The NEM.io Foundation, creators of the peer-to-peer NEM blockchain platform, and Trezor announced the launch of new firmware and integration into the NEM blockchain. NEM will also launch the first Nanowallet that allows unified login with Trezor credentials. NEM joins other coins on Trezor including Bitcoin, Ethereum, and Zcash.
Along with providing support for XEM, Trezor will also be able to provide support for assets built on the NEM blockchain. NEM’s architecture has been designed with 100 per cent new code, and one benefit of this is all tokens are “native” tokens, which means anytime XEM is upgraded or support added by a third party, support for all assets created on NEM are also added. At this time, other assets being supported by this release are two assets for DIMCOIN, two assets integrated with the PacNEM game, and one asset for the Breeze project.
XEM is the world’s tenth largest cryptocurrency according to CoinMarketCap, with a market capitalization of US $1.6 billion. NEM’s technology is currently employed by a variety of financial institutions and industries. When considering demand and trade volume, NEM also boasts being one of the most popular altcoins in Japan.
Trezor is the first Bitcoin hardware wallet, offering unmatched security for cryptocurrencies and password management, providing ease of use for anyone from security experts to the general user. Trezor’s design breakthrough allows the hardware wallet to isolate all private keys, with which transactions are signed. No confidential data is ever leaked to the computer, so even if the computer was ridden with viruses, a person’s NEM assets will still be safe.