Major Upgrade at NEM Group…

Life is always in motion. Everything changes as required by natural laws. It is still possible to explain what happened. However, sometimes describing the situation may require a different perspective. You may need to pull back further from your location or see the panorama of the case from a different height. Allows you to develop a new perspective, as well as create new solutions.
In the days we live, the NEM group is undergoing restructuring and offers new opportunities to investors. This opportunity provided by NEM, one of the oldest cryptocurrency projects, is an unmissable opportunity.

A short history

I will try to explain the restructuring in the NEM group within a specific time plane. As I wrote before, I want to retreat a little more and tell the development of the NEM group over time. Will mean that we evaluate the restructuring more objectively. It will also enable us to access more comprehensive information.
Bcnext, NXT was a non-Bitcoin-based open-source currency and payment network. Decentralized asset exchange, voting system, and market area were among its main features. NEM, a successful fork of the NXT blockchain, created its ecosystem from scratch. Launched on March 31, 2015, NEM, which develops an enterprise-level blockchain system, Unlike other platforms, it established the DLT (Distributed Notebook Technology) protocol.

NEM has an institutionalized ecosystem on the blockchain network. NEM Group; It consists of three companies, NEM Ventures, Nem Software, and Nem Trading. Since the group cannot continue on its way as three separate companies, SYMBOL has been created as the product of this new restructuring.

How does NEM work?

NEM has created an open-source, decentralized, and open-to-everyone blockchain network. Nodes that implement NEM’s unique consensus mechanism are the backbone of the system. Although it is open to everyone, users who benefit from the services offered by NEM can design the NEM Blockchain as they wish. NEM, which is open to everyone, can turn into a private and private blockchain on their servers. Users can apply NEM solutions instead of developing network software from scratch; they can use their local language on the network.
NEM has developed the modular Intelligent Asset System for users. Many applications can be developed on the platform using this system. The project owners will only need to define and connect Smart assets using the embedded features of NEM.
We can briefly examine what we can do on the NEM Platform in the following topics:

Creating your cryptocurrency: You don’t need to know a programming language to create or trade your crypto money.

Making mobile payments: You do not need to enter the numbers and addresses manually in the NEM Mobile wallet thanks to the barcode reading feature. Transactions are fast and low-cost.

Making financial payments: Financial services companies can receive or pay instantly anywhere in the world. Humidity can seamlessly connect to public or private blockchain networks.

Creating your payment application: With NemPay, you can create your private application and make open-source payments from person to person.

NEM and Symbol chains

NIS1 is the original blockchain of the NEM platform. Plug-and-play architecture offers excellent solutions with its flexible and customizable structure. NEM NIS1 is an exciting development where you will discover asset exchange, voting, and reward points. Secure digital asset creation provides advanced accounting systems and business efficiency. Symbol creates countless possibilities by connecting businesses, individuals, developers.

It brings projects, developers, and businesses together to create mutual value. SYMBOL, created by the NEM group, is the primary technology that will strengthen the whole ecosystem, including the NEM group, NEM Ventures, and NEM Trading. It reduces cost and complexity by connecting NEM businesses to the blockchain. Thus, it helps them create value.

SYMBOL has a layered architecture. Fast and efficient thanks to plug-in solutions. It provides seamless integration with other networks and blockchains. It is resistant to network attacks due to its built-in security features.

As a result;

Projects, companies, or platforms may need to reconfigure themselves at times. They can think of new solutions to new needs. They can make strategic decisions for their structures.
Restructuring in NEM Group, community work, promotion, and advertising activities will increase productivity in the future. Especially the creation of a high-quality token like SYMBOL and other breakthroughs are essential for the future. The investor should consider that this period creates an excellent opportunity to invest in the NEM Platform.

This Story is a contribution to NEM HUB`s Community Writing Contest. Please follow our Twitter and join our community chat on Telegram.

Useful Link’s

Twitter: https://twitter.com/symbolplatform
Linkedin: https://www.linkedin.com/organization-guest/company/symbolplatform
Github: https://nemtech.github.io/
Official Twitter: https://twitter.com/NEMofficial
Community Center: https://community.nem.io/
Community Hub Twitter: https://twitter.com/NEM_Hub
Community Center Telegram English: https://t.me/nem_hub