NEM (XEM) Échange

What is NEM?

The NEM cryptocurrency became famous in the crypto community in a very sad way – the famous scandal with Coincheck, which became the largest theft of crypto-coins in the history of the industry. However, the negative news hides a lot of interesting developments and a promising cryptocurrency, which is not yet appreciated.

So, NEM (XEM) is a cryptocurrency that was created as a means of payment. However, the idea of the project team was not to create another “improved version of Bitcoin”, the plans were much more global. The result is a unique blockchain that has received all the best from the Ethereum, Bitcoin and Ripple systems. The abbreviation NEM stands for New Economy Movement, and indeed, the new platform offers users huge opportunities.

One of the most important things also worth noting about NEM mining is that it may be performed in two modes — a local and a delegated one. In the first case, the user's online client is launched with the provision of a private key for multi-signature of the block, — and in the second case, the remote intermediary client with a zero balance is launched. Also, an interesting feature of delegated mining is that it works even if the user's computer is turned off.