Bitcoin als PR-Trick für die ukrainische militsiya, um ...

Michael Chobanyan, the founder of Bitcoin Foundation Ukraine, whose apartment was recently raided by Ukraine's so-called cybercrime police.

Michael Chobanyan, the founder of Bitcoin Foundation Ukraine, whose apartment was recently raided by Ukraine's so-called cybercrime police. submitted by phieziu to conspiracy [link] [comments]

Michael Chobanyan, the founder of Bitcoin Foundation Ukraine, whose apartment was recently raided by Ukraine's so-called cybercrime police.

submitted by phieziu to privacy [link] [comments]

Ukrainian police raids the house of the founder of Bitcoin Foundation Ukraine

Ukrainian police raids the house of the founder of Bitcoin Foundation Ukraine submitted by janliss to Bitcoin [link] [comments]

Bitcoin Foundation Ukraine: Central Bank Warning Isn't a Ban

Bitcoin Foundation Ukraine: Central Bank Warning Isn't a Ban submitted by macsubhine to Bitcoin [link] [comments]

Bitcoin Foundation Ukraine Joined Ukrainian Interbank Association EMA

Bitcoin Foundation Ukraine Joined Ukrainian Interbank Association EMA submitted by odhevra to Bitcoin [link] [comments]

Ukrainian police raids the house of the founder of Bitcoin Foundation Ukraine

Ukrainian police raids the house of the founder of Bitcoin Foundation Ukraine submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Court rules to return seized equipment to founder of Bitcoin Foundation Ukraine

Court rules to return seized equipment to founder of Bitcoin Foundation Ukraine submitted by rotoreuters to betternews [link] [comments]

Bitcoin Foundation Ukraine присоединилось к украинской межбанковской ассоциации EMAForkLog

Bitcoin Foundation Ukraine присоединилось к украинской межбанковской ассоциации EMAForkLog submitted by odhevra to BitRussia [link] [comments]

Bitcoin Foundation Ukraine joins efforts with Innovecs to revitalise country's financial system

Bitcoin Foundation Ukraine joins efforts with Innovecs to revitalise country's financial system submitted by janliss to Bitcoin [link] [comments]

Bitcoin Foundation Ukraine joins efforts with Innovecs to revitalise country's financial system

Bitcoin Foundation Ukraine joins efforts with Innovecs to revitalise country's financial system submitted by coincrazyy to BitcoinAll [link] [comments]

Bitcoin Foundation Ukraine Joined Interbank Association EMA

Bitcoin Foundation Ukraine joined Ukrainian interbank association EMA and is going to introduce Ukrainan BitLicense project at a Ukrainian National Bank meeting. Yesterday Bitcoin Foundation Ukraine became an official member of interbank association Ukrainian Interbank Payment Systems Member Association EMA. Now, according to the BFU’s official announcement, both the organization and Bitcoin become officially recognized in the financial system of Ukraine.
“It’s the first step to mass adoption of the technology in Ukraine and CIS countries. Broadly speaking, that’s all we want,” the official press-release reads.
full story: http://forklog.net/glory-to-ukraine/
submitted by odhevra to Bitcoin [link] [comments]

Bitcoin Foundation Ukraine: Central Bank Warning Isn't a Ban

Bitcoin Foundation Ukraine: Central Bank Warning Isn't a Ban submitted by BTCNews to BTCNews [link] [comments]

Bitcoin Foundation Ukraine: Central Bank Warning Isn't a Ban

Bitcoin Foundation Ukraine: Central Bank Warning Isn't a Ban submitted by moon_drone to BetterBitcoin [link] [comments]

Bitcoin Foundation Ukraine: предупреждение НБУ это не запрет

Bitcoin Foundation Ukraine: предупреждение НБУ это не запрет submitted by irina551 to BitcoinCloudMining [link] [comments]

Meet the CoinsPaid CEO, Max Krupyshev

Meet the CoinsPaid CEO, Max Krupyshev
https://preview.redd.it/dgydp4t2ehv31.png?width=2064&format=png&auto=webp&s=08aa16be73121b4fb8fd43ad6dc885b840e68635
Max is a recognized crypto expert and opinion leader in Ukraine. After receiving his BA in physics and an MA in business administration, Max became involved with Bitcoin in 2013.
Soon, he co-founded a blockchain software development studio in Kiev. He is also the founder of Bitcoin Foundation Ukraine and Satoshi Square Kiev. Later, he worked for some of the largest BTC mining operations, including Cex.io and Ghash.io.
At that time, he worked for some of the largest BTC mining operations, including Cex.io and Ghash.io. Then Max was invited to become the CEO of CoinsPaid. In this position, he is happy to be driving the adoption of crypto in the online payments industry.
submitted by CoinsPaid to CoinsPaid [link] [comments]

Bitcoin conference is happening NOW in Moscow!

Dear friends.
We report from the Bitcoin Conference In Moscow!! Turnout is great and atmosphere vibrant.
Friends from Cointelegraph, The Bitcoin Foundation Russia, The Bitcoin Foundation Ukraine, Fruitwallet, Upbit, MemoryDealers, Pathfinder Capital, PassportsforBitcoin.com and other local and international BTC related businesses and enterprenours are here.
At the moment we enjoy the content of the conference, however later we will post photos and a review of the conference to the community!
IMPORTANT DISCLAMERS ::
1) Filter the FUD. There were fake reports going around saying that the conference was canceled!! THIS IS NOT TRUE!!! Someone made a fake site and spread this fake info to scare investors and to create fear in the local community. Im posting the official site below.
2) BITCOIN IS NOT BANNED IN RUSSIA! A lot of people here are working closely with the government to inform and to guide regulators. It will be a slow process but its important to note that crypto its NOT banned in Russia! Its status its not clear indeed but certainly it has not been criminalized. If not this conference would not be happening! Bottom line is that in Russia there is only one legal tender which is the rubble ((if im not mistaken this is the same situation as in Canada for example... please correct me if im wrong!))
:::
Here are the links to the conference :: http://bitcoinconf.ru/en Twitter :: @BitcoinConfRu
Someone is live tweeting from there if youre interested in live info + photos :: www.twitter.com/bitcoineando
submitted by lapsaroundthesun to Bitcoin [link] [comments]

Answers from ICO teams: Remme answers are now available in PitchMyICO

Where is the ICO company based?
[Remme] BVI
What is the token role in your project?
[Remme] REM is a utility token with the softrware pre-order function. It will operate like a license or digital key for granting holders access to REMME PKI (d) and DApps on top of it. REM token will facilitate certificate generation, revocation, node creation, and fees covering conversion to fiat.
Are you planning to reach out to US investors?
[Remme] Yes. We believe that people from different counties all over the world will be interested in the solution we're working on.
What is the business model of the company you are building?
[Remme] We have a clear B2B model: Revenue is generated through access to REMME Dapps (per user and per authentication pricing models), payments for customization, integration and support, transaction fees for the payments in fiat currencies.
Do you have hard cap and soft cap?
[Remme] Pre-sale sot cap: $480,000 Pre-sale hard cap: $3 million The overall hard cap: $20 million (including both pre-sale and public sale stages).
How many tokens do you plan to create? And how many from them will you sell during ICO?
[Remme] 1 billion tokens will be generated and 50% will be available for sale
Did the team work on other projects before?
[Remme] This is the first token sale for us.
Is it a working company?
[Remme] We came up with the idea of REMME in early 2015 following a series of cyberattacks that started hitting big Ukrainian companies. The growing level of insecurity at the time inspired us to start work on a solution that could protect sensitive data from cyber theft. At that point, a number of our team members had already worked on various blockchain projects, so we were familiar with the technology and the value it can bring to different spheres. Officially, REMME was launched in January 2016 when we presented our website to the market and began to involve companies in our first pilot program. Since that time, we've built two beta versions of products and held 5 pilot projects with different companies. Product demand is proven by existing contracts and memorandums: REMME signed two memorandums regrading closed beta with UkrInMash (state enterprise) and Depositphotos. Over 30 medium and large companies applied for the 2018 Pilot programs
What projects did you do before?
[Remme] Our CEO Alex Momot has been involved in crypto space since 2013: started hisy journey from deep discovering of everything Bitcoin-connected and participation in Ethereum ICO. In 2014, together with Kate (co-founder of REMME), they ran BitX – a startup that allowed paying for telecom and other everyday services in bitcoins. That was the first time when we saw with our own eyes what happens when old economy meets new economy. In the end, we had to shut down the service, since the bank, which was our processing provider, was too skeptic about everything connected with cryptocurrency. Luckily, the situation is changing fast. Now we have support from such organizations as Bitcoin Foundation Ukraine and, where Alex is a member of its board of directors. BFU helps to push the objective and deliver clear information to the community, and cooperates closely with the government and businesses. Alex also worked in Bitcoin mining space since 2015, obtaining the position of Head of Business Development in the company-producer of bitcoin mining equipment. Kate (co-founder and CMO) previously worked as the Head of Marketing for the software development company, trusted by Fortune Global 500 and leading Ukrainian companies. She is also a co-founder of the web-development studio. Roman is our CTO master. He is the co-founder of the company that provides ICT services and DApps solutions for business and blockchain platforms. Jan, our CBDO, previously, ran several companies as CEO and start-ups as Business Angel, acted as interim manager for several international IT projects and well-known companies. In the past Jan also run a security company focusing on biometrics and since 2015 Jan is heavily involved in the Blockchain projects development. For all core roles, we engaged professionals who possess all talents we need for the business success. All members of our team have proven records of accomplishment and are masters in their field. Following our pre-sale and public token sale in February 2018, we plan to expand our engineering team, open sales offices, and build first-class customer support as well as grow our marketing team.
What will happen if you will raise less money than you expect?
[Remme] We will bring back money if we don't reach the Soft Cap.
All answers from Remme team are now available here
https://telegram.me/pitchmyicobot?start=cmVtbWUrcmVkZGl0
submitted by TokenSell to PitchMyICO [link] [comments]

