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NEM | XEM

$0.001928

Coin info

Rank
#1259
Market Cap
$17,429,362
Volume (24h)
$7,065,378
Circulating Supply
8,999,999,999
Total Supply
8,999,999,999

Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply

Do you think the price will rise or fall?

Rise 40%

Fall 60%

About NEM

NEM was a blockchain platform launched in March of 2015. At the time it was one of the pioneers of the industry and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution, however, was the PoI consensus mechanism which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java. Today, NEM remains a highly-traded cryptocurrency. Current development is centered around NEM's merge with another blockchain platform: Symbol.