Crypto Exchange
NEM (XEM)
Purpose: Platform for smart contracts and assets
Price for 1 XEM
0,0404 $
-3,38 %
- The goal is a contemporary, sustainable economy
- Exchange of possessions (assets)
- Low transaction fees
- Smart contracts possible
- Messenger
- User friendliness
- Proof-of-Importance (POI): weighting according to transaction frequency and volume of users involved.
- Less computing capacity needed (1/100 vs. BTC)
- No miners, but harvesters (analogous to staking) (any wallet with more than 10,000 XEMs can generate blocks)
- Accelerated block generation (one new block every minute: Bitcon 10 minutes, Litecoin 2.5 minutes)
- EigenTrust++ (calculates trustworthiness of the harvesters)