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

[Alohaboy?!]

Total transactions per second:
    Visa: 24,000
    Ripple (CCC: XRP-USD): 1,500
    PayPal: 193
    Bitcoin Cash (CCC: BCH-USD): 60
    Litecoin (CCC: LTC-USD): 56
    Dash (CCC: DASH-USD): 48
    Ethereum (CCC: ETH-USD): 20
    Bitcoin (CCC: BTC-USD): 7



https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)



Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second


Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.

Now time for some fun facts that wikipedia won't tell you:

• a) in case of any problems visa is pushing responsibility onto the banks
• b) guess what, banks will push responsibility on you
• c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
  glad you ask, well see a) and b)
• d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
• e) there are many POSes, that do not require chip-based authorization
• f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
• g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros

So yeah, Heil VISA and let the banks live and prosper ❤️

Moreover, credit card issuers can easily block certain operations, like purchases of digital currency 
https://twitter.com/coinbase/status/960726774391828481

But in the same way there are banks cooperating with exchanges too. So only the major ones are in fear and want to retain their power

[Termie]

Vote for NEM to be added to bitindia.co
https://bitindia.co/vote.html

The session one will decide the addition of 5 Coins/Tokens which receive the maximum votes.
You can vote for 3 coins/tokens with your email address, the voting is free during the first session.

[Nistap]

Total transactions per second:
    Visa: 24,000
    Ripple (CCC: XRP-USD): 1,500
    PayPal: 193
    Bitcoin Cash (CCC: BCH-USD): 60
    Litecoin (CCC: LTC-USD): 56
    Dash (CCC: DASH-USD): 48
    Ethereum (CCC: ETH-USD): 20
    Bitcoin (CCC: BTC-USD): 7



https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal
VISA can handle on average around 1,700 transactions per second (tps), call it a daily peak rate of 4,000 tps.
PayPal, in contrast, handled around 10 million transactions per day for an average of 115 tps in late 2014.
Today the Bitcoin network is restricted to a sustained rate of 7 tps due
Iota can already handle between 500-800 tps.
Ethereum – 20 transactions per second (Cost= 0.01-0.1 USD+)



Only of those above, which itself advertises its speed is VISA
https://en.wikipedia.org/wiki/Visa_Inc.
can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second


Is this the raw truth?
If it is, that makes two things true.
Crypto currencies are too slow for real world usage. And therefore LemonAndFries had it right:NEM is an experimental.

Now time for some fun facts that wikipedia won't tell you:

• a) in case of any problems visa is pushing responsibility onto the banks
• b) guess what, banks will push responsibility on you
• c) they can achieve such speed, mostly cause they don't friggin care about double spends, why?
  glad you ask, well see a) and b)
• d) if your card will get cloned and used in some other country - guess what you'll be charged, getting money back often takes few months... (mind cloned not stolen, in case of stealing, chargeback to the rescue)
• e) there are many POSes, that do not require chip-based authorization
• f) even worse, there are places, that do not require your PIN when using magnetic stripe - only your signature - you might be lucky if someone will use your stolen card in this way, cause in this case banks often shift responsibility onto seller, and he'll have to cover for his loss
• g) banks have limits on the losses they cover, so i) they will not cover if there was not enough funds stolen ii) usually there's some upper limit as well (although it'd be highly unlikely to get past it - i.e. you shouldn't keep that much money on account associated with your credit/debit card)) in EU it's several thousand of euros

So yeah, Heil VISA and let the banks live and prosper ❤️

If NEM can really reach 4000 transactions per second with the Catapult release, it will be faster than Ripple. Or is this speed only reached with the private chain and not with the public chain?

[zakon4ik]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

[ruletheworld]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

It's been that way since the Coincheck hack. I guess the exchanges want to be careful and try and track any movement of the stolen NEM. If the hacker wants out, exchanges are the easiest way to go in general.

[tbandy]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

It's been that way since the Coincheck hack. I guess the exchanges want to be careful and try and track any movement of the stolen NEM. If the hacker wants out, exchanges are the easiest way to go in general.

