NEM

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NEM, the cryptocurrency and blockchain platform, was launched on March 31, 2015. Unlike other cryptocurrencies, most notably Bitcoin, 狈贰惭听requires less data processing and uses less energy, keeping transaction costs low and transaction speeds fast.

NEM is said to stand for New Economy Movement. The denomination NEM currency is traded in is called XEM, and the units range from microXEM (0.000001 XEM) to milliXEM (0.001). As of April 2019, 1 XEM roughly equals $.05.

proudly welcomes Lon Wong, Founder of and former President of to meet with Jiang Li, Chairman of SDCE and ACGL.

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— SDCE | Sydney Digital Currency Exchange (@SDCExchange)

At the end of January 2019, the NEM Foundation, which manages the technology, announced it was undergoing a massive restructuring and layoffs due to debt. This prompted a selloff of XEM on the market. However, NEM听remains a popular so-called altcoin, or digital cryptocurrency.

The event put on by , and team was one of the most productive industry events I鈥檝e gone to. Not hype. Just intimate discussions around blockchain teams coming together to further the tech + champion token advocacy.

— Alex Tinsman (Inside NEM) (@Inside_NEM)

Outside of cryptocurrency,听nem is a word found in many languages. In French, nem means “Vietnamese spring roll,” derived from the Vietnamese word nem for “fermented pork” or “sausage,” a key ingredient of their spring rolls. In Portuguese, nem means “neither” or “nor.” In Serbo-Croatian, nem means “mute” or “silent.”