So since i own a stake in this thing i guess i may as well understand how the heck it works. Its proof of stake i assume. Does it use deterministic random like nxt or coin age like ppc or something else?
Hi Anon136,
I'm sure you've heard of PoI(Proof of Importance). NEM is not based on proof of stake, it's on PoI. PoI is a novel algorithm which moves a step forward, offering a different solution to the the yet incomplete crypto puzzle we have today. Complete details about it will be available once we release our whitepaper.