7 FACTS ON NEM
#1 In March 2015 NEM ($XEM) evolved as a fork-out version of the virtual currency NXT. Now it calls itself the Smart Asset blockchain managing assets and data easily and at low cost.
#2 It is written in Java and JavaScript with 100% original source code.
#3 XEM uses
#harvesting similar to
#mining but when a new block is created the harvesting account gets the fees. You require a minimum vested balance of 10,000 XEM to start harvesting plus a transaction fee of 0.15 XEM.
#4 It’s operated by a non-profit organization based in Singapore.
#5
#NEM uses a Proof-of-Importance (PoI) algorithm more energy-efficient than a Proof-of-Work (PoW) used by
#bitcoin. It’s similar to Google’s PageRank and helps to check reliability of transactions.
#6 Also $XEM is not being used for payments as $BTC. And it didn’t stop NEM to be at 12th place by its market cap.
#7 NEM is available
to store, send, buy, sell and exchange using the decentralized, custody-free crypto wallet.