Bitcoin and Blockchain Economy Features to be disclosed at Blockchain Conference Astana

Kazakhstan, as is well known, has set a course for accelerated technological modernization of the economy. On June 14, 2017, the capital of Kazakhstan will hold Blockchain Conference, where speakers from around the world will inform about the blockchain technology potential for the economic development as well as present real cases of using this technology in the economies of developed countries. What is Blockchain Conference Astana?  The largest blockchain event in Kazakhstan  20 speakers from all over the world, 10 hours of unique knowledge and networking  Presentation of trend blockchain projects in the FinTeh, e-Gov and energy sectors  Practice of using blockchain from Microsoft, IBM, Deloitte, KPMG and others  Participation in the conference of representatives of state bodies of Kazakhstan, responsible for the development and implementation of digital and information technologies.
One of the conference sections will be devoted to the features of bitcoin and blockchain economy. The head of the Innovation Activity Department at the National Research University Higher School of Economics (Russia), CEO at Cyber.Fund Marina Gurieva will share trends and prospects for the blockchain economy development in the public and private sectors. Marina studied for an MBA Degree in Singapore. She is an expert in the field of business development. The founder of Kuna Bitcoin Agency and co-founder of Bitcoin Foundation Ukraine Mikhail Chobanyan will reveal at the conference features and prospects of the bitcoin cryptocurrency as well as key aspects of the blockchain technology. Mikhail got his EMBA from Columbia University, London Business School and Hong Kong University. He also has a Bachelor of Economics degree from the City, University of London. Mikhail has over 7 years of experience in the telecommunications market. In 2014, he founded Kuna Bitcoin Agency, the first Bitcoin Agency in the CIS and Eastern Europe. Mikhail is one of the founders of the public organization Bitcoin Foundation Ukraine (BFU). In September 2014, he opened the first in the CIS Bitcoin embassy. He is a leader of the initiative group Bitcoin License Ukraine. Mikhail is an ideologist of the Crypto Rus platform. In September 2016, he officially launched the first public Ukrainian stock exchange of crypto assets kuna.io. The Conference program will involve a full conference day, discussion panels, an exhibition area and a gala dinner with the conference speakers and guests. If you buy a ticket before June 1, 2017, the cost of participation will be USD 100 instead of ̶U̶S̶D̶ 2̶5̶0̶. You may buy tickets at the promotional price on the conference website >> There is a partner program for all those who wish to join the world Blockchain Summit, become a sponsor of the event or take part in the exhibition. Regarding sponsorship and partnership issues, please contact us at [email protected].
submitted by AroundB to Bitcoin [link] [comments]

