit by bit. Trying to understand where exactly NEM fits and shines.

Hi and welcome :-)  

I would like to speak to a few points that others haven't.  

There are many unique features that are new to NEM, such as:

- first use of Proof-of-Importance (PoI) as a consensus algorithm.  PoS is only what you have.  PoW is just what you do and how much electricity you burn.  But PoI is based on what you have and what you do, except it is not about pointless wastefulness, it is about people that actually use NEM.  In PoS people hoard.  That isn't actually good for a currency.  Currencies need to be live and spent.   In NEM if you are spending and people are spending to you, and all these are the right people (no gaming the system) then you actually help your PoI and thus help yourself.  So in NEM, you win not by hoarding the XEM, but by letting the XEM flow.  This is important with a currency.  In a way, the way you spend and the way people spends with you build your reputation.  PoI can be considered the first ever blockchain based reputation system.  

- first use of eigentrust++ in a cryptocurrency for securing the P2P network  (This allows each node to know if the node next to it is being honest and if not, then not listen to it)

- NEM has an amazing system where the NEM devs have successfully divided the network from the wallets.  This allows remote harvesting that others have mentioned, but it does other things too.  

Let me explain it to you like this.  Have you ever tried to use NXT?  It requires downloading the whole blockchain and that can take a day!  Sometimes it updates and it takes longer or crashes or corrupts.  NEM completely solves that problem.  Say you are at work and you need to make a transaction right now (maybe the price is moving or you need to buy something), with NXT that is impossible.  With NEM a computer that has the latest version of Java installed can then download them NEM file, install NEM, make a new wallet, import your private key, and send the money out all in under two minutes.  Yes, I have tested that and have done it, and this is all on a computer that hasn't ever seen a crypto before.  

And then, after all that is done, you can be a nice guy and let your whole blockchain sync and then support the network and let somebody else that was in your position be able to install NEM and be making transactions in under 2 minutes.  With NEM you have an opportunity to pay it forward.  And all this is completely safe.  The devs have made sure of that.  

- first use of transaction spam protection in a blockchain crypto  (Ripple has transaction spam protection, but NEM has a new technique.  In Ripple spam protection raises the fee price for all people sending on the network.  After the spam stops, the fees for all people go back down.  In NEM the spammers transactions get put in a que and if there really is that much spam, they would eventually time out.  The spammers in NEM can push their transactions through, but they will have to pay more and more fees.  There is also a high fee for people sending low XEM transactions.)


- first crypto with multisig on launch  (NEM’s multisig is way better than Bitcoins.  Think of Bitcoin’s multisig as 1.0 and NEM’s as 2.0 multisig.  At least the way I understand it to be that is because in Bitcoin’s multisig have to coordinate and sign outside of the blockchain, but NEM allows users to sign on their own leisure in their own time because NEM allows people to sign from within the blockchain.  This is the first time that a crypto has had blockchain based signing and it makes multisig a lot more user friendly and less technical.  

- first crypto with an egalitarian distribution to over 1500 individuals

- test-driven development with over 3000 unit tests in the core alone  (As far as we know the is a first in the world of crypto.  This is a very difficult way to write software and will help NEM to be very flexible in the future with a very solid foundational NIS.  It really can't be said just how important this is.  This kind of development is really difficult to do and is basically the type of development that you might find at a multi-million dollar software company, not a volunteer created crypto.)

- 60s block time with low variability due to a 60 block weighted, moving average (BloodyRookie worked on this for a long time.  It is important to have fairly regular and dependable blocktimes in a strong network)

- progressive transaction fees  (most cryptos have a static fee so this is very rarely implemented in a crypto, and again people trying to spam dust will pay much higher fees then a person trying to send one dollar.)

More…… NEM is the first ever platform to my knowledge that has P2P time stamping.  This was developed just for NEM and is a technology that has long been needed in the P2P world, not just crypto currency.  


In summary….. NEM devs are many, they are talented, and they don’t mess around.  

Yes, I have experienced the blockchain download with NXT. But, recently NXT also launched their NXT Lite client, which doesn't need to download Blockchain and it linkes to public NXT nodes and just works, very similar to Electrum wallet, but same NXT web interface.
 - For this point I take NXT and NEM at same level. None of them is bigger or smaller from each other.

