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What is NEM (XEM)?

By Lyle Daly – Updated Mar 6, 2024 at 1:08PM

Key Points

  • NEM (XEM) is a cryptocurrency and blockchain platform designed for secure and efficient transactions.
  • It utilizes a proof-of-importance consensus algorithm for validating transactions.
  • NEM features multi-signature accounts, encrypted messaging, and a unique decentralized namespace system.

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