The wallet shows the red flag but you can buy or sell NEM at Bittrex   

[Minabo]

Maybe someone could help me. I downloaded the NEM application wallet to my iPhone and now I can't transfer NEM from it. I have no sense what to do and how to transfer NEM from application to any exchange.
 

[Minabo]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

I suppose they have much technical improvements to make in the nearest future... 

[gentlemand]

Maybe someone could help me. I downloaded the NEM application wallet to my iPhone and now I can't transfer NEM from it. I have no sense what to do and how to transfer NEM from application to any exchange.
 

https://t.me/nemhelpdesk

[CryptonikaTrade]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

I suppose they have much technical improvements to make in the nearest future... 

Of course. And wallet will be online in near 1-2 days I think

[ANDREW 555]

NEMburger Launch in Australia (February 09)
https://coindar.org/en/event/nem-xem-nemburger-launch-in-australia-3169

[asdlolciterquit]

thank you! Just to be sure that i've understood right...the process is irreversible? So, if i connect my trezor to my nemwallet, there's no way to disconnect them? what happen if i lose my nem wallet.dat on my pc?

Everything is inside your Trezor and the account exists inside it the moment you install the firmware and note the seed. It creates a new account. There's no .wlt file. Everything is the Trezor seed. You're only using the computer to interface with the Trezor. Keep the seed safe and you'll be fine.

so, after i connect my trezor to my nemwallet, all the xem that i have inside my .wlt file right now will automatically go into my trezor? Or i have to make a transaction?

[BitcoinArsenal]

Maybe someone could help me. I downloaded the NEM application wallet to my iPhone and now I can't transfer NEM from it. I have no sense what to do and how to transfer NEM from application to any exchange.
 

Check this link here https://blog.nem.io/android-tutorial/ It describes the NEM mobile wallet app and its features. There is also a part which covers how to send XEM. The article is depicted with photos so it should be easily understandable. Ask if something is unclear.

[centner]

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

It's been that way since the Coincheck hack. I guess the exchanges want to be careful and try and track any movement of the stolen NEM. If the hacker wants out, exchanges are the easiest way to go in general.

The wallet shows the red flag but you can buy or sell NEM at Bittrex   

Now i hold my coins at Bittrex but i want to withdraw them and hold NEM in my wallet not at exchange.

[tbandy]

Vote for NEM to be added to bitindia.co
https://bitindia.co/vote.html

The session one will decide the addition of 5 Coins/Tokens which receive the maximum votes.
You can vote for 3 coins/tokens with your email address, the voting is free during the first session.

I just did but Wow only 1059 votes come on guys go vote for NEM to be listed at bitindia

[gentlemand]

so, after i connect my trezor to my nemwallet, all the xem that i have inside my .wlt file right now will automatically go into my trezor? Or i have to make a transaction?

No. Read what I wrote again.

[wiser]

I'm liking the way NEM's price is recovering. It's gradually increasing, but much more slowly than last time, which means the new gain will likely be more solid.

Here's hoping for a nice slow and steady rise all the way back to $2.00!

[SolarStorm]

I am trying to decide which app to vote on for the NEM Hackaton ( https://nemflash.io/official-poll-nem-global-hackathons-community-choice-award-2018/ ) and wow that's a hard choice, so many interesting projects !

the article does not say though if i should vote for only one or, say, the top 3 ?

[Alohaboy?!]

Vote for NEM to be added to bitindia.co
https://bitindia.co/vote.html

The session one will decide the addition of 5 Coins/Tokens which receive the maximum votes.
You can vote for 3 coins/tokens with your email address, the voting is free during the first session.

Will be more than hard to get in the top 5 I guess.

someone know what is going on on Bittrex, NEM-Wallet on Bittrex is offline since many days "Wallet-Offline Pending developer updates" . Are my NEM#s gone?

I suppose they have much technical improvements to make in the nearest future... 

Of course. And wallet will be online in near 1-2 days I think

I think they should be ready soon. But it´s necessary to double check

[kanways8]

I Like this project. i have hold some nem coins. What are the new events and new updates of nem in 2018. can experts predict how much will go in 2018 last this coin