XEM NEM Prices, Charts and Graphs | Coinread
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NEMXEM#54

$0.20
5.18% ($0.01, 24H)
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  • Market Cap$1,770,502,966
  • Volume (24H)$53,991,860
  • Circulating Supply8,999,999,999
  • Max Supply8,999,999,999
  • High (24H)$0.20
  • Low (24H)$0.19
  • Change (1H)0.21%
  • Change (7D)28.10%
  • Change (1M)44.68%
  • Change (1Y)254.96%

Standing for New Economy Movement, NEM (XEM) is a dual-layer blockchain launched in 2015 and written in Java. NEM’s first layer is its Smart Asset System, processing API calls from blockchain nodes to allow businesses to replicate almost any transaction on the blockchain as easily as possible. NEM’s second layer is its cryptocurrency, hosted on its mainnet which supports multiple ledgers. Based on a Proof-of-importance algorithm which ‘harvests’ XEM, the ‘importance’ of NEM users is decided by several factors. NEM’s unique means of incentivising its community rewards individuals simply for interacting with the currency, taking into account the amount of coins someone has along with the number of transactions they’ve engaged in. Security is built into NEM’s platform with multisignature accounts and P2P messaging.

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