A peer-to-peer crypto platform – NEM (XEM) Cryptocurrency Review

A peer-to-peer crypto platform – NEM (XEM) Cryptocurrency Review

The NEM Blockchain software is used at a industrial blockchain called Mijin, which has been analyzed by financial institutions and private businesses in Japan and globally.

The NEM Foundation, in charge of the NEM project aims to market the technologies of its Blockchain. And indeed it is one of the most successful projects in the specialty of cryptocurrencies.

NEM is the world’s earliest Blockchain Smart Asset. Along with his letters NEM mean New Economy Movement. You’ll find 9 billion XEM coins in circulation, all of which were made before the launching. NEM is made in Java, and it was constructed from the ground up, so as to deal with issues which are faced by many cryptocurrencies now (like ease of use, speed, and scalability).

This blockchain was launched in June 2014, but its first stable version was released in March 2015. The cryptocurrency associated with it is understood by the letters XEM.


NEM is a peer-to-peer crypto platform. The first strategies for NEM was to create a branch of NXT but this was eventually dismissed in favour of a wholly new codebase. NEM has a stated goal of a broad distribution model, and it has introduced new attributes from blockchain technology in its Proof of Importance (POI) algorithm.

If you would like to get NEMs (XEM), then you will have to establish an NEM portfolio at first to keep them. The wallet that affirms the NEM is the NanoWallet that downloads from the NEM site.

NEM is set To alter the trailer of blockchains by implementing the wonderful POI Consensus algorithm, which is a fantastic alternative. You can send and receive Payments and messages quickly, safely and at low price on a worldwide Scale without the necessity for a bank account. You can create, purchase, sell, or Trade assets and goods globally. In the future, there shall be more Exciting features to come also.

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