Jeff McDonald is the co-founder of the NEM Foundation. Jeff was one of the first members of the NEM community and has helped build the NEM project to where it is today. NEM is preparing for the launch of Symbol (codename Catapult), the second generation of the NEM blockchain.
Jeff McDonald shares recollections of the NEM journey to date. NEM was one of the earliest enterprise blockchains and began life as a thread on the BitcoinTalk forums before growing into a top 5 market cap asset with NEM communities all over the globe. Symbol (codename Catapult) represents a full rewrite of the NEM protocol. NEM core dev Jaguar recently published an update that unifies the governance plans for all NEM ecosystem entities to support one goal - the launch of Symbol later in 2020.
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Key takeaway:
In building Symbol, Jeff says NEM have applied all the learning that comes from running version 1 of their blockchain in production for four years. Symbol is a more performant, scalable and feature-rich protocol as a result. It will become the core NEM engine, powering both private and public blockchains. Jeff says the 3 other blockchain projects that he sees as the most formidable competitors are Libra, Hyperledger and Ethereum.