Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Moderated Thread - Open Alpha Has Launched[Updates & Discussion]
by
martismartis
on 30/06/2014, 19:54:36 UTC
ELI5 - How is NEM different than other coins?  I'm ready to buy my stake!

One big difference is POI (Proof of Importance) as no other coin offers this. POI will try to alleviate some of the problems with POS where only the large account holders are able to generate any interest. With NXT for example, even if you had a million of them in your wallet you will barely forge anything. POI is totally new, a system where nodes are rewarded based on their "importance" to the network.

What is included in "importance"? running a node for xxx hours, days or making x transfers per day, etc?