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What is NEM (XEM)XEM is a cryptocurrency that powers the New Economy Movement blockchain. To verify transactions, NEM uses a unique consensus algorithm called Proof of. The NEM coin (XEM) is the cryptocurrency unit of its namesake platform. The platform aims to make the blockchain-based projects more flexible and easier to run. NEM (CRYPTO:XEM), which stands for "New Economy Movement," is a programmable blockchain designed to be both more technologically advanced and easier to use.
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