|Year||Total Crypto Market Cap|
|Jan 1, 2015:||$5.5 billion|
|Jan 1, 2017:||$18 billion|
|Crypto Analysis Checklist|
|What is the problem or transactional inefficiency the coin is trying to solve?|
|What is the Dev Team like? What is their track record? How are they funded, organized?|
|How big is the market they're targeting?|
|Who is their competition and what does it do better?|
|What is the roadmap they created and how well have they kept to it?|
|What current product exists?|
|How does the token/coin actually derive value for the holder? Is there a staking mechanism or is it transactional?|
|Is there any new tech, and is it informational or governance based?|
|Can it be easily copied?|
|What are the weaknesses or problems with this crypto?|
|Benefits of Cryptocurrency|
|Decentralization - no need for a third party to agree or validate transactions.|
|Transparency and trust - As blockchain are shared, everyone can see what transactions occur. Useful for something like an online casino.|
|Immutability - It is extremely difficult to change a transaction once its been put onto a blockchain|
|Distributed availability - The system is spread on thousands of nodes on a P2P network, so its difficult to take the system down.|
|Security - cryptographically secured transactions provide integrity|
|Simplification and consolidation - a blockchain can serve as a shared ledger in industries where multiple entities previously kept their own data sources|
|Quicker Settlement - In the financial industry when we're dealing with post-trade settlement, a blockchain can drastically increase the speed of verification|
|Cost - in some cases avoiding a third party verification would drastically reduce costs.|
|Market Cap||$152 Billion||$93 Billion||$7.3 Billion|
|Daily Transactions (last 24hrs)||249,851||1,051,427||70,397|
|Active Addresses (Peak 1Yr)||1,132,000||1,035,000||514,000|
|Metcalfe Ratio (Transactions Based)||2.43||0.08||1.47|
|Metcalfe Ratio (Address Based)||0.12||0.09||0.03|
|Coin Name||views||Replies||R to V ratio||Clearness of announcement||Problem the coin is solving||Year of creation||Mainstream Competition||Crypto Competition||different platform||Overall Grade (worth keeping an eye on?)|
|Mintcoin||High (1 million +)||High||not clear||D|
|Ryo||Very low||Low||somewhat clear||C|
https://preview.redd.it/mae9pkm76ya21.png?width=700&format=png&auto=webp&s=185dbee1cacb7fa67508f3ba60d83a5ecab879e0submitted by thecroba to u/thecroba [link] [comments]
NEM is the world’s first “Smart Asset” blockchain. Built with businesses in mind, NEM is a world class platform designed to offer a streamlined method to maintain a secure ledger of transactions.
NEM’s blockchain technology offers the potential to drastically simplify an enormous variety of secure ledger and transaction tracking systems. It provides an adaptable API interface that can be used with any programming language.
Designed with modular customization in mind, NEM can be used for almost any application thanks to its “Smart Asset System”.
As of October 2017, NEM is the 7th largest cryptocurrency in the world, with a market cap of nearly 2 billion.
History of NEMNEM was launched on March 31, 2015 with the currency symbol XEM. The code was written in Java from scratch, as opposed to most other cryptocurrencies which were ‘forked’ off of existing codes and then later altered.
NEM’s origins date back to January 2014, when an open call for participation in a Bitcointalk forum called for a community-oriented cryptocurrency to be created from the ground up. The project saw 1,500 early investors buying XEM stakes, where 1 stake was equivalent to 2.25 million XEM coins.
What does NEM do?NEM’s primary function is the implementation of what they call the “Smart Asset System”. In effect, this system gives users the ability to implement a customized blockchain for their own specific “smart contract”.
So what exactly does “Smart Asset System” mean?
Smart Assets are a way of describing the tools NEM uses to handle business data. “Smart Assets” give you the power to use NEM as if it were a custom blockchain built to handle your assets.
The “Smart Asset System” can be broken down into four components:
As described in NEM’s whitepaper, NEM is designed to be a customizable blockchain-based technology used for business purposes. Because NEM’s software is so adaptable, the potential uses are nearly endless. For example, smart contracts can be used as central ledger software for banks, keeping track of transactions by investment companies, or storing and sending government documents such as birth certificates.
Unlike Bitcoin or Litecoin, NEM is not intended to be used as a currency.
In addition to the “Smart Asset System”, NEM is one of the most secure and easiest coins to use if you want to create your own coin and offer an ICO to raise funds for a startup.
According to NEM:
NEM’s approach is to let developers use a wide range of combinable functionalities which let them build powerful applications based on a closed set of atomic operations, and opens the network to almost any technological combination
Why Use NEM?
