Hi, I'm writing a short summary of NEM for a website that I own. Here it is:
NEM is a cryptocurrency and blockchain platform launched on March 31, 2015. Inspired by an earlier cryptocurrency called Nxt, its features include a unique proof-of-importance algorithm, Eigentrust++ reputation system, multi-signature accounts, tokens, namespaces, and encrypted messaging. The cryptocurrency is especially popular in Asia where it is being tested by financial institutions and corporations. Its next major update (Catapult) is designed to increase stability and scalability offering better network performance as well as enhanced features.
Is this correct? Are there any errors I should know about?
And does anyone know if Catapult has been released? I did a bit of googling around and there are some conflicting sources but from what I can tell, it seems that it has been released for testing on private chains but it has not yet been implemented on the main chain?
Thanks in advance!
I wouldn't bother mentioning NXT. The original idea was purely to be a clone with better distribution. That was abandoned and it became a new project.
I would emphasize its capabilities of creating, integrating and mingling with private chains. That's one of the core ideas.
Catapult as a private version has been released. The public version has stalled. There's new leadership and their priority is to make public Catapult happen. No idea when though.