{"id":9591,"date":"2023-06-25T03:14:41","date_gmt":"2023-06-25T03:14:41","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9591"},"modified":"2025-08-11T10:13:31","modified_gmt":"2025-08-11T10:13:31","slug":"what-is-nem","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem","title":{"rendered":"What is NEM?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#what_is_nem\" >What is NEM?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#how_does_nem_work\" >How does NEM work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#what_is_proof_of_importance_poi\" >What is Proof of Importance (PoI)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#how_are_blocks_generated_and_transactions_validated\" >How are blocks generated and transactions validated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#what_role_does_xem_play_in_the_network\" >What role does XEM play in the network?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#smart_assets_and_mosaics\" >Smart Assets and mosaics<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#who_founded_nem\" >Who founded NEM?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#origins_of_nem_in_2015\" >Origins of NEM in 2015<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#nem_foundation_and_its_evolution\" >NEM Foundation and its evolution<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#what_type_of_governance_does_nem_have\" >What type of governance does NEM have?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#decision-making_mechanism\" >Decision-making mechanism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#recent_changes_with_symbol_its_evolution\" >Recent changes with Symbol (its evolution)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#nems_blockchain_nis1_and_its_evolution_with_symbol\" >NEM\u2019s Blockchain: NIS1 and its evolution with Symbol<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#differences_between_nem_and_symbol\" >Differences between NEM and Symbol<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#what_advantages_does_nem_offer_over_other_blockchains\" >What advantages does NEM offer over other blockchains?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#use_cases_in_real_businesses\" >Use cases in real businesses<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#market_capitalization_market_cap_of_nem\" >Market capitalization (Market Cap) of NEM<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#historical_price_evolution_of_xem\" >Historical price evolution of XEM<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#comparison_with_similar_cryptocurrencies\" >Comparison with similar cryptocurrencies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#factors_driving_its_price\" >Factors driving its price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nem\/#current_situation_and_expectations\" >Current situation and expectations<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Cryptocurrency projects vary considerably, each with a specific goal that defines the value of its cryptocurrency. In this article, a particular project will be explained:\u00a0<strong>NEM (New Economy Movement)<\/strong>.<\/p>\n<p>According to its team, NEM aims to\u00a0<strong>\u00abserve enterprise blockchain markets and provide extreme versatility in serving diverse markets\u00bb<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_is_nem\"><\/span><strong>What is NEM?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>NEM (New Economy Movement)<\/strong>\u00a0seeks to deploy a more advanced blockchain, which it calls\u00a0<strong>Smart Asset Blockchain<\/strong>. This technology platform, written in\u00a0<strong>Java<\/strong>, primarily aims to offer an efficient and economical way to manage assets and data. Its native currency, also called\u00a0<strong>NEM (XEM)<\/strong>, is fundamental to its ecosystem.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-23116 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-1-1.jpg\" alt=\"Bitnovo_nem_logo_xem\n\" width=\"612\" height=\"306\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-1-1.jpg 612w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-1-1-300x150.jpg 300w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/><\/p>\n<p>Like Bitcoin, NEM operates with a network of independent and distributed nodes that process and record transactions in a public ledger. NEM\u2019s utility and focus have positioned it among the cryptocurrency projects with the\u00a0<strong>highest market capitalization<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how_does_nem_work\"><\/span><strong>How does NEM work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM performs its tasks by integrating a variety of new technologies. This versatile blockchain introduces a new consensus mechanism to the market:\u00a0<strong>Proof of Importance (PoI)<\/strong>. PoI differs from other consensus mechanisms, such as Bitcoin\u2019s\u00a0<strong>PoW<\/strong>, in several aspects. Primarily, in a PoI mechanism, the time and amount someone has invested in the NEM network are taken into account.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what_is_proof_of_importance_poi\"><\/span><strong>What is Proof of Importance (PoI)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM\u2019s PoI worked similarly to many\u00a0<strong>PoS (Proof of Stake)<\/strong>\u00a0systems but with different requirements. Additionally, NEM\u2019s PoI rewarded users who transacted with other users on the network. Conducting more transactions above a minimum amount also increased a participant\u2019s PoI score, granting them more opportunities to earn a reward.<\/p>\n<p>To prevent misuse through fictitious transactions among a group of users, the NEM network also considered the\u00a0<strong>net transaction amount<\/strong>\u00a0to improve the PoI score.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how_are_blocks_generated_and_transactions_validated\"><\/span><strong>How are blocks generated and transactions validated?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In NEM, block generation and transaction validation occur through a process called\u00a0<strong>harvesting<\/strong>. It is a process by which blocks are generated, and transaction fees are paid as rewards for validating transactions. The\u00a0<strong>PoI algorithm<\/strong>\u00a0determines who is responsible for harvesting\/generating a new transaction block and being rewarded for it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what_role_does_xem_play_in_the_network\"><\/span><strong>What role does XEM play in the network?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>XEM<\/strong>\u00a0is the native currency of the public NEM blockchain, launched in 2018. It is used to pay for transactions on the public NEM blockchain. Likewise, it is used to incentivize the public node network to process and record transactions for participants.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-23117 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-2-1.jpg\" alt=\"Bitnovo_nem_smart_asset_blockchain\n\" width=\"612\" height=\"330\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-2-1.jpg 612w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-2-1-300x162.jpg 300w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"smart_assets_and_mosaics\"><\/span><strong>Smart Assets and mosaics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM\u2019s primary function is the implementation of what they call the\u00a0<strong>Smart Assets System<\/strong>, which provides businesses with tools to manage their assets through a customizable blockchain, managed via\u00a0<strong>API calls<\/strong>.<\/p>\n<p>Smart Assets can be divided into several components, one of which is\u00a0<strong>mosaics<\/strong>, which are the network\u2019s assets and reside at addresses. Any asset, whether digital or physical, can be linked to a mosaic. These have customizable names, descriptions, visibility, quantities, and transferability restrictions if needed. They could represent digital currencies, other currencies, travel miles points, company shares, deeds, digital signatures, among others.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"who_founded_nem\"><\/span><strong>Who founded NEM?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NEM was originally created by three developers known by their pseudonyms on the Bitcointalk.org forum:\u00a0<strong>Jaguar0625<\/strong>,\u00a0<strong>BloodyRookie<\/strong>, and\u00a0<strong>gimre<\/strong>. From its beginnings in 2014-2015, NEM evolved from a personal project of three programmers to a large ecosystem comprising several platforms.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-23118 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-3-1.jpg\" alt=\"\" width=\"612\" height=\"382\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-3-1.jpg 612w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-3-1-300x187.jpg 300w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/><\/p>\n<p>Specifically, NEM\u2019s founders are\u00a0<strong>Lon Wong<\/strong>,\u00a0<strong>Jeff McDonald<\/strong>, and other members who contributed to the platform\u2019s development. Lon Wong, who was president of the\u00a0<strong>NEM.io Foundation<\/strong>, also founded\u00a0<strong>ProximaX Ltd<\/strong>. Besides Lon Wong and Jeff McDonald, other founding members include\u00a0<strong>Erik Van Himbergen<\/strong>\u00a0and\u00a0<strong>Leon Yeoh<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"origins_of_nem_in_2015\"><\/span><strong>Origins of NEM in 2015<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM evolved in March 2015 as a forked version of\u00a0<strong>NXT<\/strong>, another popular blockchain-based virtual currency and payment network platform. It was operated by the\u00a0<strong>NEM Foundation<\/strong>, a non-profit organization based in Singapore. After the hard fork, NEM developers created a codebase to improve NEM and make it faster and more scalable. Thus, a new NEM cryptocurrency platform emerged, completely different from the original NXT.<\/p>\n<p>NEM had its own cryptocurrency, called\u00a0<strong>XEM<\/strong>. Although XEM was not accepted by merchants as a payment method like Bitcoin, its value increased between 2020 and 2021 until its lack of acceptance and market interest caused a decline.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"nem_foundation_and_its_evolution\"><\/span><strong>NEM Foundation and its evolution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The\u00a0<strong>NEM Foundation<\/strong>, registered in Singapore, is an international organization that oversees the promotion and development of NEM\u2019s highly skilled blockchain technology project, managing the platform\u2019s development and promotion.