На Blockchain Conference в Астане выступит Марина Гурева и Михаил Чобанян

Как известно, Казахстан взял курс на ускоренную технологическую модернизацию экономики. 14 июня 2017 в столице Казахстана состоится Blockchain Conference, на которой спикеры со всего мира расскажут, каким потенциалом для развития экономики обладает технология блокчейн, а также презентуют реальные практики использования технологии в экономиках развитых стран. Что такое Blockchain Conference Astana?  самое масштабное blockchain событие Казахстана;  20 спикеров со всего мира, 10 часов уникальных знаний и нетворкинг;  презентации трендовых блокчейн-проектов в финтех, e-gov и энергетике;  практики использования блокчейна от Microsoft, IBM, Deloitte, KPMG и др;  участие в конференции представителей государственных органов Казахстана, отвечающих за развитие и внедрение цифровых и информационных технологий.
Одна из секций конференции будет посвящена особенностям биткоин и блокчейн экономики. Трендами и перспективами развития блокчейн экономики в государственном и частном секторе поделиться Марина Гурьева, Начальник Управления инновационной деятельности НИУ ВШЭ (Россия), CEO в Cyber.Fund. Марина получила степень MBA в Сингапуре. Являеется специалистом в области бизнес-девелопмента. Особенности и перспективы криптовалюты биткоин, а также основные особенности технологии блокчейн на конференции раскроет Михаил Чобанян, основатель Kuna Bitcoin Agency и со-основатель Bitcoin Foundation Ukraine. Михаил выпускник EMBA в Columbia University, London Business School и Hong Kong University, Бакалавр Экономики (City University London). Имеет более 7 лет опыта на рынке телекоммуникаций. В 2014 основал первое биткоин-агентство в СНГ и Восточной Европе — Kuna Bitcoin Agency. Один из основателей общественной организации Bitcoin Foundation Ukraine (BFU). В сентябре 2014 года открыл первое в СНГ посольство Bitcoin. Лидер инициативной группы «Bitcoin License Ukraine». Идеолог платформы «Крипто Русь». В сентябре 2016 официально запустил первую публичную украинскую биржу криптоактивов — kuna.io. Программа конференции будет состоять из полноценного конференц-дня, дискуссионных панелей, выставочной зоны и гала-ужина со спикерами и гостями конференции. Для тех, кто хочет принять участие в конференции стоимость участия составит 100 USD вместо ̶2̶5̶0̶ ̶U̶S̶D̶ при покупке билета до 1 июня 2017 года. Купить билеты по промо цене можно на сайте конференции>> Для всех желающих присоединиться к всемирному Blockchain саммиту, выступить спонсором мероприятия или принять участие в выставке, действует партнерская программа. По вопросам спонсорства и партнерства пишите по адресу [email protected]
submitted by AroundB to BitRussia [link] [comments]

Bitmain Launches New Bitcoin Mining Pool - Exscudo, the nextgen financial system, announces ICO - Singapore Registers the Litecoin Foundation as Public Company Limited - Bitcoin Investments in Ukraine Increase 500% in 12 Months - Changes to the CryptoCompare Portfolio

submitted by cryptocompare to cryptocompare [link] [comments]

Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why

Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why

Altcoin Explorer: NEM (XEM), the Enterprise-Grade Blockchain Platform


https://preview.redd.it/5ogfihikwkg51.png?width=1300&format=png&auto=webp&s=099780e02777d16d4e2add64b249c46da1cd488b
Nestled among the top 40 cryptocurrencies by reported market cap, New Economy Movement — popularly known as NEM (XEM) – is a peer-to-peer (P2P), dual-layer blockchain smart contract platform written in one of the most influential programming languages, Java. NEM uses the proof-of-importance (POI) consensus algorithm that essentially values the tokens held and the activity conducted by the nodes on the blockchain network.
In this Altcoin Explorer, BTCManager delves deeper into the finer intricacies of the NEM blockchain protocol, including the project’s POI consensus algorithm, its native digital token XEM, and some of its real-world use-cases.
Without further ado, let’s get to the core of this high-performance distributed ledger technology (DLT) platform.

