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NEM Coin (XEM) is a cryptocurrency made by UtopianFuture (a BitcoinTalk Forum User) in March 2015. NEM stands for New Economy Movement and it was started as a fork of NXT. However, the code has been thoroughly re-written in C++ giving rise to an entirely new codebase. It is a dual-layered blockchain solution that will power the Smart Asset Solution, a blockchain solution built on top of API calls.

The Smart Asset Solution is an innovative introduction to the blockchain space as it basically means that developers will not need to run any special NEM software as all functionality is accessed through API calls, increasing the efficiency in the development process for building dApps on the NEM blockchain. This greatly increases the flexibility for developers as it allows them to not only build dApps that can access the NEM API directly but also mix these API Calls with other server data whilst having NEM running in the background.

NEM also employs an innovative consensus algorithm that has been dubbed as Proof-of-Importance (PoI). PoI gives rise to a secure and decentralized network in which all nodes are well behaved as the system assigns an importance score that determines how often it can harvest XEM. Think of harvesting as mining; the higher a node's importance score, the more mining it can do. The importance is derived from users Vesting coins, a process where coins are locked up, similar to staking. The coins become "Vested" over time, increasing the importance score. Users need to have at least 10,000 XEM to be assigned an importance score.

In this tag you can discover NEM Coin (XEM) news, price prediction, opinion and analysis created by users.

Full List of NEM (XEM) Partnerships, Integrations, And Collaborations

4 May 2020 6 minute read 5 comments list3r

New Economy Movement or NEM is a dual-layer blockchain platform that tries to compete with other blockchain 2.0 platforms for various use cases, including supply chain management, records keeping, asset tracking, or new token issuance. NEM is one of...

ProximaX (XPX) - Good to Invest?

14 Apr 2020 4 minute read 0 comments paragism

  What is ProximaX? ProximaX was launched as a NEM blockchain based next-generation Integrated and Distributed Ledger Technology (IaDLT) infrastructure platform. The project was cofounded by Mr. Lon Wong, the first president of NEM foundation & Mr. A...

One Stop Cryptocurrency News Cast For Today ?

12 Mar 2020 3 minute read 0 comments One Stop

📮 12-03-2020 📈MarketCap:                  $169  B 📊24h Mcap %:                  -21.96% ⚠️Bitcoin Dom:                 65.3% 📌Active Coins:                2,878 📍24h Vol %:                    .59% 💲24h Vol:                    $186 B   Trade On These...

New Economy Movement: NEM

10 Mar 2020 5 minute read 2 comments M87

The competitive crypto market has seen the market cap of coins rise and fall. NEM (XEM) has been able to maintain being in the top 30 and currently ranked #27 at the time of this writing. Launching back in March 2015, began its journey in the crypto...

My few Investments

14 Feb 2020 1 minute read 0 comments almontubo

A few years ago I was knowing the world of cryptocurrency. At this time, the speculative bubble that take Bitcoin to the famous 20k USD, had not yet exploded. I was really young (neither eight-teen), not expert and with no money to spend in this kind...

What is Nem (XEM)? — 'Ripple in Disguise' — Beginner's Guide

5 Feb 2020 7 minute read 3 comments cryptomagis

NEM is a cryptocurrency developed by a group of members from the Bitcoin Talk forums, lead by "UtopianFuture". Inspired by the NXT currency, the original plan was to fork NXT and create the features/functionality they desired without the need to crea...

Are These Signs of an Alt Season?

3 Feb 2020 2 minute read 0 comments BitcoinGordon

The original source article is linked below. Everyone who has been in crypto long enough, has probably felt the pain of the long bear since 2018. Many promised immediate 10X, 100X, 500X profit, but what quickly happened was just the opposite. Even wi...

Is NEM (XEM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

22 Nov 2019 7 minute read 9 comments CryptoBoomer

The New Economy Movement or NEM, was once considered one of the strongest alternatives to Ethereum. Its native cryptocurrency, XEM, was once part of the top 10 coins by market cap. However, XEM has been slowly losing its popularity in the past year....

XEM / BTC technical analysis [BINANCE]

13 Nov 2019 1 minute read 2 comments MrBullishSail

XEM seen from the temporality of 1W we can observe as the structure of candles is within range zone, which I have delimited by the light blue rectangle, the price has correctly tested the zone of demand in 1W located in the 0.00000437 forming a d...

What is NEM? [A Comprehensive Guide to Understanding NEM]

20 Sep 2019 6 minute read 0 comments Mr.CryptoWiki

Just like Ethereum and many other projects created in 2015-2017, New Economy Movement or NEM is a dual-layer blockchain. However, the difference is that NEM is written in Java. NEM core team believe blockchain does not need to be complex. Blockchain...