Altcoins News
By James Thorp
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The NEM ecosystem are focused on exploring, innovating, and creating using blockchain. The Symbol from NEM are about powering the possibility to connect business with…
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Decentralization is the important focus of the way in which the NEM ecosystem operates. They are focusing on reducing and ultimately removing the need for trust in…
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The decentralization factor is very obvious in the NEM ecosystem as there is no governing authority or single person controlling the NEM public chains.
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It is also possible for any individual, project, company or government agency to be able to run a node and use the chain in the way they prefer to suit their purpose.
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In cases where part of the NEM ecosystem disappears, it will be possible for NEM to still progress.
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In the NEM community, the decisions made by the independent decision makers is important. This is another reason for why N1S1 are working towards an onchain voting…
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Several decisions in the community have been made using the onchain voting solution like the Tokenomics for Symbol blockchain, the migration approach to launch symbol, network…
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An instance in Tokenomics is about a group of community members who contributed to a work, which was further sent for vote.
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Thus, it is very clear that there is no need for a centralized authority to approve stuff and that the community governance decisions are progressively forwarded using on-chain…
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