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NEM (XEM)
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, NEM has Xaurum coin mining pools stated goal of a wide distribution moning and has introduced new features to minimg technology such as its proof-of-importance (POI) algorithm, multi-signature accounts, encrypted messaging, and an Eigentrust++ reputation system.
NEM technology allows multiple ledgers to coexist on one blockchain. NEM Smart Assets allows users to create mosaics which can represent any asset (e. g. currency). All transactions in NEM have transaction fee xakrum with them and denomination used to pay for transactions is mosaic named 'XEM'.
In July 2018 the NEM Foundation opened a Blockchain center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, co-working space as well as Southeast Asian regional headquarters for NEM in the region. It is considered the largest blockchain center in the Southeast Asian Region at 11,000 square feet.
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