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What is NEM (XEM)?

NEM progressed in March 2015 as a fork-out type of the NXT, another renowned blockchain-based virtual money and portion network stage.

It is worked by a Singapore-based non-advantage affiliation called NEM.io Foundation. Following the fork, NEM.io decided to develop its own codebase for advancing NEM, to make it more adaptable and faster. Thusly emerged another NEM computerized cash stage, which was absolutely exceptional corresponding to the primary NXT.

NEM has its own computerized cash, called XEM. Notwithstanding the way that XEM isn't being used by merchants as a strategies for portions as bitcoins are, XEM has in any case filled on a very basic level in regard and by and by has the twelfth-most critical market cap among cryptographic types of cash.

NEM as of now maintains one wallet, called Nano wallet.