NEM (New Economy Movement) is a blockchain platform that was launched in March 2015.
It was created to provide a secure, fast, and affordable way for businesses and individuals to transfer money and information. NEM’s blockchain technology is based on a unique consensus mechanism called Proof-of-Importance (PoI), which takes into account the overall value of an account instead of simply the number of coins held.
The NEM blockchain is designed to be highly scalable, with the ability to process up to 4,000 transactions per second. It is also designed to be highly secure, with a built-in multi-signature feature that allows multiple parties to sign off on transactions.
The NEM platform includes a cryptocurrency called XEM, which is used to pay for transactions on the network. NEM also has a built-in reward system that incentivizes users to participate in the network, by providing rewards to those who hold a large amount of XEM.