NEM ( XEM ) is a Digital Asset which is categorized as a Cryptocurrency Coin and is Not Mineable Digital Asset. NEM ( XEM ) Latest Price in USD is $0.043665 with a Gain of (2.97 %)
in last 24 hours.NEM ( XEM ) 24 hours Trade Volume in USD is $4,326,508. NEM ( XEM ) Market Capitalization in USD is $392,980,855. NEM ( XEM ) has a Circulating Supply of 8,999,999,999 XEM with a Max Supply of 8,999,999,999 XEM . NEM ( XEM ) All Time High (ATH) Price in USD is - which was on - . NEM ( XEM ) is ranked #19 by Market Capitalization with a market dominance of 0.30 . Most Traded pair of NEM ( XEM ) is - on - Exchange with a 24 hours trade Volume of - which is 00.00% of total trade volume reported on - Exchange in past 24 hours. You can find more information about NEM ( XEM ) at http://www.nem.io/
• NEM was launched on March 31, 2015
• NEM was developed by a Bitcoin Talk forum user called UtopianFuture
• NEM follows Proof of Importance (PoI) protocol
NEM is peer-to-peer cryptocurrency and Blockchain platform. NEM has a stated goal of a wide distribution model and has introduced new features to Blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an EigenTrust ++ reputation system. The Proof of Importance (PoI) is an innovative consensus protocol that is one step ahead of Proof of Stake (PoS) protocol. In PoI, along with the number of coins responsible and consistent presence of Blockchain related activites is required by validators to mine/forge a new block successfully. The NEM Blockchain software is used in a commercial Blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally. NEM implements multisig (short for multi-signature) technology on its platform.