NEM’s Dedicated XEM Cryptocurrency Exchange to be Powered by Blockchain Global

Australia’s Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Global has just announced that it is set to power the first dedicated cryptocurrency exchange platform for the NEM Foundation, built exclusively for trading of the NEM cryptocurrency (XEM).

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“This NEM exchange is the world’s first cryptocurrency exchange of its kind and we’re looking forward to working with Blockchain Global to build it,” said Lon Wong, President of NEM Foundation.

The NEM exchange will be built by white-labelling the technology powering Blockchain Global’s Australian Cryptocurrency Exchange (ACX), which claims to be Australia’s largest bitcoin exchange by volume, with over $A600 million traded to date.

“There is no one else in Australia building cryptocurrency exchanges, and this partnership places us at the forefront of Australia’s fintech innovation in this cryptocurrency space,” said Sam Lee, CEO of Blockchain Global.

“We’re excited for NEM to leverage our exchange, Blockchain IP and know-how to spearhead the development of this platform with more cryptocurrency exchanges to follow,” said Lee.

“We hope this cutting-edge NEM Exchange will pave the way for more world-leading Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term to take control of their future with their own cryptocurrency trading platforms,” said William Saunders, Business Development Manager at Blockchain Global.

“With the global cryptocurrency ecosystem bursting at the seams, we want to make sure businesses using NEM’s smart asset offering are not set back by the inability of global cryptocurrency exchanges keep up with demand,” added Wong.