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_type_of_governance_does_nem_have\"><\/span><strong>What type of governance does NEM have?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NEM uses a consensus mechanism optimally suited to a\u00a0<strong>decentralized governance model<\/strong>. Any\u00a0<strong>XEM holder<\/strong>\u00a0can vote to elect Council members and democratically propose who decides. In any case, the ease of voting in elections can be verified.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"decision-making_mechanism\"><\/span><strong>Decision-making mechanism<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM\u2019s decision-making mechanism is based on a combination of\u00a0<strong>delegated consensus<\/strong>\u00a0and\u00a0<strong>on-chain voting<\/strong>. This allows XEM token holders, NEM\u2019s native cryptocurrency, to participate in the platform\u2019s governance. Essentially, this system seeks to balance decentralization and efficiency, enabling democratic and participatory decision-making while ensuring the network\u2019s security and stability.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"recent_changes_with_symbol_its_evolution\"><\/span><strong>Recent changes with Symbol (its evolution)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM has evolved into\u00a0<strong>Symbol (XYM)<\/strong>, a new blockchain focused on the enterprise sphere, launched in March 2021. Symbol coexisted with the original NEM blockchain (XEM) and offers solutions for data management, logistics, among others.<\/p>\n<ul>\n<li><strong>NEM 2.0 \/ Symbol<\/strong>: Symbol is an upgrade of the NEM platform, also known as\u00a0<strong>NEM 2.0<\/strong>.<br \/>\n\u2022\u00a0<strong>Symbol<\/strong>is designed to support businesses in diverse areas.<br \/>\n\u2022 The original NEM blockchain continues to operate, while Symbol offers a new layer for enterprise applications.<br \/>\n\u2022 Symbol uses a\u00a0<strong>PoS+ consensus algorithm<\/strong>, an enhanced version of the Proof-of-Stake consensus mechanism.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"nems_blockchain_nis1_and_its_evolution_with_symbol\"><\/span><strong>NEM\u2019s Blockchain: NIS1 and its evolution with Symbol<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>NEM\u2019s Symbol<\/strong>\u00a0is based on advanced security features derived from its first blockchain, known as\u00a0<strong>NIS1<\/strong>. The new blockchain runs separately from the original blockchain, which will continue to operate.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23119 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-4-1.jpg\" alt=\"Bitnovo_nem_harvesting\n\" width=\"612\" height=\"350\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-4-1.jpg 612w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM-4-1-300x172.jpg 300w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/><\/p>\n<p>Additionally, the Symbol ecosystem offers a\u00a0<strong>hardware wallet<\/strong>\u00a0that supports offline signatures, along with on-chain multi-signature support, granting it high operational security levels.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"differences_between_nem_and_symbol\"><\/span><strong>Differences between NEM and Symbol<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM and Symbol are two distinct blockchains; below are their key differences:<\/p>\n<ul>\n<li>NEM used\u00a0<strong>PoI<\/strong>, while Symbol uses\u00a0<strong>PoS+<\/strong>.<br \/>\n\u2022 NEM focused on a general community and applications, while Symbol is geared toward\u00a0<strong>enterprises and complex use cases<\/strong>.<br \/>\n\u2022 Symbol is considered an upgrade of NEM with a\u00a0<strong>more flexible and scalable architecture<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"what_advantages_does_nem_offer_over_other_blockchains\"><\/span><strong>What advantages does NEM offer over other blockchains?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NEM offers several advantages over other blockchains, highlighting its focus on\u00a0<strong>simplicity<\/strong>,\u00a0<strong>ease of use<\/strong>,\u00a0<strong>transaction speed<\/strong>, and its consensus algorithm,\u00a0<strong>Proof of Importance (PoI)<\/strong>.<br \/>\nAdditionally, NEM enables the creation of\u00a0<strong>smart assets<\/strong>, facilitates\u00a0<strong>multi-signature transactions<\/strong>\u00a0for enhanced security, and emphasizes\u00a0<strong>energy efficiency<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"use_cases_in_real_businesses\"><\/span><strong>Use cases in real businesses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM partnered with the Israeli-Lithuanian telecommunications company\u00a0<strong>FIX Network<\/strong>\u00a0to enhance security and protect cell phone users&#8217; data and address SIM swapping issues.<\/p>\n<p>On the other hand, the Chinese tech giant\u00a0<strong>Tencent<\/strong>\u00a0has explored using NEM for\u00a0<strong>supply chain management<\/strong>\u00a0applications, leveraging the platform\u2019s transparency and traceability.