Nem
NemXEM
$ 0.1085Latest price
0.65 %Change 24H
$ 976.50 MMarket cap
XEM 135,524.8Volume 24H

Nem Quick overview

Unit

XEM

Max and circulating supply

8,999,999,999 XEM

Created in 2014. Launched in 2015.

Created by a non-profit organization founded in Singapore.

Block

A block can contain up to 120 transactions. Maximum block size is not defined.

Mining

NEM uses the term harvesting.

Open source project available on github.

Smart Asset System.

Powerful API interface that can be used with many programming languages.

NEM offers public or private blockchains to customers.

NEM transaction might be 100% transparent.

EigenTrust++ algorithm is used for peer-to-peer communication.

Embedded messaging and escrow services.

What is Nem?

  • NEM is a blockchain platform designed and coded from scratch.
  • Included in the top 10 cryptocurrency by market cap.
  • NEM cryptocurrency is very popular in Japan.
  • NEM introduced a unique consensus mechanism called proof of importance (POI).
Nem
Coin rating:
Total rating: 2 Avg. rating: 4
07. 10. 2018

I think the last paragraph is a bit misleading - it is the delegated private key not the actual private key - For delegated harvesting remote NIS needs to have the delegated private keys of the account.

ssb