NEM
| Last updated | 6 hours ago |
| Price per XEM in USD | $ 0.023521699853286 |
| Price per XEM in Bitcoin | 0 |
| Volume over the last 24 hours | $ 100,842,192 |
| Market cap in USD | $ 211,695,299 |
| Change in % over the last hour | 0.55498498 |
| Change in % over the last 24 hours | 7.06076412 |
| Change in % over the last 7 days | 19.15975642 |
XEM specifications
| Name | NEM |
| Symbol | XEM |
| Minable | No |
| Algorithm | N/A |
| Prooftype | PoI |
| Total coin supply | 8999999999 |
| Premine: | N/A |
Coin description
NEM (New Economy Movement) is a blockchain platform focused on enterprise solutions, offering features like smart asset management, secure messaging, and customizable blockchains. It uses a unique consensus mechanism called Proof-of-Importance (POI), which rewards users based on their activity and contribution to the network. Unlike proof-of-work systems, POI eliminates the need for mining, making it energy-efficient and environmentally friendly.
NEM Enterprise Applications
NEM's architecture supports a wide range of use cases, including supply chain tracking, voting systems, and financial services. Its emphasis on scalability and security makes it attractive to businesses seeking blockchain integration. For example, NEM's Catapult update introduced features like multi-level multisignature accounts, enhancing its capabilities for enterprise-grade applications. These advancements have positioned NEM as a reliable choice for organizations looking to adopt blockchain technology.
Another key feature of NEM is its modular design, which allows developers to customize the blockchain according to their specific needs. This flexibility, combined with its robust security model, has attracted interest from industries ranging from healthcare to logistics. Keywords like NEM smart assets and Proof-of-Importance are closely associated with this project.