NEM stands for New Economic Movement, and as the name itself suggests that the cryptocurrency is here to bring about a new revolution in the economic system. Its enterprise-grade solution is designed in such a way that it powers the blockchain economy itself.
NEM (XEM)is a peer-to-peer cryptocurrency and blochain lunched on March 31, 2015.Written in Java with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to Blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust ++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally. In 2017 the NEM Foundation opened a center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, and co-working space.
NEM technology allows multiple ledgers to coexist on one blockchain. NEM Smart Assets allows users to create mosaics which can represent any asset (e.g. currency). All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.
Here are a few potential use-cases:
- Health records
- Supply chains
- Notarizations
- Stock ownership
- Royalty payments
- Legal records
- Loans
- Inspections
Here are 10 reason why you will love NEM
- They recently announced the early phase of the Catapult Beta which is a new technology that will advance the fortune of the cryptocurrency.
- Public / private blockchain synergy: on-chain smart contracts have many issues both from a legal and security standpoint. Linking an immutable public chain (NEM) with a permissioned private chain (Mijin) will address many of these issues and allow greater mainstream adoption.
- Superior consensus algorithm
- Fast and low transaction fees.
- Superior features: The on-chain multi-sig, namespaces, and assets are well done and give the platform incredible real world utility bringing many promises of block-chain tech to fruition.
- Market capitalization, NEM made some impressive gains without instigating too much media hype. The gains have been slow, steady, and very consistent.
- The NEM foundation is also well funded and setup legitimately.
- Superior dev team
- No inflation & wide distribution
- Nem (XEM) have already proven they are up to the job. They are reliable and solid cryptocurrencie, and their future just looks excellent.
How to Buy NEM (XEM)
You can use Zaif, LiveCoin, YoBit, LiteBit and Exrates to get XEM via some convenient payment methods.
Zaif is a Japanese exchange that accepts payments with Visa and MasterCard credit cards. There are, however, a few limitations – Zaif unly supports JPY and the cards have to be issued by a Japanese bank.
Exrates, on the other hand, supports a lot of fiat currencies, so you can buy NEM with USD, EUR, CNY, IDR, NGN, TRY, AED.
LiveCoin allows trading of NEM against BTC, ETH and USD. It supports bank transfers, Perfect Money (for EUR and USD only) and the Capitalist, OKPay, Payeer and Advcash online payment platforms.
The Dutch exchange LiteBit accepts bank transfers, GiroPay, Sofort and iDeal.
Go get your XEM today, it only ranked number 17 on https://coinmarketcap.com/ and you can still get your hands on a XEM for less than $1.
Downloads:
https://nem.io/wp-content/themes/nem/files/NEM_techRef.pdf
https://nem.io/wp-content/themes/nem/files/ApostilleWhitePaper.pdf
https://nem.io/wp-content/themes/nem/files/catapultwhitepaper.pdf