NEM (XEM)

The exchange rate of one XEM at 16:13 UTC is 0.03763$

Chart | Average rate

The “NEM” project has always been considered the main competitor of Ethereum, as it contains the latest technologies that allow blockchain to be introduced into any area of ​​economic activity. The development of this platform is carried out by the international company “NEM Foundation”, most of whose employees consist of professionals in various fields from Japan, China and South Korea, as a result of which this platform is often called the “Asian blockchain”.

The speed of the NEM crypto network is ten times faster than that of the market leader Bitcoin, and the scalability is superior to that of Ethereum. Meanwhile, one of the main features of the system under consideration is the ability to create additional block chains on top of the main infrastructure, which can be crypto exchanges, social networks or any decentralized applications. In addition, it is possible to exchange messages, create your own cryptocurrencies and conduct ICOs with crowdfunding on the NEM platform.

The platform was launched back in 2015 as a fork of the NXT currency, but some time later, a complete transition to its own blockchain network was made. Moreover, the source code was written in the Java language, which subsequently attracted many advanced programmers who create their own crypto applications for various tasks.

The main priorities for the further modernization of NEM are to increase the speed and security of the infrastructure, despite the fact that the system is already capable of processing more than 5,000 transactions per second.

The emission of XEM, a proprietary cryptocurrency with a stock ticker, is 9 billion coins, which were issued immediately in full, so mining on this platform is not available. Also in 2016, a private partner network was launched for banking transactions using XEM called “Mijin”, which has the highest level of protection against outside interference and hacker attacks, as a result, it is already used by more than three hundred companies in fifteen countries around the world.

Among the main competitors of NEM, one can single out the Ethereum, NEO and EOS projects, which have similar scalable blockchains for solving many problems, but the ultimate goal of all these organizations is to create a global operating system that will become the standard for blockchain technologies, used in the real economy.

Almost all major trading platforms, including Binance, Huobi Global and KuCoin, are suitable for buying the XEM native currency, and it is recommended to use the branded cross-platform crypto wallet “NEM Wallet” as a safe storage.