New Economy Movement – NEM (XEM) Cryptocurrency Review

New Economy Movement – NEM (XEM) Cryptocurrency Review

The NEM Blockchain has many features like working as a protected voting System for authorities, crowdfunding, Escrow services and many other Exciting use cases.

Conceptualized in January 2014 and launched in March 2015, NEM is currently a decentralized blockchain-based peer system network where third parties can build their own applications, such as cryptocurrencies and crowdfunding tokens. NEM provides both public and private (Mijin) blockchains.

NEM, or even New Economy Movement, is a community-oriented cryptocurrency That goes by the symbol XEM. NEM originally launched as a branch of Nxt, but its founders eventually coded a totally new platform from the bottom up.

Nowadays, the NEM blockchain applications has been implemented in uses beyond cryptocurrency. It is best known for being used in a commercial blockchain named Mijin, for instance, that is presently being used by financial associations in Japan and across the world. Each of the features available with NEM are also accessible with Mijin. However, Mijin has the further advantage of contract support.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

NEM and its own community are best represented by the NEM Foundation which functions as a nonprofit organization that’s based from Singapore.

The NEM base permits members from all over the world to take part in the NEM undertaking.

NEM has performed an fantastic job in regards to promoting itself. They often post on the NEM blog, and you can find updates easily on popular social networking platforms such as Twitter, Reddit, along with the Bitcointalk forum.

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