History of NEM

NEM was launched on March 31, 2015, with an aim to develop an enterprise-grade blockchain protocol that could circumvent the infamous trilemma of blockchain: scalability, speed, and privacy.
Operated by a Gibraltar-registered NEM Group, NEM is a fork-out version of the NXT blockchain. After the successful fork, the NEM community decided to build its ecosystem from the ground up and developed its own codebase to make the network more scalable and faster.
NEM’s insistence toward building its own tech infrastructure led to a DLT protocol that is unlike anything resembling other similar platforms.
Today, NEM ranks among the top go-to blockchain platforms for enterprises across the world, rivaling competing protocols including Ethereum (ETH), and TRON (TRX), among others.

NEM’s Proof-of-Importance (POI) Algorithm

Unlike Bitcoin’s (BTC) energy-intensive Proof-of-Work (PoW) and Ethereum’s yet-to-be-implemented Proof-of-Stake (PoS) consensus algorithm, NEM uses PoI consensus mechanism.
The PoI mechanism achieves consensus by incentivizing active user participation in the NEM network. This consensus infrastructure ensures an agile decentralized network by rewarding well-behaved nodes that not only possess a significant stake in the network but are also actively engaged in executing transactions to maintain the network’s robustness.
Specifically, each node in the network possesses an ‘Importance Score’ that impacts the number of times the said node can ‘Harvest’ the XEM altcoin.
Initially, when a user puts XEM tokens into their wallet, they are called ‘unvested coins.’ Over time, as the wallets start accumulating an increasing number of XEM and contribute to the network’s transaction volume, they start collecting importance scores. At the same time, the XEM tokens in these wallets change into ‘vested coins,’ provided that there are at least 10000 tokens in the wallet.
To put things into perspective, let’s take the help of a small example.
On day 1, Joe receives 50,000 XEM in his digital wallet. Now, with each passing day, the NEM network will ‘vest’ 10 percent of the tokens held by Joe. So, on day 2, 5,000 tokens held by Joe are vested into the network. On day 3, 10 percent of the remaining tokens – 15,000 XEM – get vested into the network, leaving Joe with 13,500 XEM, and so one. After a couple of days, Joe sees that the number of XEM vested by him has crossed the 10,000 coins threshold, thereby, making him eligible to seek rewards from the NEM blockchain for his contribution to vesting his tokens.
Close followers of blockchain projects would find the aforementioned network reward mechanism bear a close resemblance to the PoS consensus algorithm. However, it’s worthy of note that vesting coins is just one way of calculating a node’s importance score.
The NEM protocol also rewards nodes that are responsible for most activity on the network. In essence, this means that the higher the number of transactions executed by a node, the more likely it is to gain higher importance points. The balance between vesting XEM and network activity is an important metric to be maintained by NEM nodes as it directly impacts their likelihood of harvesting XEM.
NEM’s consensus algorithm does away with several issues plaguing the more energy-intensive protocols such as PoW. For instance, PoI does not necessarily require high-energy hardware to run the nodes. The decentralized nature of the algorithm means that almost any machine — irrespective of its tech configuration – can participate in the NEM ecosystem ensuring it remains decentralized.

NEM’s Native Digital Token — XEM

XEM, unlike the vast majority of other cryptocurrencies, isn’t mined or staked using Pow or PoS algorithms. Rather, as explained earlier, XEM is ‘harvested’ through the PoI algorithm which ensures a steady supply of the digital token without flooding the market and involving the risk of a dramatic crash in price.
Per data on CoinMarketCap, at the time of writing, XEM trades at $0.04 with a market cap of more than $382 million and a 24-hour trading volume of approximately $6.8 million. The coin reached its all-time high of $1.92 in January 2018.
A large number of reputable cryptocurrency exchanges trade XEM, including Binance, Upbit, OKEx, Bithumb, ProBit, among others. The digital token can be easily traded with BTC, ETH, and USDT trading pairs.
That said, if you wish to vest your XEM to partake in the maintenance of the NEM network and earn rewards, it is recommended you store your tokens in the official NEM Nano wallet for desktop and mobile OS. Only XEM tokens held in the official NEM Nano wallet are eligible for vesting.