With NXT people already whine about 1 NXT as fees, and they demand in future versions of NXT to make it change as variable or to lower this as fee for every kind of transaction.
 - Don't you think high fee for lower amount and less fee for higher amount of transactions in NEM will make more people complain about NEM's transaction it?

Didn't heard of transaction SPAM before. Seems interesting topic.
 - SPAM filtering at first stages of development is usually buggy, and it needs a lot of training and refinement to make it work correctly. I remember before Gmail, how frustrating SPAMs were to me with other Email services.
 - How's NEM's transaction SPAM so far in it's refinement and accuracy? If an account is sending multiple transactions as a dividend to hundreds of account, or may be just sending one after another transaction to it's own few accounts or may be to single account, I wonder if those transactions gets treated as SPAM. Just want to know how Solid NEM's transaction SPAM mechanism has been developed, so it's not irritating for new users coming to NEM and see unknown delays in their transactions or just being timed out.

Cheers

[nembit86]

What makes NEM different or special over NXT?
I see NXT has proven to be continuous development progress throughout last year. They are far far better than other CryptoCurrency Developments. Much advanced.

It doesn't mean I'm saying NEM is nothing or offending NEM. I want know how big and faster NEM is in compare to NXT.

If I honestly say right now I have more confidence in NXT than any other CryptoCurrency. I'm new to NEM. Getting to know it bit by bit. Trying to understand where exactly NEM fits and shines.

Hi and welcome :-) 

I would like to speak to a few points that others haven't. 

There are many unique features that are new to NEM, such as:

- first use of Proof-of-Importance (PoI) as a consensus algorithm.  PoS is only what you have.  PoW is just what you do and how much electricity you burn.  But PoI is based on what you have and what you do, except it is not about pointless wastefulness, it is about people that actually use NEM.  In PoS people hoard.  That isn't actually good for a currency.  Currencies need to be live and spent.   In NEM if you are spending and people are spending to you, and all these are the right people (no gaming the system) then you actually help your PoI and thus help yourself.  So in NEM, you win not by hoarding the XEM, but by letting the XEM flow.  This is important with a currency.  In a way, the way you spend and the way people spends with you build your reputation.  PoI can be considered the first ever blockchain based reputation system.   

- first use of eigentrust++ in a cryptocurrency for securing the P2P network  (This allows each node to know if the node next to it is being honest and if not, then not listen to it)

- NEM has an amazing system where the NEM devs have successfully divided the network from the wallets.  This allows remote harvesting that others have mentioned, but it does other things too. 

Let me explain it to you like this.  Have you ever tried to use NXT?  It requires downloading the whole blockchain and that can take a day!  Sometimes it updates and it takes longer or crashes or corrupts.  NEM completely solves that problem.  Say you are at work and you need to make a transaction right now (maybe the price is moving or you need to buy something), with NXT that is impossible.  With NEM a computer that has the latest version of Java installed can then download them NEM file, install NEM, make a new wallet, import your private key, and send the money out all in under two minutes.  Yes, I have tested that and have done it, and this is all on a computer that hasn't ever seen a crypto before. 

And then, after all that is done, you can be a nice guy and let your whole blockchain sync and then support the network and let somebody else that was in your position be able to install NEM and be making transactions in under 2 minutes.  With NEM you have an opportunity to pay it forward.  And all this is completely safe.  The devs have made sure of that. 

- first use of transaction spam protection in a blockchain crypto  (Ripple has transaction spam protection, but NEM has a new technique.  In Ripple spam protection raises the fee price for all people sending on the network.  After the spam stops, the fees for all people go back down.  In NEM the spammers transactions get put in a que and if there really is that much spam, they would eventually time out.  The spammers in NEM can push their transactions through, but they will have to pay more and more fees.  There is also a high fee for people sending low XEM transactions.)


- first crypto with multisig on launch  (NEM’s multisig is way better than Bitcoins.  Think of Bitcoin’s multisig as 1.0 and NEM’s as 2.0 multisig.  At least the way I understand it to be that is because in Bitcoin’s multisig have to coordinate and sign outside of the blockchain, but NEM allows users to sign on their own leisure in their own time because NEM allows people to sign from within the blockchain.  This is the first time that a crypto has had blockchain based signing and it makes multisig a lot more user friendly and less technical. 

