|Brief||NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system.|
|Last updated:||Tuesday, September 29, 2020 10:00:03PM UTC|
|Crypto Volatility Index (CVIX):||61|
|Current price, USD:||0.118387|
|Market capitalization, USD:||1 065 482 441|
|Available supply:||8 999 999 999 XEM|
|Volume 24 hours, USD:||21 802 141|
General XEM facts, technical details and general information about NEM crypto currency
NEM (XEM), which stands for New Economy Movement, is a dual-layer blockchain that is written in Java and launched in 2015. The NEM mainnet supports multiple ledgers and has a NEM Smart Asset system, where nodes on the NEM blockchain process API calls. Its native currency is XEM, is 'harvested' using its POI (Proof-of-Importance) algorithm. The 'importance' of NEM users is determined by the number of coins they have and the number of transactions associated with their wallet. NEM also has an encrypted P2P messaging system, multisignature accounts, and an Eigentrust++ reputation system.
NEMs blockchain platform was designed and coded from the ground up for scale and speed. NEM"s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM"s open, public blockchain can grow without ever compromising throughput or stability.
Such kind of protocol means that a XEM user’s value is determined through how many coins he controls and the amount of transactions he makes. The creators also offered an integrated system for the exchange of encrypted data, the use of a multi-signature and the Eigentrust ++ system. This recipe has been successful so far and helped the cryptocurrency win its way into TOP 10 currency rating.
The NEM Smart Asset System allows you to totally customize how you use the NEM blockchain. First, your Namespace defines your home on the blockchain where you can name your own Mosaics, provide easy-to-remember names to user addresses, and more. Mosaics then are the basic building blocks of Smart Assets that you can use to represent lots of simple things: it could be a coin, a signature, a status update or more – you decide.
To create truly Smart Assets however, NEM allows you to create Addresses that act as containers for Mosaics that can be connected with Multisig rules. An address can simply represent a user, such as an account holder. But it can also represent an individual unique asset such as a document, or a song, or a package. You can then update that asset through configurable Transactions. See our “example use cases” below to see how Smart Assets can be used to create a wide variety of blockchain solutions, quickly and reliably.
We list daily NEM historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Sep 20||0.114795||0.108702||0.114795||990 609 930|
|Sep 21||0.112484||0.106371||0.115294||977 384 731|
|Sep 22||0.108011||0.104230||0.108011||965 800 522|
|Sep 23||0.108130||0.103666||0.110079||964 864 596|
|Sep 24||0.105062||0.104036||0.108299||974 692 062|
|Sep 25||0.108251||0.105931||0.118212||1 031 479 403|
|Sep 26||0.115253||0.115231||0.124866||1 095 315 697|
|Sep 27||0.121947||0.118384||0.124924||1 096 938 407|
|Sep 28||0.121691||0.119844||0.124087||1 090 465 328|
|Sep 29||0.119073||0.116144||0.119595||1 065 482 441|
|XEM price change 24 hours||-1.36%|
|XEM price change 7 days||10.26%|
XEM is at the point of boom or bust. It needs to surprise everyone with a real rush of investors or it will be eternally forgotten. XEM never had anything to offer to the blockchain community, and it still doesn’t. Until they can find some way to...
Phil0mena April 22, 2020 XEM
XEM is among the cryptocurrencies that suffered the biggest blow during the notorious crypto winter of 2018. The near-bankruptcy situation, which led to NEM Foundation firing most of its staff, had almost run the organization into the ground. But to...
Caddy Nite October 25, 2019 XEM
XEM not only went bankrupt, but it's so far down in value that it can't go down any further at this point. Although XEM basically doesn;t have any users on its platform or any real partnerships, it's basically a perfect buy. If you aren't buying XEM...
Lennon March 26, 2019 XEM
It's so funny, NEM basically was bankrupt and fired all their workers and now they secure funding at the coin pump 10%? I mean this is why crypto isn't going anywhere right now. The people are too gullible thinking any of this will keep this...
Anne March 9, 2019 XEM
It seems that NEM, a top 20 coin market cap coin, is nearly broke according to the NEM foundation. Considering there's been zero developmental updates, this news finally makes sense. I'm surprised the price hasn't done a nose dive. The foundation...
Lisa February 25, 2019 XEM
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