NEM Use-Cases

To date, NEM has been deployed for various real-world applications with promising results.
In 2018, Ukraine launched a blockchain-based e-voting trial leveraging the NEM DLT platform.
At the time, Ukraine’s Central Election Commission – with the local NEM Foundation representation – estimated the test vote trial in each polling station could cost as low as $1,227. The organization’s Oleksandr Stelmakh lauded the efforts, saying that using a blockchain-powered voting mechanism would make it impossible for anyone to fiddle with the records. The Commission added that the NEM protocol presents information in a more user-friendly format for voters.
In the same year, Malaysia’s Ministry of Education launched an e-scroll system based on the NEM blockchain to tackle the menace of fake degrees. The University Degree Issuance and Verification System use the NEM blockchain which is interrogated upon scanning of a QR code printed on the degree certificate.
The Ministry added that one of the primary reasons for its decision to selected the NEM platform was its unique and cutting-edge features in managing traceability and authentication requirements.
On a recent note, the Bank of Lithuania announced that it would be issuing its NEM blockchain-powered digital collector’s coin (LBCoin) in July after the successful completion of its testing phase.

Final Thoughts

Summing up, NEM offers a wide array of in-house features that separate it from other blockchain projects in a space that is becoming increasingly congested. NEM’s creative PoI consensus algorithm is a fresh take on the PoS algorithm for performance enhancement. Further, the project’s newly launched enterprise-grade DLT solution, Symbol, offers a tremendous option to businesses to help them cut costs, reduce complexities, and streamline innovation.
NEM uses the Java programming language that makes it an easy project for developers to get involved with, unlike other projects such as Ethereum that use platform-specific programming languages like Solidity. The project’s tech infrastructure not only makes it less power-intensive compared to Bitcoin but also more scalable than its rival projects including Ethereum and NEO.
NEM’s tagline, “Smart Asset Blockchain, Built for Performance,” perfectly captures everything the project has to offer. Over the years, NEM’s active developer community has craftily addressed the notorious bottlenecks in the vast majority of blockchain solutions, The future looks promising for NEM as it continues to foster a trustless and blockchain-driven economy for tomorrow.
Source
submitted by charlesgwynne to CryptocurrencyICO [link] [comments]

Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why

Want to know why NEM should be as popular as Ethereum? this will be bigger than any altcoins you see, here's why

Altcoin Explorer: NEM (XEM), the Enterprise-Grade Blockchain Platform


https://preview.redd.it/manbawoqvkg51.png?width=1300&format=png&auto=webp&s=fcbae1f067261326f11641bb9b18cd6f57616966
Nestled among the top 40 cryptocurrencies by reported market cap, New Economy Movement — popularly known as NEM (XEM) – is a peer-to-peer (P2P), dual-layer blockchain smart contract platform written in one of the most influential programming languages, Java. NEM uses the proof-of-importance (POI) consensus algorithm that essentially values the tokens held and the activity conducted by the nodes on the blockchain network.
In this Altcoin Explorer, BTCManager delves deeper into the finer intricacies of the NEM blockchain protocol, including the project’s POI consensus algorithm, its native digital token XEM, and some of its real-world use-cases.
Without further ado, let’s get to the core of this high-performance distributed ledger technology (DLT) platform.

History of NEM

NEM was launched on March 31, 2015, with an aim to develop an enterprise-grade blockchain protocol that could circumvent the infamous trilemma of blockchain: scalability, speed, and privacy.
Operated by a Gibraltar-registered NEM Group, NEM is a fork-out version of the NXT blockchain. After the successful fork, the NEM community decided to build its ecosystem from the ground up and developed its own codebase to make the network more scalable and faster.
NEM’s insistence toward building its own tech infrastructure led to a DLT protocol that is unlike anything resembling other similar platforms.
Today, NEM ranks among the top go-to blockchain platforms for enterprises across the world, rivaling competing protocols including Ethereum (ETH), and TRON (TRX), among others.

