NEM

Halal Rating :
Comfortable
Last Price $0.04 Last updated:
Rank 195
1D Change -2.39 %
Market Cap $332.23m
Circulating supply 8,999,999,999
Maximum supply 8,999,999,999

Crypto Overview

Categories
  • PoI
  • Medium of Exchange
  • Payments
  • Smart Contracts
  • Fantom Ecosystem

NEM was a blockchain platform launched in March of 2015. At the time it was one of the pioneers of the industry and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution, however, was the PoI consensus mechanism which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java. Today, NEM remains a highly-traded cryptocurrency. Current development is centered around NEM's merge with another blockchain platform: Symbol.

Crypto Impact

To assign a comfort level investing in NEM from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to NEM.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

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Justification for our Halal Rating