NEM Has A Low Transaction Fee of 0.01%NEM utilizes a new code designed for transaction efficiency. XEM transactions take about 6 seconds to show up and about 20 seconds to confirm. On the other hand, Bitcoin can take up to an hour or more to confirm transactions.
Fees to transmit assets via the public blockchain (coins, documents, etc) are very low. Currently the transaction fee is only 0.01%. This means it costs $0.01 to send $100 worth of coins and $0.10 to send $1,000. In comparison, credit cards charge anywhere from 1.5 to 3% and Paypal charges 2.6%.
NEM’s 0.01% transaction fee is low even compared to other cryptocurrencies!
NEM Is Very ScalableNEM is incredibly scalable. Currently NEM has transaction speeds comparable to Bitcoin, however when the planned updates go into effect the network could handle in the hundreds if not thousands of transactions per second. In comparison, Bitcoin is only able to handle 4–5 transactions per second. This has been a huge problem for Bitcoin and is a factor which has led to the Bitcoin currency being split into two (and soon three) different currencies.
If NEM isn’t meant to be used as a currency, then why care about trading coins? The truth is: you still need the coins.
In future, if companies use NEM software, they will eventually need to send their “Smart Assets” to various places. This will require sending the documents across the public NEM blockchain. Sending documents will require the company to pay a transaction fee, which can only be paid for in XEM (NEM’s coin).
In that respect, potential investors could see gains on their investment if companies begin to adopt NEM’s software. Since there is a set number of XEM coins (9 billion), as the demand for these coins increases, so will their value.
NEM Uses Unique Harvesting MethodsFor those interested in harvesting some coins for yourself, NEM is one of most lucrative coins around (as opposed to the mining processes used by other coins).
NEM uses unique methods of Proof of Importance (POI) and Delegated Harvesting to award coins.
When a block is harvested, it confirms the transaction in the block, adds it to the blockchain permanently and then rewards the transactions fees from that block to the harvester.
A user’s POI determines who actually harvests a block, which is governed by three factors:
These revolutionary methods implemented by NEM have leveled the playing field and gives power to users, not to hoarders or mining farmers.
What Sets NEM Apart From Other Cryptocurrencies
NEM is 100% traceableNEM’s traceability is one big differentiating factor. Unlike its competitors such as Monero, there are no ‘private transactions’ on NEM.
Although many in the cryptocurrency community consider this a negative, it has some advantages. For one, traceability will allow security features such as buyer and seller protection to be implemented. This is one of the reasons NEM is a very secure coin. To date, there has been no major security issues.
NEM also allows businesses to track spending habits, a feature that is useful and may attract more businesses to use it in future.
NEM Uses Less PowerNEM uses 100 times less power than Bitcoin to run a node or harvest. This is why NEM’s transaction fees cost only a fraction of some of its competitors.
NEM Is Not Subject To InflationAnother great thing about NEM is that all of the coins (8,999,999,999 to be exact) have already been created. This means that there is zero inflation. For most other coins such as Bitcoin or Litecoin, the mining process is still actively putting new coins into circulation, which will lead to some inflation.
NEM Does Not Focus On Retail UseOne thing you do not see NEM focusing on is coin price or retail use. Many cryptocurrencies focus on the coins themselves, but NEM is much more focused on the platform and the development community to try to create new apps for the platform.
NEM’s President Lon Wong has stated:
“It Might Be exciting to see quick price gains due to marketing and speculation, but the long term winners will be those with consumer and enterprise adoption”
Competitors and ChallengesNEM has a few big competitors such as Ripple, Factom, Ubiq. Most notable is Ethereum, the 2nd largest cryptocurrency in the world with a current market cap of nearly 30 billion dollars.
Compared to its competitors, NEM seems to be a more stable choice for building new applications with support for real business models. Its security and development features allow blockchain entrepreneurs to focus on relevant problems and not technical difficulties. Its learning curve is also much smoother than that of Ethereum.
One of the biggest challenges NEM has is getting people to understand what it does. Typically, coins such as Litecoin are designed to be used like fiat currencies. However, XEM coins aren’t meant to be used as currency, but a transactional platform for businesses and developers.
Another challenge for NEM is growing the pool of developers who have the knowledge to connect NEM to existing company networks. Luckily, NEM’s API is relatively easy to integrate with legacy networks. They have also been putting a lot of effort into growing a new wave of developers who can support their system.
NEM has opened the first blockchain center in Kuala Lumpur, Malaysia. The center is meant to serve as an incubator, accelerator and co-working space. They are clearly dedicated to promoting their product but also supporting the blockchain community as a whole.
Last ThoughtsLooking at the diverse business functions that NEM can perform, it is clear that there is a large potential customer base.