NEM’s Proof-of-Importance (POI) Algorithm

Unlike Bitcoin’s (BTC) energy-intensive Proof-of-Work (PoW) and Ethereum’s yet-to-be-implemented Proof-of-Stake (PoS) consensus algorithm, NEM uses PoI consensus mechanism.
The PoI mechanism achieves consensus by incentivizing active user participation in the NEM network. This consensus infrastructure ensures an agile decentralized network by rewarding well-behaved nodes that not only possess a significant stake in the network but are also actively engaged in executing transactions to maintain the network’s robustness.
Specifically, each node in the network possesses an ‘Importance Score’ that impacts the number of times the said node can ‘Harvest’ the XEM altcoin.
Initially, when a user puts XEM tokens into their wallet, they are called ‘unvested coins.’ Over time, as the wallets start accumulating an increasing number of XEM and contribute to the network’s transaction volume, they start collecting importance scores. At the same time, the XEM tokens in these wallets change into ‘vested coins,’ provided that there are at least 10000 tokens in the wallet.
To put things into perspective, let’s take the help of a small example.
On day 1, Joe receives 50,000 XEM in his digital wallet. Now, with each passing day, the NEM network will ‘vest’ 10 percent of the tokens held by Joe. So, on day 2, 5,000 tokens held by Joe are vested into the network. On day 3, 10 percent of the remaining tokens – 15,000 XEM – get vested into the network, leaving Joe with 13,500 XEM, and so one. After a couple of days, Joe sees that the number of XEM vested by him has crossed the 10,000 coins threshold, thereby, making him eligible to seek rewards from the NEM blockchain for his contribution to vesting his tokens.
Close followers of blockchain projects would find the aforementioned network reward mechanism bear a close resemblance to the PoS consensus algorithm. However, it’s worthy of note that vesting coins is just one way of calculating a node’s importance score.
The NEM protocol also rewards nodes that are responsible for most activity on the network. In essence, this means that the higher the number of transactions executed by a node, the more likely it is to gain higher importance points. The balance between vesting XEM and network activity is an important metric to be maintained by NEM nodes as it directly impacts their likelihood of harvesting XEM.
NEM’s consensus algorithm does away with several issues plaguing the more energy-intensive protocols such as PoW. For instance, PoI does not necessarily require high-energy hardware to run the nodes. The decentralized nature of the algorithm means that almost any machine — irrespective of its tech configuration – can participate in the NEM ecosystem ensuring it remains decentralized.

NEM’s Native Digital Token — XEM

XEM, unlike the vast majority of other cryptocurrencies, isn’t mined or staked using Pow or PoS algorithms. Rather, as explained earlier, XEM is ‘harvested’ through the PoI algorithm which ensures a steady supply of the digital token without flooding the market and involving the risk of a dramatic crash in price.
Per data on CoinMarketCap, at the time of writing, XEM trades at $0.04 with a market cap of more than $382 million and a 24-hour trading volume of approximately $6.8 million. The coin reached its all-time high of $1.92 in January 2018.
A large number of reputable cryptocurrency exchanges trade XEM, including Binance, Upbit, OKEx, Bithumb, ProBit, among others. The digital token can be easily traded with BTC, ETH, and USDT trading pairs.
That said, if you wish to vest your XEM to partake in the maintenance of the NEM network and earn rewards, it is recommended you store your tokens in the official NEM Nano wallet for desktop and mobile OS. Only XEM tokens held in the official NEM Nano wallet are eligible for vesting.

NEM Use-Cases

To date, NEM has been deployed for various real-world applications with promising results.
In 2018, Ukraine launched a blockchain-based e-voting trial leveraging the NEM DLT platform.
At the time, Ukraine’s Central Election Commission – with the local NEM Foundation representation – estimated the test vote trial in each polling station could cost as low as $1,227. The organization’s Oleksandr Stelmakh lauded the efforts, saying that using a blockchain-powered voting mechanism would make it impossible for anyone to fiddle with the records. The Commission added that the NEM protocol presents information in a more user-friendly format for voters.
In the same year, Malaysia’s Ministry of Education launched an e-scroll system based on the NEM blockchain to tackle the menace of fake degrees. The University Degree Issuance and Verification System use the NEM blockchain which is interrogated upon scanning of a QR code printed on the degree certificate.
The Ministry added that one of the primary reasons for its decision to selected the NEM platform was its unique and cutting-edge features in managing traceability and authentication requirements.
On a recent note, the Bank of Lithuania announced that it would be issuing its NEM blockchain-powered digital collector’s coin (LBCoin) in July after the successful completion of its testing phase.

