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NEM Online Casinos
NEM brings new and original features on the table, providing users with more flexibility and rewards for using the crypto currency.
Online Casinos Accepting NEM
NEM is one of the many peer-to-peer crypto currencies and it was launched in spring 2015. Compared to many of its peers, it is written in Java and also has a C++ version, but also many new features. Some of them are aimed at enhancing the block chain technology with proof of importance algorithms, encrypted messages and a reputation system being some examples. The software is also used in Mijin, which is a commercial block chain that is used extensively by major companies from Japan.
Private and Secure NEM Gambling
NEM online casinos are a relatively new breed of Internet gambling operators that accept deposits and withdrawals made in crypto currency. The fact that they were so quick to embrace NEM has to do with the fact that the crypto currency is certified fair. It uses a client/server model that simplifies matters for light clients and allows them to operate faster. For the time being, the NEM server based component is closed source, but its client is open source and the same will apply to the Catapult C++ rewrite.
Players who choose to gamble at casinos accepting NEM don’t have to do anything about the intricacies of the crypto currency. They make deposits, bet and cash out their winnings in the same straightforward way as they always did. There is no steep learning curve and customer support is always there to provide assistance to those who use NEM for the first time. Meanwhile, savvy users and those who regard it as a potential investment appreciate the currency for its special features such as namespaces, mosaics and the node reputation system.
Who Uses NEM?
Bitcoin remains the most popular crypto currency and the one that everybody is talking about thanks to its price surge. However, NEM has plenty of fans who appreciate its enhanced customization options. Another thing that differentiates the crypto currency from its peers is the Eigentrust ++ node reputation system that runs and maintains the network effectively. Time stamps are applied on transactions using the POI algorithm, an acronym for proof of importance which acknowledges one’s support of the network.
As this crypto currency continues to gain new followers, many of them will be tempted to try online gambling at NEM online casinos. Early adopters always have an advantage but this is one modern currency that is here to stay. It has all the advantages of these classic counterparts but also sports new features, so it has a better chance to thrive in the long run. As more users jump on the bandwagon, NEM will be used increasingly often as an investment tool.