What is the future of NEM?
The NEM was originally part of a wider effort to shift to a new economy based on financial freedom, decentralization and efficient transactions.
While the cryptocurrency field as a whole is part of that movement, the NEM sensed that bitcoin’s system was inherently rigged and it was not meant to be a currency for the future as it wasn't designed to get inflated over time. The NEM may not be able to change the entire economic outlook in the future but its stellar features are here to stay.
NEM (XEM) $40 Price Prediction by 2021. Here's why...
Its crypto wallet Nano Wallet will also help the currency in the long-term.
Who created NEM? The NEM was created by Makoto Takemiya, the former CEO of Soramitsu who has worked with the Linux project’s Hyperledger system. Takemiya’s work on NEM was around the same time the Japanese government legalized the sale/purchase of bitcoins and other cryptocurrencies.
Since NEM had originated from Japan itself, there was a lot of interest in the new cryptocurrency and resulted in major gains for the currency initially.
Mr Takemiya is no longer associated with the development of the NEM system though.
Can you mine NEM XEM tokens? Mining XEM tokens is called harvesting and you can use your computing power to harvest these tokens. You generate new blocks and earn transaction fees of that block as a reward.
Your data, your experience
There are two ways by which you can harvest your coins, local harvesting and delegated harvesting. Local harvesting is when your computer needs to be on at all times for the harvesting to work and your private keys of the new coins are sent to your locally running NIS.
The delegated approach is in which you can shut off your pc. Delegated harvesting needs to be activated before you can use it. You need a startup investment of 10000 XEM to start harvesting.