Overview

This section presents high-level concepts to understand NEM features.

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NEM basic concepts interrelated

  • Account: Key pair associated to a mutable state stored on the blockchain. Certain permissions can be assigned to other accounts.
  • Transaction: Actions taken on the blockchain that change its state.
  • Namespace: Unique naming convention system.
  • Mosaic: Asset representation system.
  • Block: Group of transactions that links to previous block, conforming the blockchain.
  • Node: Entities that exchange data in the network.