NEM

NEM (XEM) is a cryptocurrency and blockchain platform designed for businesses and individuals. It was launched in March 2015 and built from scratch, unlike other blockchains that were originally based on Bitcoin's code. NEM uses a unique consensus algorithm called Proof of Importance (PoI) to secure its network, which takes into account a user's overall support of the network, as well as their transaction history.

One of the features that sets NEM apart from other blockchain technologies is its focus on data management. NEM allows businesses to store and manage data on the blockchain in a secure and efficient manner. This means that businesses can use NEM to create tamper-proof records of their transactions, which can be accessed and verified by anyone with permission.

At the heart of the NEM blockchain is the NEM Smart Asset System. Smart assets are customizable, digital assets that can be used to represent anything from physical assets like gold or real estate, to intellectual property like patents or trademarks. The NEM Smart Asset System allows users to create and manage their own smart assets, which can be traded on the NEM blockchain.

Another unique feature of NEM is its multi-signature accounts, which allow multiple users to control the same account. This is particularly useful for businesses who want to ensure that transactions are approved by multiple parties before they are executed.

The NEM blockchain also includes a messaging system, which allows users to send encrypted messages securely over the network. This makes it an ideal platform for businesses that need to share sensitive information with their customers or partners.

NEM has its own native token called XEM. It can be used to pay for transactions on the NEM blockchain and can also be traded on a variety of cryptocurrency exchanges. XEM has a total supply of 8,999,999,999 tokens, with over 9% of the supply in circulation.

Overall, NEM is an innovative blockchain platform that is focused on providing businesses and individuals with a secure, customizable, and user-friendly experience. With its unique features like the NEM Smart Asset System, multi-signature accounts, and messaging system, NEM is making a name for itself as one of the leading blockchain platforms for enterprise applications.