- first crypto with an egalitarian distribution to over 1500 individuals

- test-driven development with over 3000 unit tests in the core alone  (As far as we know the is a first in the world of crypto.  This is a very difficult way to write software and will help NEM to be very flexible in the future with a very solid foundational NIS.  It really can't be said just how important this is.  This kind of development is really difficult to do and is basically the type of development that you might find at a multi-million dollar software company, not a volunteer created crypto.)

- 60s block time with low variability due to a 60 block weighted, moving average (BloodyRookie worked on this for a long time.  It is important to have fairly regular and dependable blocktimes in a strong network)

- progressive transaction fees  (most cryptos have a static fee so this is very rarely implemented in a crypto, and again people trying to spam dust will pay much higher fees then a person trying to send one dollar.)

More…… NEM is the first ever platform to my knowledge that has P2P time stamping.  This was developed just for NEM and is a technology that has long been needed in the P2P world, not just crypto currency. 


In summary….. NEM devs are many, they are talented, and they don’t mess around. 

Bolded part.

In NXT, you can use online wallet at www.mynxt.info. If you want to trade assets, you can use secureae.com and open your account only entering your passphrase here (which is safe). I run my public node with port opened for API, etc, when I need urgent, I use my public node and everything I need is to enter my account passphrase, no java install, no client install, no wallet creation, no having private key with myself. So I don't see any advantage of NEM at this point.

well, we also have a large bunch of NEMbers that hang out in Telegram which leads to having a really good laugh most of the time but it can get serious too and this leads to all sorts of new initiatives and ideas getting discussed. I think we have up to about 20 initiatives where we are laying foundations for future implimentations. We expect more talent to join soon..........

[grewalsatinder]

What makes NEM different or special over NXT?
I see NXT has proven to be continuous development progress throughout last year. They are far far better than other CryptoCurrency Developments. Much advanced.

It doesn't mean I'm saying NEM is nothing or offending NEM. I want know how big and faster NEM is in compare to NXT.

If I honestly say right now I have more confidence in NXT than any other CryptoCurrency. I'm new to NEM. Getting to know it bit by bit. Trying to understand where exactly NEM fits and shines.

Hi and welcome :-) 

I would like to speak to a few points that others haven't. 

There are many unique features that are new to NEM, such as:

- first use of Proof-of-Importance (PoI) as a consensus algorithm.  PoS is only what you have.  PoW is just what you do and how much electricity you burn.  But PoI is based on what you have and what you do, except it is not about pointless wastefulness, it is about people that actually use NEM.  In PoS people hoard.  That isn't actually good for a currency.  Currencies need to be live and spent.   In NEM if you are spending and people are spending to you, and all these are the right people (no gaming the system) then you actually help your PoI and thus help yourself.  So in NEM, you win not by hoarding the XEM, but by letting the XEM flow.  This is important with a currency.  In a way, the way you spend and the way people spends with you build your reputation.  PoI can be considered the first ever blockchain based reputation system.   

- first use of eigentrust++ in a cryptocurrency for securing the P2P network  (This allows each node to know if the node next to it is being honest and if not, then not listen to it)

- NEM has an amazing system where the NEM devs have successfully divided the network from the wallets.  This allows remote harvesting that others have mentioned, but it does other things too. 

Let me explain it to you like this.  Have you ever tried to use NXT?  It requires downloading the whole blockchain and that can take a day!  Sometimes it updates and it takes longer or crashes or corrupts.  NEM completely solves that problem.  Say you are at work and you need to make a transaction right now (maybe the price is moving or you need to buy something), with NXT that is impossible.  With NEM a computer that has the latest version of Java installed can then download them NEM file, install NEM, make a new wallet, import your private key, and send the money out all in under two minutes.  Yes, I have tested that and have done it, and this is all on a computer that hasn't ever seen a crypto before. 

And then, after all that is done, you can be a nice guy and let your whole blockchain sync and then support the network and let somebody else that was in your position be able to install NEM and be making transactions in under 2 minutes.  With NEM you have an opportunity to pay it forward.  And all this is completely safe.  The devs have made sure of that. 

