New NEM Protocol: Tech Bureau, a developmental group for blockchain technology software and services, has announced the release of its mijin v.2 blockchain engine, which is also known as Catapult.

Catapult Features the New NEM Protocol

Catapult will feature an updated version of the NEM protocol and is meant to be available on both public and private networks.

ANNOUNCEMENT: Catapult is now on private network! More info: https://t.co/V9zmQZLC3x pic.twitter.com/F7yzlyIVhC
— NEM (@NEMofficial) May 14, 2018

Tech Bureau North America CEO, Tom Beno, has said that “this is a key milestone on the roadmap to release the Catapult blockchain platform publicly as well as launch the developer lab, which will lay the groundwork for [their] mijin enterprise cloud offering.”

This is why it is called #Catapult. It launches the #NEM blockchain into a higher place. #NEMInfoBites pic.twitter.com/3rbKsDsMmG
— NEM (@NEMofficial) April 15, 2018

The new features provided in Catapult, such as combined transactions and multi-level, multi-signature accounts, will help to speed up the adoption of enterprise blockchain by making it more simple to use and implement tasks involving“elecTron (available on Binance)ic money systems, user authentication, land and property registration, logistics tracking, food traceability, or other uses.”

In conjunction, Tech Bureau will also be releasing “a self-service, on-demand developer lab” which will allow individuals and companies to quickly and easily start on Catapult without having to worry about managing the structure and organization of it on their own.

What are the People Saying?

Some users are happy to hear about the announcement, with one user even calling NEM “the most developer-friendly blockchain platform.”

Congrats to @NEMofficial on the release and open sourcing of the Catapult #blockchain. NEM is THE most developer friendly blockchain platform and they’ve made it even better.
— Mark Price (@markprice_dev) May 15, 2018

$XEM
Still in the range. RSI did a great bounce. Beginning of a new uptrend is expected. Don’t fomo in though. Overall MAY / JUNE should be bright for #NEM as #catapult is coming and the team will make a show at #Consensus2018 ! 😉#Bitcoin (available on Coinbase) #NEMCatapult pic.twitter.com/kjbHF76gpU
— CryptoMajor (@cryptosyms) May 14, 2018

NEM(XEM) Price Chart

NEM (XEM) has fallen nearly 9% within the past 24 hours, reaching nearly $0.34 USD, with a market cap of almost $3.1 billion and a 24-hour volume of approximately 21.0 million.