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"market_capitalization_market_cap_of_nem\"><\/span><strong>Market capitalization (Market Cap) of NEM<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of July 2, 2025, the global cryptocurrency market cap is\u00a0<strong>$27.75M<\/strong>\u00a0with a\u00a0<strong>+4.17%<\/strong>\u00a0change in the last 24 hours. The current <a href=\"https:\/\/coinmarketcap.com\/es\/currencies\/nem\/\">price<\/a> of\u00a0<strong>XEM<\/strong>\u00a0is\u00a0<strong>$0.003122<\/strong>, with a 24-hour trading volume of\u00a0<strong>$7.85M<\/strong>. XEM is\u00a0<strong>+6.22%<\/strong>\u00a0in the last 24 hours, with a circulating supply of\u00a0<strong>9.00 billion XEM coins<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23120 size-large\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM5-1-1024x683.jpeg\" alt=\"Bitnovo_xem_native_currency\n\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM5-1-1024x683.jpeg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM5-1-300x200.jpeg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM5-1-768x512.jpeg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM5-1-1536x1024.jpeg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/07\/NEM5-1-2048x1366.jpeg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>It reached a 24-hour high of\u00a0<strong>$0.00316929<\/strong>\u00a0recorded on Jul 2, 2025, and its 24-hour low so far is\u00a0<strong>$0.00250354<\/strong>, recorded on Jul 2, 2025.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"historical_price_evolution_of_xem\"><\/span><strong>Historical price evolution of XEM<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>XEM\u2019s historical price evolution has experienced significant fluctuations since its launch. Its all-time high (ATH) of\u00a0<strong>$1.87<\/strong>\u00a0was recorded on January 6, 2018. And an all-time low (ATL) of\u00a0<strong>$0.00008482<\/strong>, recorded on September 4, 2015. Currently, the price has declined both in the last 24 hours and the last 7 days, with\u00a0<strong>-5.26%<\/strong>\u00a0and\u00a0<strong>-28.68%<\/strong>\u00a0respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"comparison_with_similar_cryptocurrencies\"><\/span><strong>Comparison with similar cryptocurrencies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Both NEM and other cryptocurrencies operate within a generic technology called\u00a0<strong>Blockchain<\/strong>. However, NEM stands out in the cryptocurrency world by prioritizing\u00a0<strong>simplicity and ease of use<\/strong>.<\/p>\n<p>Unlike Bitcoin, which relies on intensive <strong>Proof of Work (PoW)<\/strong>, NEM employs\u00a0<strong>Proof of Importance (PoI)<\/strong>. Beyond value transfer, NEM enables the registration of smart assets, message sending, and on-platform voting.<\/p>\n<ul>\n<li><strong>NEM vs. Bitcoin<\/strong>: While Bitcoin focuses on value transfer and faces scalability challenges with high energy consumption (PoW), NEM offers broader functionalities and seeks greater transaction efficiency thanks to its PoI.<br \/>\n\u2022\u00a0<strong>NEM vs. Ethereum<\/strong>: Though Ethereum leads in complex Smart Contracts and has a vast development ecosystem, it has faced scalability and speed issues. NEM, meanwhile, offers analogous functionalities through mosaics and namespaces, aiming for greater transaction efficiency with its PoI algorithm, although its development community is smaller.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"factors_driving_its_price\"><\/span><strong>Factors driving its price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Factors affecting XEM\u2019s price are diverse and complex, including\u00a0<strong>supply and demand<\/strong>,\u00a0<strong>news events<\/strong>,\u00a0<strong>adoption and development<\/strong>, and general\u00a0<strong>cryptocurrency market trends<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"current_situation_and_expectations\"><\/span><strong>Current situation and expectations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NEM offers an impressive system that promises to be a key player in the future blockchain-driven economy. Its\u00a0<strong>development ease<\/strong>,\u00a0<strong>flexibility<\/strong>, and unique\u00a0<strong>PoI system<\/strong>\u00a0make NEM a highly attractive platform for any developer or business seeking to build a blockchain solution.<\/p>\n<p>Over time, increasingly interesting projects based on NEM are expected to emerge.<\/p>\n<p>As\u00a0<strong>Lon Wong<\/strong>\u00a0states:<\/p>\n<p><em>\u00abWith its focus on simplicity and Proof of Importance, NEM lays the foundation for a future where active community participation drives innovation. Interesting projects are flourishing, and as history has taught us, what seems like a seed today can become a forest tomorrow\u00bb<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Discover what NEM (New Economy Movement) is, how its XEM cryptocurrency works, its Smart Asset Blockchain, and its advantages over Bitcoin and Ethereum.<\/p>\n","protected":false},"author":12,"featured_media":6246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-9591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9591"}],"version-history":[{"count":2,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9591\/revisions"}],"predecessor-version":[{"id":23343,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9591\/revisions\/23343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/6246"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}