1H
-1.61%$0.0000
24H
-5.47%$0.0001
7D
6.06%$0.0001
30D
-8.06%$0.0001
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, 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 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 technology allows multiple ledgers to coexist on one blockchain. Thanks to NEM Smart Assets users can create mosaics which can represent any asset (e.g. currency). All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.
In 2017 the NEM Foundation opened a center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, and co-working space.
Guide to what is spot market and it’s a definition. Check out examples of the cash market along with its components and key terms.
Here is everything you need to know about a crypto flash crash – a situation when crypto assets lose a significant amount of their value in a short period and then recover soon after. You will find out how it works, how it can affect you, and if it is possible to prevent it.