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