NEM fee fork coming up in ~2 weeks

in #cryptocurrency7 years ago (edited)

I am pretty high on NEM - I think by the end of 2017 NEM is going to have catapulted far ahead of the low twenty cent USD range it is currently trading at.

In this case I wanted to put my money where my mouth is so I bought in to NEM at several dips in price over the last few weeks and now hold about 2000 XEM - not a large investment, but I don't have a large amount of money to invest either. I have been keeping an eager eye out for news on the upcoming Catapult upgrade (a complete overhaul and rerelease of the NEM code, migrated to C++ instead of the Java it currently uses, and with quite a few feature upgrades as well - read more about Catapult here). I still haven't been able to find anything except for rumors about when Catapult will spring on us but I did find another bit of good news for NEM investors today:

Upcoming NEM fee fork


There will be a fee fork which should occur around 8/20 and will lower most transaction fees by a factor of twenty and institutes some new low flat fees for certain transaction types.

Read more about it here:
https://nemflash.io/nem-beta-0-6-93-release-fee-fork/

Sort:  

Buy on RUMOR not on NEWS. Thanks for the info!

I didn't know it used Java - wow - that's scary.

Yeah there are lots of reasons to be excited about Catapult but leaving Java behind is definitely a big one

Thanks for sharing, @carlgnash! Coins that have zero/very low transaction fees are obviously going to attract people who trade frequently.

No prob - thanks @prince-maanisaad. Following you now :)

Good to know fees are getting down

Coucou @carignash,
Mon mari a 4500 NEM, il a bien augmenté mais c'est vrai que les frais sont très grands !

Oui je pense que c'est bonne nouevelle. Merci pour commentaire. Je parle un TRES petit peu :)

Oups, sorry !

pas de probleme

This post was resteemed by @resteembot!
Good Luck!

Learn more about the @resteembot project in the introduction post.

I got a bellyRub and this post has received a 1.98 % upvote from @bellyrub thanks to: @carlgnash.

Congratulations @carlgnash! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments
Award for the total payout received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by gnashster from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 62296.59
ETH 2441.07
USDT 1.00
SBD 2.65