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About NEM

NEM is a blockchain built from the ground up for enterprise-grade performance.

NEM uses a Proof-of-Importance (PoI) consensus mechanism which encourages authentic blockchain usage and growth. NEM has pioneered the PoI mechanism, which was developed to prevent the hoarding of tokens and prioritize users that support the network.

NEM Technical Details

  • Blockchain Own Blockchain
  • Consensus Proof-Of-Bible-Hash (POBH)
  • Staking APR 4.22%
  • Block Time ~60 seconds
  • Hash Algorithm PoI
  • Org. Structure Semi-centralized
  • Development Status Working product
  • Open Source Yes
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