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XEM

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About NEM

NEM’s primary contribution to the cryptocurrency landscape is a new consensus mechanism called Proof-of-Importance (PoI). Unlike Proof-of-Work (PoW), it is environmentally sustainable and does not require large-scale computing resources in perpetuity. PoI is similar to Proof-of-Stake (PoS) except that it is not solely derived from the size of an account’s balance. It incorporates other behaviours that are believed to be positive for the holistic economy. NEM attempts to reward active economy participants at the expense of inactive participants and dampens the “rich getting richer” effect that is inherent to PoS.

  • View the current NEM price on Bitpanda and buy NEM
  • NEM is a modular, highly customisable blockchain platform
  • The native peer-to-peer cryptocurrency of the NEM platform is called XEM
  • NEM’s use cases cover a broad spectrum, similar to Ethereum

Why you should choose Bitpanda

Easy and convenient trading platform for new and experienced users

Secure, safe and free wallet service included

Fast and reliable, available 24 hours a day, 7 days a week

Over 30 digital assets, including Bitcoin, Ethereum, Ripple and more

European company, founded in 2014 in Vienna, Austria

Multiple fiat currencies, including Euro, Swiss Franc, British Pound and US Dollar

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