- first use of transaction spam protection in a blockchain crypto  (Ripple has transaction spam protection, but NEM has a new technique.  In Ripple spam protection raises the fee price for all people sending on the network.  After the spam stops, the fees for all people go back down.  In NEM the spammers transactions get put in a que and if there really is that much spam, they would eventually time out.  The spammers in NEM can push their transactions through, but they will have to pay more and more fees.  There is also a high fee for people sending low XEM transactions.)


- first crypto with multisig on launch  (NEM’s multisig is way better than Bitcoins.  Think of Bitcoin’s multisig as 1.0 and NEM’s as 2.0 multisig.  At least the way I understand it to be that is because in Bitcoin’s multisig have to coordinate and sign outside of the blockchain, but NEM allows users to sign on their own leisure in their own time because NEM allows people to sign from within the blockchain.  This is the first time that a crypto has had blockchain based signing and it makes multisig a lot more user friendly and less technical. 

- first crypto with an egalitarian distribution to over 1500 individuals

- test-driven development with over 3000 unit tests in the core alone  (As far as we know the is a first in the world of crypto.  This is a very difficult way to write software and will help NEM to be very flexible in the future with a very solid foundational NIS.  It really can't be said just how important this is.  This kind of development is really difficult to do and is basically the type of development that you might find at a multi-million dollar software company, not a volunteer created crypto.)

- 60s block time with low variability due to a 60 block weighted, moving average (BloodyRookie worked on this for a long time.  It is important to have fairly regular and dependable blocktimes in a strong network)

- progressive transaction fees  (most cryptos have a static fee so this is very rarely implemented in a crypto, and again people trying to spam dust will pay much higher fees then a person trying to send one dollar.)

More…… NEM is the first ever platform to my knowledge that has P2P time stamping.  This was developed just for NEM and is a technology that has long been needed in the P2P world, not just crypto currency. 


In summary….. NEM devs are many, they are talented, and they don’t mess around. 

Bolded part.

In NXT, you can use online wallet at www.mynxt.info. If you want to trade assets, you can use secureae.com and open your account only entering your passphrase here (which is safe). I run my public node with port opened for API, etc, when I need urgent, I use my public node and everything I need is to enter my account passphrase, no java install, no client install, no wallet creation, no having private key with myself. So I don't see any advantage of NEM at this point.

You forgot to mention the recent release of NXT Lite.

Also, I saw few SuperNET wallets in development which are NXT based. seems cool.

[grewalsatinder]

NEM is currently closed source.

When NEM plans to make it open source to community, so other developers can take a look at the NEM code and give their own views on it's code base. How good or bad it is.

NEM is planing to keep it's source code closed or will make it available open source??

[NoirSuccubus]

The bearish trend looks to be over for bitcoin, we've just crawled up past $280. Its looking to be a great time to launch NEM if development is ready.  

[zanzibar]

Yeah, NEM really needs to launch soon, I've been running a client for some time and seems to be stable.

[nzminer]

Please vote on branding for NEM!
https://docs.google.com/forms/d/1ULn0uo9MVXyTSQNeLKv9iJBlgx23kXSa-TG_AQ1w6Kk/viewform?usp=send_form

I voted for the globe one!

Yes i do agree our current logo looks too much like the destiny logo, the al-Jazeera looking logo should not even be a candidate IMO though!

[zanzibar]

The main difference is that Nxt has launched and been stable for over a year with a number of features that NEM doesn't have.  NEM hasn't launched, so you can't really compare them. 

[0nlyBTC]

Looks good and would not need to change images on vice or on the coins

Hex Globe + Hex NEM symbol = WIN

Can we get a real concept rendered already for the voting?

[lordoliver]

Looks good and would not need to change images on vice or on the coins

Hex Globe + Hex NEM symbol = WIN

Can we get a real concept rendered already?

When will you guys realize, that its not about the logo...
btw. a logo should not be so complex. the simpler the better.

[0nlyBTC]

Looks good and would not need to change images on vice or on the coins

Hex Globe + Hex NEM symbol = WIN

Can we get a real concept rendered already?

When will you guys realize, that its not about the logo...

