Guides to Cryptocurrencies

NEM (XEM) Cryptocurrency and Blockchain Guide

NEM Logo

What is NEM (XEM)?

NEM is the abbreviation for New Economy Movement and is a peer-to-peer transparent cryptocurrency and blockchain ecosystem that enables multiple ledgers to coexist on one blockchain. It is written in Java and uses the Proof-of-Importance (PoI) consensus algorithm to validate transactions, harvest its native XEM cryptocurrency and records reputation scores.


Overview


Full name: New Economy Movement (NEM)

Blockchain: NEM

Ticker Symbol: XEM

Coin Price: Latest XEM Price

Launch Date: 31 March 2015

Circulating Supply: Around 8,999,999,999 XEM

Algorithm: POI (Proof-of-Importance)

Organization: NEM Foundation

Block Explorer: chain.nem.ninja


Native Token


NEM’s native cryptocurrency coin is the XEM token. Users who own more than 10000 XEM can become a miner to start harvesting with the PoI consensus protocol. When a user account harvests a block, it validates all transactions in that block and records them permanently on the blockchain to earn transactions fees for its owner.


Team


President: Alexandra Tinsman

Vice President: Jason Lee

Council Member / Cofounder: Jeff McDonald


Links


Official Website

Bulletin Board

Blog

Forum

Telegram Chat

Source Code

Technical Reference


Trading


Buy XEM

Sell XEM

Price Comparison


Next Page


Back to Cryptocurrencies Menu