What is Harvesting?

Harvesting is closely similar to mining in other cryptocurrencies except that it uses unique methods called the Proof-of-Importance and Delegated Harvesting to determine which node will calculate blocks and add them to the blockchain. Anyone may create a public node, adding capacity to the network. That added capacity is rewarded by the node’s ability to harvest the fees associated with any transaction they happen to process.

What is Harvesting?

Harvesting is closely similar to mining in other cryptocurrencies except that it uses unique methods called the Proof-of-Importance and Delegated Harvesting to determine which node will calculate blocks and add them to the blockchain. Anyone may create a public node, adding capacity to the network. That added capacity is rewarded by the node’s ability to harvest the fees associated with any transaction they happen to process.

Why Harvesting?

No special hardware

No special hardware

Environmental friendly

Environmental friendly

Inexpensive

Inexpensive

Transparent

Transparent

Why Harvesting?

No special hardware

No special hardware

Environmental friendly

Environmental friendly

Inexpensive

Inexpensive

Transparent

Transparent

Proof-of-Importance Algorithm

NEM NIS1’s consensus is built on a unique Proof-of-Importance algorithm similar to Google’s PageRank to prevent a variety of attacks on the trustworthiness of blockchain transactions. It serves the same purpose as typical Proof-of-Work (PoW) mechanisms used by Bitcoin and other cryptocurrencies but is much more scalable and energy-efficient. This allows nodes to run on almost any hardware while still providing an absolutely secure network that can scale without limit.

Proof-of-Importance Algorithm

NEM NIS1’s consensus is built on a unique Proof-of-Importance algorithm similar to Google’s PageRank to prevent a variety of attacks on the trustworthiness of blockchain transactions. It serves the same purpose as typical Proof-of-Work (PoW) mechanisms used by Bitcoin and other cryptocurrencies but is much more scalable and energy-efficient. This allows nodes to run on almost any hardware while still providing an absolutely secure network that can scale without limit.

Delegated Harvesting

NEM NIS1 was the first blockchain to introduce delegated harvesting, a unique way to harvest XEM while keeping funds safe. Delegated harvesting enables accounts to receive rewards from creating new blocks without running a node. This is an efficient way to pool account power without exposing any private keys.

Delegated Harvesting

NEM NIS1 was the first blockchain to introduce delegated harvesting, a unique way to harvest XEM while keeping funds safe. Delegated harvesting enables accounts to receive rewards from creating new blocks without running a node. This is an efficient way to pool account power without exposing any private keys.

Delegated Harvesting

NEM NIS1 was the first blockchain to introduce delegated harvesting, a unique way to harvest XEM while keeping funds safe. Delegated harvesting enables accounts to receive rewards from creating new blocks without running a node. This is an efficient way to pool account power without exposing any private keys.