As BITCOIN, there is another blockchain movement that gained momentum in recent past – NEM (New Economic Movement). This too deals with crypto currency and all its glory that has taken the world by storm. However, you must look into every aspect before you leap especially with the Cryptocurrency Altcoins. The way the currency is growing it becomes imperative to look into every detail with microscopic focus. Once you are well versed with the risks and factors then one can make a decision whether to jump into the melee of supporters and invest money or not.
The movement was a brain child UtopianFuture, which started out much like the leaping BITCOIN. Nevertheless, NEM is not just about crypto currency, its about a solution platform that helps one peer to another with asset trading, payments and messaging services along with of course the invest in NEM.
When you invest in NEM it helps you figure out the ease of use of that investment that you made. NEM also advises companies for energy consumption, consolidation of power by mines and thus involving the developing countries governments to address complex issues too. When one does invest in NEM, one becomes aware of the symbol XEM, which it trades under. This helps one to determine how the selling and purchasing is done on this platform, keeping in mind various factors that may affect the investment being made.
NEM believes in Proof of Importance as a mainstay. That means that all the computers connected in the blockchain will have to give their consensus, only then can one “harvest” the block chain. Very similar to what miners do with the BITCOIN. The main objective becomes then to add people and their investment to the blockchain, which in turn will give them a small monetary reward. So if you’re looking for an alternative to BITCOIN, NEM will offer you the same with much more compressive details.