Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
Brainofmasses
on 01/11/2016, 21:29:46 UTC
Its not really any different than any other POS coin, only difference is you get rewarded more if you actively use your account.

I read this on the website but still don't fully understand-

What is this "POI"?
POI is short for "Proof-of-Importance". It is a consensus algorithm at the core of the NEM software. The higher your importance, the higher your chance to be allowed to calculate a block (and harvest the fees inside that block). POI adjusts your importance depending on how many transactions you make, with whom you make them and a number of other factors. If you don't do any transactions POI will set your importance based on your balance only (it is then similar to proof-of-stake).

I also need to read more about "delegated harvesting".
It sounds like the ability to mine offline but I'm not totally sure.

Hey Shiroslullaby,

you maybe want to take a look this tutorial:
https://blog.nem.io/how-local-and-delegated-harvesting-works/

Or watch the youtube video on how to use delegated harvesting:
https://www.youtube.com/watch?v=ojxGI9xHJeM&feature=youtu.be