Final Thoughts

Summing up, NEM offers a wide array of in-house features that separate it from other blockchain projects in a space that is becoming increasingly congested. NEM’s creative PoI consensus algorithm is a fresh take on the PoS algorithm for performance enhancement. Further, the project’s newly launched enterprise-grade DLT solution, Symbol, offers a tremendous option to businesses to help them cut costs, reduce complexities, and streamline innovation.
NEM uses the Java programming language that makes it an easy project for developers to get involved with, unlike other projects such as Ethereum that use platform-specific programming languages like Solidity. The project’s tech infrastructure not only makes it less power-intensive compared to Bitcoin but also more scalable than its rival projects including Ethereum and NEO.
NEM’s tagline, “Smart Asset Blockchain, Built for Performance,” perfectly captures everything the project has to offer. Over the years, NEM’s active developer community has craftily addressed the notorious bottlenecks in the vast majority of blockchain solutions, The future looks promising for NEM as it continues to foster a trustless and blockchain-driven economy for tomorrow.
Source
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The Libertarian Angle: Ukraine, Immigration, and Bitcoin Bitcoin Foundation Ukraine - YouTube Bitcoin Evolution - YouTube

BFU - Bitcoin Foundation Ukraine. CPU Central Processing Unit; ACF Asian Credit Fund; ASIC Application Specific Integrated Chip; FICCDAT Festival of International Conferences on Caregiving, Disability, Aging and Technology; UEPLAC Ukrainian-European Policy and Legal Advice Centre; ABN Anti-Bolshevik Block of Nations; CBC Central Bank of Cyprus; AA Association Agreements; 3H Health ... November wurde im Haus des Leiters der Bitcoin Foundation Ukraine, Michael Chobanian, eine gerichtliche Suche unter den Kamera-Blitzen durchgeführt. Unter anderem beschlagnahmten die ukrainischen militsiya eine illustrierte Broschüre namens "About Bitcoin". Michael Chobanian sprach mit CoinTelegraph über die Operation, und nach ihm war das eigentliche Ziel der Suche Selbstförderung und ... Bitcoin Foundation Ukraine joined Ukrainian interbank association EMA and is going to introduce Ukrainan BitLicense project at a Ukrainian National Bank meeting. Yesterday Bitcoin Foundation Ukraine became an official member of interbank association Ukrainian Interbank Payment Systems Member Association EMA. Now, according to the BFU’s official announcement, both the organization and Bitcoin ... A Bitcoin embassy has opened for the first time in Kiev. It will be the ground for the growing Ukrainian Bitcoin community to hold their meetings and where it is scheduled to be the meeting point for the Bitcoin Foundation Ukraine. The embassy also has a shop with souvenirs dedicated to crypto currencies and a special terminal allowing anyone ... Bitcoin Foundation Ukraine 342 followers on LinkedIn Created with the mission to standardize, protect and promote Bitcoin. БІТКОЇН УКРАЇНА Майданчик для ...

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The Libertarian Angle: Ukraine, Immigration, and Bitcoin

Bitcoin Talks Ukraine: Business Edition встреча от 1 сентября 2017, Спикеры: Дмитрий Баймуратов и Алексей Конашевич Bitcoin Foundation Ukraine - Channel Subscribe Subscribed Unsubscribe 37. World Crypto Network - Channel Subscribe Subscribed Unsubscribe 56.3K. Coinspot - Channel Subscribe Subscribed Unsubscribe ... The Libertarian Angle: Ukraine, Immigration, and Bitcoin. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Viewpoint is joined by Mr. Michael Chobanyan, the founder of Bitcoin Foundation Ukraine, whose apartment was recently raided by Ukraine's so-called cybercrime police. Check out our website: http ...

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