10 Facts to get you acquainted with NEM/XEM


Originally published at: https://wirexapp.com/get-acquainted-with-nem/

1. NEM is a peer-to-peer network that facilitates the transfer of currency but is also able to transfer messages, assets and smart contracts. 2. NEM is the platform. XEM is the currency used on the platform. 3. NEM stands for New Economy Movement 4. NEM was built 100% from scratch, (written in java and javascript) and not a fork of an existing blockchain such as Bitcoin and Ethereum. 5. NEM uses a proof-of-importance(POI) protocol. Importance is a measureā€¦


So, can storing NEM on your WireX account be implemented in the POI protocol? That would be an awesome feature :slight_smile: