NEM XEM Price Charts Market Cap Index

NEM XEM Price Charts Market Cap Index

NEM (XEM) price charts, high low price, graph history, live trade market, market cap value, latest news and other info. XEM to USD (XEM/USD). NEM price ✓ $ $0.054 USD (0.28 %) NEM Stay up to date with the current price of NEM .
NEM (XEM) CryptoRank 23
Website
N/A

NEM (XEM)
NEM
XEM Values XEM

NEM (XEM) valuesUSD Price
$0.054

NEM (XEM) BTC Price
0.0000053

NEM (XEM) 24h Vol
$39.24 M

NEM (XEM) Market Cap
$485.09 M

NEM (XEM) Circulating
8,999,999,999

24h Vol
3,866 BTC
1 Hr
-0.59 %
24 Hr
0.28 %
7 Day
-10.61 %
Today NEM (XEM) price in US dollars is currently $0.054 USD, and if converted to Bitcoin is 0.0000053 BTC. NEM (XEM) prices are currently changing by 0.28% , with total coins in circulation totaling 47,798 coin's . Over the past 24 hours $39.24 M US dollars NEM (XEM) has been traded on Crypto Exchanges and 89 total market cap pairs. Get NEM (XEM)'s progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
NEM (XEM)
Start Date
N/A
Algorithm
N/A
Proof Type
PoI
Facebook
N/A
NEM (XEM) Block NumberBlock Number
N/A
NEM (XEM) Block TimeBlock Time
60
NEM (XEM) Block RewardBlock Reward
N/A
Total Mined
8,999,999,999 XEM
Max Supply
0
NEM (XEM) Net Hashes Net Hashes
N/A
XEM Charts

NEM (XEM) Price Charts

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Description

NEM (XEM) Description

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. NEM finally launched on May 31, 2015.

Technology

NEM (XEM) Technology

Consensus Mechanism: Proof-of-Importance
Genesis Date: March 31st, 2015
Block Time: 1 minute
Available/Total Supply: 8,999,999,999 XEM
Block Reward: N/A (transaction fees only + node rewards)

XEM
XEM is the native currency of the NEM public blockchain. It is used to pay for transactions on this public blockchain in order to incentivize its network of public nodes that process and record transactions for businesses and users there. This means that XEM has real fundamental value as the currency of a functioning economy.

Harvesting
Harvesting is closely similar to mining in other cryptocurrencies, but it uses unique methods called Proof of Importance and Delegated Harvesting to determine who harvests the next block. Harvesting is necessary to keep the network online and to confirm transactions.

Supernode Program
Supernodes are high performance blockchain nodes which form the backbone of the NEM blockchain network. Accounts with 3,000,000 or more XEM can operate a supernode, either from a local computer or from a cloud-hosted server. Supernodes are required to be up and running 24 hours per day, processing all transactions.

Catapult
Catapult is a full-featured blockchain engine that can power both private and public networks with its unique smart contract plugins. These plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.
In its next phase, Catapult will become the core NEM engine. Public chain Catapult has been in testing for three years to thoroughly troubleshoot bugs and implement features. Its expected release is in 2019.

Proof-Of-Importance
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.

You can read more about NEM’s tech in the Technical Reference.

 

 

Features

NEM (XEM) Features

- NEM is built 100% from scratch (not a fork of any existing project)
- NEM is built with test-driven development.
- NEM uses innovative Proof-of-Importance algorithm: first reputation based blockchain algorithm.
- NEM is the first crypto with delegated harvesting.
- NEM improves different features of POW and POS coins, being more efficient and environmentally friendly.
- NEM has customizable assets called Mosaics. Editable supply, levies, description, transferability and more.
- NEM has Namespaces to help maintain reputation of Mosaics.
- NEM one minute average block times.
- NEM has advanced blockchain features: multilevel multisig (Multisig 2.0), aggregate transactionsaccount propertiescross-chain swap.
- NEM is the first with localized spam protection.
- NEM is the first with Eigentrust++ peer reputation management.
- NEM is the first editable m-of-n multisig with blockchain based alerts.
- NEM is the first every P2P network with nodes time syncing in a decentralized manner.
- NEM offers encrypted, unencrypted and hex messaging.
- NEM is easy to install with a one-click installer.
- NEM zero monetary inflation (fixed supply, all 9 billion coins released at launch).
- NEM relatively large egalitarian distribution.
- NEM will offer mobile wallets for both iOS and Android.

Quick Stats
NEM Rank 23
NEM Price $0.054
NEM Price (BTC) ฿ 0.0000053
24h Vol$ 39,239,221
Market Cap$ 485,088,171
1h
-0.59 %
24h 0.28 %
7d
-10.61 %
Coin Details
NameNEM (XEM)
SymbolXEM
Start Date -
Total Mined 8,999,999,999
Previous Mined -
Net Hashes 0
Algorithm -
Proof Type PoI
White Paper -
Top Coins
NamePrice24h
1. BTC $10,148.70 -2.07 %
2. ETH $184.26 -0.55 %
3. XRP $0.27 0.71 %
4. BCH $304.80 -1.65 %
5. LTC $72.35 -2.87 %
Top Gainers
NamePrice24h
312. BDT $0.12 9758.94 %
1168. BAY $0.020 1152.54 %
1188. CREDO $0.0068 589.33 %
1261. CYFM $0.000018 537.61 %
1504. WSP $0.0040 536.47 %
Top Losers
NamePrice24h
1359. ZEUS $0.0000030 -92.98 %
2161. GMBC $0.00012 -74.45 %
1838. COU $0.0000020 -72.89 %
2177. LVL $0.00011 -71.27 %
1889. LRM $0.00023 -71.10 %
NEM News
Potential crypto scam discovered by Luxembourg regulator

Potential crypto scam discovered by Luxembourg regulator
The Financial regulator of Luxembourg, the Commission de Surveillance du Secteur...

Luxembourg Financial Watchdog: Crypto Entity Lied About Licensure

Luxembourg Financial Watchdog: Crypto Entity Lied About Licensure
Luxembourg’s financial watchdog has warned the public about a crypto-related fir...

Australia Exempts Cryptocurrenies From Cash Payment Limit Proposal

Australia Exempts Cryptocurrenies From Cash Payment Limit Proposal
Australia's treasury department has carved out new guidelines limiting the s...

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