The NEM crypto is a decentralized blockchain-based development platform and the cryptocurrency powering it. It is developed and maintained by the NEM foundation. The NEM (XEM) coin is traded on most cryptocurrency exchanges as one of the biggest players of the industry. The NEM blockchain uses an innovative consensus algorithm called the Proof-of-Importance algorithm.

Every participant of the NEM blockchain with over 10,000 XEM has an “importance score.”  NEM users with a higher importance score have an advanced opportunity to get mining rewards. Proof-of-Importance positively affects both the NEM blockchain and NEM price by making users more willing to perform transactions and store value in XEM. You can check NEM price online with Coin360.com.


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