In addition to NEM’s current advantages, NEM plans to release the Catapult software this year which will add even more improvements to its current Mijin software. This will only put NEM further ahead of its competition. Developers at NEM are also actively working to make their product better and better.
NEM has an excellent development team, strong community support, a robust blog, good incentives and a solid business plan.
|Lightning Network||Платёжные каналы для масштабирования сети|
|Open Transactions & Counterparty & Omni & Open Assets & Symbiont||Платформы финансовых активов|
|Augur & Mirror||Предиктивный трейдинг|
|Factom||Записи и титулы в блокчейн|
|Open Bazaar / Provistor & Bitmarket||Свободный децентрализованный протокол торговли / свободные рынки|
|Zerocash & Dark Wallet & Joinmarket||Улучшение приватности|
|ShapeShift.io||Самый быстрый способ конвертации биткойнов между альткойнами|
|Keybase & Bitrated||Идентификация и репутационный менеджмент|
|Bitmesh & Telehash||Mesh-сети|
|Storj & Sia||Децентрализованное файловое хранилище|
|Abra Global||Сеть денежных переводов P2P|
|bitSIM||Безопасное оборудование PIN токенов между СИМ-картой и телефоном|
|Identifi||Децентрализованная адресная книга с ситемами рейтинга|
|Coinometrics||Институционный уровень биткойн аналитики данных & исследования|
|Blocktrail||API биткойн мультиподписей|
|Copay||Open source мультисиг кошелёк спроектированный BitPay|
|Insight||Open source blockchain API от BitPay|
|Foxtrot||Сеть маршрутизации Open source от BitPay|
|Leet||Убей своих друзей и забери их деньги ;)|
|Lawnmower||Превращение сдачи в bitcoin. Купи кофе за $3.25 и преврати сдачу 75¢ в Биткойн.|
|Дата||Блок||Эра вознаграждений||BTC/блок||Год (по расчету)||Начало BTC||BTC добавлено||Конец BTC||BTC увеличение||Конец ВТС % лимита|
|Блок||Эра||BTC/блок||Год||Начало BTC||BTC добавлено||Конец BTC||BTC уменьшение||Конец BTC % лимита|
Factom Info. Die Cryptowährung Factom verwendet üblicherweise das Kürzel 'FCT' und ist seit dem Jahr 2015 unterwegs (seit etwa 5 Jahren). Sie kann von Minern nicht geschürft werden. Dabei wurden vor Veröffentlichung keine Einheiten geschürft (Premine). Factom ist ein OpenSource Projekt. The US Department of Homeland Security Science and Technology Directorate has awarded Factom a USD 192,380 grant and will possibly award up to a total of USD 800,000 as part of the Silicon Valley Innovation Program (SVIP) to integrate critical infrastructure such as cameras and sensors with blockchain technology.. This project began in 2016 when Factom was awarded an initial USD 200,000 and it ... Factom Statistics. Current Factom (Factom) price is $1.215442138656 USD. It has a current circulating supply of 9,395,250 FCT coins and a Market Cap of $11,419,384 USD. Factom stock price is down by (-8.02%) today.$21,854 USD worth of Factom (FCT) has been traded in the past 24 hours. You can follow Factom (FCT)'s progress by adding it to your favourites and creating a free portfolio if you wish. Interestingly enough Factom is a protocol built on top of Bitcoin, on top of the Bitcoin blockchain. As you know, this means that no matter what, Factom can’t be shut down because no singular ... Factom exploite efficacement la sécurité de Bitcoin tout en lui ajoutant une nouvelle fonction : en plus de certifier l’authenticité des échanges de valeur via bitcoin, Bitcoin peut désormais certifier l’intégrité de données stockées dans la blockchain Factom. Alors que la blockchain Bitcoin est initialement un registre linéaire devant être lu du début à la fin pour en ...
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Blockchain based document proof system Factom, at the Bitcoin Singapore Meetup in Hackerspace Paul Snow & Peter Kirby explaining Factom, an open source project to the local Bitcoin community in ... This week Andrew Wagner from the Bitcoin Coop and Bitcoin Magazine will present on blockchain bloat and Also, Peter Kirby of Factom will be beaming in to address the issue and present Factom's ... Donate Bitcoin: 3NqhJSAikoFiYmZm3ACGzdw9Lr86ZiLT7K Join our New Patreon: https://www.patreon.com/wcn Subscribe to the WCN Audio Podcast on Itunes: https://it... Paul Snow, CEO and Chief Architect of FACTOM, joins us to chat about how to store digital documents which are verifiable and trustworthy. It uses the bitcoin blockchain to secure and protect the ... Bitcoin magazine voorziet je van de laatste technische analyses en interviews met key players in de crypto wereld. Elke dag kun je een nieuwsupdate verwachten met daarbij elke zondag een interview ...