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NEM (XEM)

NEM (XEM)

Information:

Blockchain icon Blockchain: NEM
Ticker icon Ticker: XEM
Type icon Type: Cryptocurrency
Proof type icon Proof type: Proof of Importance (PoI)
Algorithm icon Algorithm: PoI

Market Cap:

$368 498 135

Fully Diluted Valuation:

$368 498 135

Supply:

Circ icon Circ.: 9 000 000 000
Total icon Total: 9 000 000 000
Max icon Max: 9 000 000 000

Explorers:

Social Media:

News & Media:

* The circulating and total supply can be subject to changes. Always check the official website.

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NEM Price

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What is NEM?

“NEM is a blockchain platform that was launched in March of 2015. At the time it was one of the pioneers of the industry and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++.


Its most notable contribution to the space is the proof-of-importance consensus mechanism, which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java. 


Today, NEM sees the most utility as an alternative form of payment for businesses and vendors, and has a variety of applications built on top of it in Japan. Current development is centred around NEM’s merge with another blockchain platform: Symbol.”

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