Elaborate please.

[lordoliver]

Looks good and would not need to change images on vice or on the coins

Hex Globe + Hex NEM symbol = WIN

Can we get a real concept rendered already?

When will you guys realize, that its not about the logo...

Elaborate please.

do you want to say, that the doge logo is good? ;-)

[jabo38]

What makes NEM different or special over NXT?
I see NXT has proven to be continuous development progress throughout last year. They are far far better than other CryptoCurrency Developments. Much advanced.

It doesn't mean I'm saying NEM is nothing or offending NEM. I want know how big and faster NEM is in compare to NXT.

If I honestly say right now I have more confidence in NXT than any other CryptoCurrency. I'm new to NEM. Getting to know it bit by bit. Trying to understand where exactly NEM fits and shines.

Hi and welcome :-) 

I would like to speak to a few points that others haven't. 

There are many unique features that are new to NEM, such as:

- first use of Proof-of-Importance (PoI) as a consensus algorithm.  PoS is only what you have.  PoW is just what you do and how much electricity you burn.  But PoI is based on what you have and what you do, except it is not about pointless wastefulness, it is about people that actually use NEM.  In PoS people hoard.  That isn't actually good for a currency.  Currencies need to be live and spent.   In NEM if you are spending and people are spending to you, and all these are the right people (no gaming the system) then you actually help your PoI and thus help yourself.  So in NEM, you win not by hoarding the XEM, but by letting the XEM flow.  This is important with a currency.  In a way, the way you spend and the way people spends with you build your reputation.  PoI can be considered the first ever blockchain based reputation system.   

- first use of eigentrust++ in a cryptocurrency for securing the P2P network  (This allows each node to know if the node next to it is being honest and if not, then not listen to it)

- NEM has an amazing system where the NEM devs have successfully divided the network from the wallets.  This allows remote harvesting that others have mentioned, but it does other things too. 

Let me explain it to you like this.  Have you ever tried to use NXT?  It requires downloading the whole blockchain and that can take a day!  Sometimes it updates and it takes longer or crashes or corrupts.  NEM completely solves that problem.  Say you are at work and you need to make a transaction right now (maybe the price is moving or you need to buy something), with NXT that is impossible.  With NEM a computer that has the latest version of Java installed can then download them NEM file, install NEM, make a new wallet, import your private key, and send the money out all in under two minutes.  Yes, I have tested that and have done it, and this is all on a computer that hasn't ever seen a crypto before. 

And then, after all that is done, you can be a nice guy and let your whole blockchain sync and then support the network and let somebody else that was in your position be able to install NEM and be making transactions in under 2 minutes.  With NEM you have an opportunity to pay it forward.  And all this is completely safe.  The devs have made sure of that. 

- first use of transaction spam protection in a blockchain crypto  (Ripple has transaction spam protection, but NEM has a new technique.  In Ripple spam protection raises the fee price for all people sending on the network.  After the spam stops, the fees for all people go back down.  In NEM the spammers transactions get put in a que and if there really is that much spam, they would eventually time out.  The spammers in NEM can push their transactions through, but they will have to pay more and more fees.  There is also a high fee for people sending low XEM transactions.)


- first crypto with multisig on launch  (NEM’s multisig is way better than Bitcoins.  Think of Bitcoin’s multisig as 1.0 and NEM’s as 2.0 multisig.  At least the way I understand it to be that is because in Bitcoin’s multisig have to coordinate and sign outside of the blockchain, but NEM allows users to sign on their own leisure in their own time because NEM allows people to sign from within the blockchain.  This is the first time that a crypto has had blockchain based signing and it makes multisig a lot more user friendly and less technical. 

- first crypto with an egalitarian distribution to over 1500 individuals

- test-driven development with over 3000 unit tests in the core alone  (As far as we know the is a first in the world of crypto.  This is a very difficult way to write software and will help NEM to be very flexible in the future with a very solid foundational NIS.  It really can't be said just how important this is.  This kind of development is really difficult to do and is basically the type of development that you might find at a multi-million dollar software company, not a volunteer created crypto.)

