Account or accounts that need to sign the transactions of multisig accounts.
The first block of a blockchain. Block height = 0.
The process through which accounts can claim their share of SYMBOL tokens in the token allocation. Accounts that have opted-in will receive an equal amount of SYMBOL tokens as their XEM balance at the time of the snapshot.
Short for “Multisignature”. Multisignature is a feature that requires an account to have two or more signatures in order to execute transactions. “Multisig accounts” refer to accounts that have opted-in to utilizing this feature
A namespace is a text string that can be registered to refer to a NEM account address or mosaic. Namespaces function similarly to internet domains.
A desktop wallet created by the NEM Foundation. Users will be able to opt-in to the migration process by using the NanoWallet. The NanoWallet client can be downloaded through here.
NEM stands for New Economy Movement. It is written with 100% original code and launched in spring of 2015. It is a Smart Asset blockchain designed for scalability and interoperability.
NEM is led by an international network of elected individuals with a broad range of expertise. The main goal of the NEM Foundation is to support the growth of NEM (and soon SYMBOL) on a global scale.
NIS1 is a blockchain node version running currently on NEM public mainnet. It's written in JAVA. It's also private version called Mijin (this one available to buy on Azure)
Nodes are the devices that form the infrastructure of a blockchain. They store blockchain data and constantly communicate with one another to stay up-to-date.
A private key is a bit of code that is paired with a public key to set off algorithms for text encryption and decryption. A private key is the key to an account. Anyone with access to the private key ultimately has control over the account.
A public key is only used to encrypt messages, but not decrypt. A public key is published and shared so that anyone can send a particular receiver a secure message.
A snapshot is a record of all account balances at block height X. This “snapshot” can then be referenced to allocate the proper balances for the accounts at the genesis block of SYMBOL for those that have opted-in.
The V2.0 next-generation, open source decentralized blockchain platform from NEM. Its goal is to connect businesses to blockchain, helping businesses reduce cost and find new ways to create value.
Is a term for a testing network for blockchains, that allows testing for experimental features and do test version of apps without using real money.
A ticker SYMBOL is an arrangement of characters—usually letters—representing particular securities listed on an exchange or otherwise traded publicly.
The method through which SYMBOL's token will be distributed among XEM holders. Unlike a token swap a token allocation does not require XEM holders to forfeit their XEM. Each opted-in account will receive an equal amount of SYMBOL tokens as their XEM balance at the time of the snapshot.