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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.

GetBlock Partners with NEM to Enable Node Support for XEM

27 Jan 2021 2 minute read 0 comments GetBlock

We are excited to announce a new partnership between NEM or the so-called Smart Asset blockchain and GetBlock, a node service provider. From now on, an individual developer or a company who wants to integrate the XEM technology into their dApp can us...

Top 5 Cryptocurrency Movers for December 31, 2020

31 Dec 2020 2 minute read 0 comments JakeB

Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the h...

NEM (XEM) Completing Final Leg Of Harmonic Shark For Upto 124% Rally

31 Dec 2020 1 minute read 0 comments moon333

On the daily chart, the price action of the NEM (XEM) coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone. Click here to create a free account on tradingview to watch and play the chart in rea...

NEM ( XEM ) launching SYMBOL ( XYM )

12 Dec 2020 1 minute read 0 comments Snow Under Sun

NEM ( ticker XEM ) is well known coin. 16th rank in Coinmarketcap at price of 0.25$ / 1350 sat. $2,252,121,356 USD market cap. Listed in many major exchanges. Nem will launch Symbol blockchain on 14th of January. All XEM holders in wallets and suppo...

Future Of NEM And Reward SYMBOL Token

11 Dec 2020 3 minute read 0 comments Nas.A

  Future Of NEM And Reward SYMBOL Token   NEM ( XEM ) is a cryptocurrency and blockchain platform launched in 2015. NEM, "New Economy Movement". NEM is a blockchain network technology and XEM is the cryptocurrency used in this blockchain network tech...

5 Cryptocurrency Coins That traders should keep an eye on this week

30 Nov 2020 3 minute read 0 comments Codex

It seems that after the recent Bitcoin price hit the high of 2020, CME's open interest contract has jumped to $ 1.16 billion and has become the world's largest Bitcoin Future market. According to Arcane Research, this indicates that institutional inv...

A month of multiple partnerships & collaborations - NEM Ecosystem | NIS1 | Symbol Blockchain

3 Nov 2020 1 minute read 1 comment ultron91x

Hello folks, October 2020 was a great month for NEM ecosystem because we saw many partnerships, integrations and collaborations. So, I decided to either write an article or create a video for community so that everyone would be aware about it. After...

Overview of Symbol Blockchain | An enterprise blockchain from NEM | Symbol Opt-In Demo

27 Oct 2020 1 minute read 1 comment ultron91x

NEM is a group of individuals who trust each other to deliver and wants to shape the future of blockchain by sustaining a strong and healthy ecosystem that will contribute to the development of blockchain technology for generations to come, which wi...

How to survive the top 20 crypto rout

3 Sep 2020 1 minute read 0 comments ManuelAR

This morning the crypto trader’s board is flashing red all over, 16 of the top 20 cryptos by market capitalization are posting loses against the USD. It looks like it’s profit-taking time, a day after the top crytpocurrencies were all rushing forward...

The New Economy Movement (NEM) – What Do You Need to Know?

7 Aug 2020 7 minute read 0 comments ChangeNOW

NEM (XEM) is essentially a peer-to-peer cryptocurrency and blockchain platform developed in the Java and JavaScript languages. The platform is maintained by Bitcointalk. The Utopian Future users were inspired by NXT coin. While the developers initial...