What is NEM / XEM?

  NEM is a peer-to-peer cryptocurrency and blockchain platform, the currency symbol is XEM. NEM is the world’s first “Smart Asset” blockchain, the “blockchain for enterprise” with a low transaction fee of 0.01% and very scalable.     NEM was started by a BitcoinTalk user, UtopianFuture, who was inspired by the cryptocurrency NXT. Work started on 19 January 2014 to create a community-oriented cryptocurrency.     Unlike most other cryptocurrencies which are forked off existing codes and later altered, the NEM code was written from the ground up in Java…

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