- 60s block time with low variability due to a 60 block weighted, moving average (BloodyRookie worked on this for a long time.  It is important to have fairly regular and dependable blocktimes in a strong network)

- progressive transaction fees  (most cryptos have a static fee so this is very rarely implemented in a crypto, and again people trying to spam dust will pay much higher fees then a person trying to send one dollar.)

More…… NEM is the first ever platform to my knowledge that has P2P time stamping.  This was developed just for NEM and is a technology that has long been needed in the P2P world, not just crypto currency. 


In summary….. NEM devs are many, they are talented, and they don’t mess around. 

Bolded part.

In NXT, you can use online wallet at www.mynxt.info. If you want to trade assets, you can use secureae.com and open your account only entering your passphrase here (which is safe). I run my public node with port opened for API, etc, when I need urgent, I use my public node and everything I need is to enter my account passphrase, no java install, no client install, no wallet creation, no having private key with myself. So I don't see any advantage of NEM at this point.

oh no :-( I really don't want to have a contest to see whose XXXX is the longest on this thread.  

Let me just say really quick, though that none of your answers addressed the situation I gave.  Again, lets say I am just a regular guy and I am at work.  Two weeks ago I bought some NXT on exchange, didn't want to keep it on the exchange, and then downloaded the blockchain and safely stored it away.  Now the price is moving, and I wan't to sell.  How can I do that?  www.mynxt.info requires you to make a user name and password (I tried to set up an account and test it before writing this, but my verification email came didn't ever come) and I am guessing they also have control over your private key.  So logging in to mynxt.info won't help me, they don't have my funds.  On top of that, it is very dangerous leaving one's money on a centralized service that has your coins.  If an exchange goes down, they take your coins, and I am guessing again that if mynxt.info goes down, they take your coins.  

The exact same case is true with secureae.com.  On top of that, my experiences with securea.com has taken hours in the past for me to move a bitcoin in and a NEMstake out.  To be fair, this is still better than NEM's assets because NEM doesn't have any. hahahahaha.  But if/when NEM does, I am sure it will be much better.  

Lastly, it is fine for NXT whales to be running their own private node, but the regular people don't do that.  

On top of that, I am guess that there is still a way for you to lose your coins if you are broadcasting your pass phrase over the internet.  (in next passphrase more or less equals the private key)

Again, in NEM, I can download the very light client, install it, and connect to any open node on the NEM network and start borrowing their blockchain in the cloud without fear or worry, and no using some centralized service that can steal my funds or my private key=pass phrase will be compromised.  In a way you can say that NEM is the very first crypto to have safe cloudchains for you make use of.  

Now, in another post, somebody else mentioned some kind of new NXT lite client.  I will have to check that out and see how well it works.  If it can be downloaded and installed and can make transactions without broadcasting the passphrase, that is a huge win for NXT.

This whole topic started because a newbie asked an honest question.  He said he thought NXT is the best crypto out there and wanted to know why some people like NEM.  Well.... I have to say I agree with him.  I am not a NXT hater.  Actually, like him, I think that NXT is right now the most advanced crypto.  That said, I think NEM is building itself up right from the ground up from day 1 will make it a great cypto too, if not actually much better.  
 

[jabo38]

 

Yes, I have experienced the blockchain download with NXT. But, recently NXT also launched their NXT Lite client, which doesn't need to download Blockchain and it linkes to public NXT nodes and just works, very similar to Electrum wallet, but same NXT web interface.
 - For this point I take NXT and NEM at same level. None of them is bigger or smaller from each other.

With NXT people already whine about 1 NXT as fees, and they demand in future versions of NXT to make it change as variable or to lower this as fee for every kind of transaction.
 - Don't you think high fee for lower amount and less fee for higher amount of transactions in NEM will make more people complain about NEM's transaction it?

Didn't heard of transaction SPAM before. Seems interesting topic.
 - SPAM filtering at first stages of development is usually buggy, and it needs a lot of training and refinement to make it work correctly. I remember before Gmail, how frustrating SPAMs were to me with other Email services.
 - How's NEM's transaction SPAM so far in it's refinement and accuracy? If an account is sending multiple transactions as a dividend to hundreds of account, or may be just sending one after another transaction to it's own few accounts or may be to single account, I wonder if those transactions gets treated as SPAM. Just want to know how Solid NEM's transaction SPAM mechanism has been developed, so it's not irritating for new users coming to NEM and see unknown delays in their transactions or just being timed out.

