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XEM
Exchange
USD
Market Cap
$4,680,157,683
24h Low / 24h High
$0.46733 / $0.57605
24 Hour Trading Volume
$83,240,395
Complete Metrics Score
Total62%
Major Exchanges Trading Activity
Liquidity65%
Source Code Repository Activity
Developer62%
Social Media & Discussion Board
Community52%
Market Cap $4,680,157,683
24h Low / 24h High $0.46733 / $0.57605
24 Hour Trading Volume $83,240,395
Complete Metrics Score
Total62%
Major Exchanges Trading Activity
Liquidity65%
Source Code Repository Activity
Developer62%
Social Media & Discussion Board
Community52%
XEM
Exchange
USD

NEM (Overview)

About

NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.

NEM has gone through extensive open alpha testing starting June 25, 2014, followed by lengthy and comprehensive beta testing starting on October 20, 2014.

POI is the consensus algorithm used in NEM to determine who will calculate the next block. An account's importance is determined by how many coins it contains and the number of transactions made to and from that account. POI is different from other initiatives which use a fee-sharing model that does not take into consideration one's overall support of the network. In some proof-of-stake systems a person only needs to have large amounts of coins to form a block; however, in NEM the transaction amount as well as support of the network become a factor. This has been designed to encourage users of NEM to not simply hold NEM but instead actively carry out transactions within the NEM ecosystem.

Genesis Date March 31, 2015 (over 2 years)
Hashing Algorithm

Proof of Importance

Hashrate
Block Time

1.0 Minute

Blockchain/Supply

https://forum.nem.io/

Available/Total Supply

9 Billion / 9 Billion