Cheers

Hi again :-)

I need to check out the new NXT lite program and see how it works.  I think you are referring to this one?  https://nxtforum.org/general-discussion/(ann)-nxtlite/  I just downloaded it and tried it out (but not with my real passphrase) and it looked pretty nice.

As for the fees changing in NXT, I don't think they are going to change.  I think you are being lied too.  People in NXT have been saying they will change the fees for over a year.  Seriously, you can search for threads and discussions about it more than a year old.  Yet it hasn't happened.  The truth is the NXT whales like high fees.  They make money off it, and they won't let that go.   

The spam protection in NEM is already working sooooo well, no bugs.  For instance since I started spamming last night, I have already sent 14,000 transactions.  Hahahahaha.  Trust me, this function is very well tested in NEM. 

[grewalsatinder]

 

Yes, I have experienced the blockchain download with NXT. But, recently NXT also launched their NXT Lite client, which doesn't need to download Blockchain and it linkes to public NXT nodes and just works, very similar to Electrum wallet, but same NXT web interface.
 - For this point I take NXT and NEM at same level. None of them is bigger or smaller from each other.

With NXT people already whine about 1 NXT as fees, and they demand in future versions of NXT to make it change as variable or to lower this as fee for every kind of transaction.
 - Don't you think high fee for lower amount and less fee for higher amount of transactions in NEM will make more people complain about NEM's transaction it?

Didn't heard of transaction SPAM before. Seems interesting topic.
 - SPAM filtering at first stages of development is usually buggy, and it needs a lot of training and refinement to make it work correctly. I remember before Gmail, how frustrating SPAMs were to me with other Email services.
 - How's NEM's transaction SPAM so far in it's refinement and accuracy? If an account is sending multiple transactions as a dividend to hundreds of account, or may be just sending one after another transaction to it's own few accounts or may be to single account, I wonder if those transactions gets treated as SPAM. Just want to know how Solid NEM's transaction SPAM mechanism has been developed, so it's not irritating for new users coming to NEM and see unknown delays in their transactions or just being timed out.

Cheers

Hi again :-)

I need to check out the new NXT lite program and see how it works.  I think you are referring to this one?  https://nxtforum.org/general-discussion/(ann)-nxtlite/  I just downloaded it and tried it out (but not with my real passphrase) and it looked pretty nice.

As for the fees changing in NXT, I don't think they are going to change.  I think you are being lied too.  People in NXT have been saying they will change the fees for over a year.  Seriously, you can search for threads and discussions about it more than a year old.  Yet it hasn't happened.  The truth is the NXT whales like high fees.  They make money off it, and they won't let that go.   

The spam protection in NEM is already working sooooo well, no bugs.  For instance since I started spamming last night, I have already sent 14,000 transactions.  Hahahahaha.  Trust me, this function is very well tested in NEM. 

Yes, that's the thread.

Is there more detail available on SPAM management feature of NEM? I'll put that to my to read list.

[makoto1337]

Please vote on branding for NEM!
https://docs.google.com/forms/d/1ULn0uo9MVXyTSQNeLKv9iJBlgx23kXSa-TG_AQ1w6Kk/viewform?usp=send_form

just so everyone knows, even though you have to log in(to try and prevent vote spamming) the form saves each vote annon.. so user names are not saved.

Logos up for voting:

Good idea, lets reopen the logo debate once again, so we have another focus than launching...
btw, when is NEM gonna launch? When can I finally sell of my stake?

Oh Wow!  Everyone please vote

is this the part where we point out what we see in those ink stains O_o ?
Srsly what are some of those supposed to be ? (I know that they are supposed to be phoenix and angels and what not I just find it utterly absurd)

seriously... i am ok with the first 3 proposals, no question. no offense but the last 7 have to be a joke. angle and phoenix? i remember someone here said, NEM deserves the best. i didnt know that this means a logo created in paint with some esoteric backround. as i said, no offense, but thats embarrassing.

NEM deserves more than just random geometric shapes. It would tread new ground in crypto if we had a symbol that was meaningful to humans.