The New Economy Movement (NEM) is a peer-to-peer virtual currency. Released in early 2015, the source code written in Java and 100% are original. NEM is widely distributed in the crowd with blockchain using the newly invented Synchronous Solution Based on Importance Proof POI. The NEM features also include a complete point-to-point secure system cryptographic information system and a reputation system based on the Eigentrust ++ algorithm.
The new coin is the currency code issued by New Economy Movement (NEM). The goal of NEM is to create a brand new digital currency and its ecosystem. Compared to BTC, NXT. NEM has many different and other digital currency characteristics. The core of NEM is the POI algorithm, a consensus algorithm based on evaluating the economic activity of individual contributions in a group. NEM is the first digital currency organization to integrate and implement multiple signatures at the blockchain level. NEM multisignature is implemented in the client and is easy to use and maintains NEM's 24 development and community funds, following strict procedural justice and orderliness management. Historically, NEM has been driven by a decentralized community, one of the paradigms of community organizations in the digital money arena. In the NEM ecosystem, three formally incorporated innovative companies in different fields have been formed. Among them, Mijin has created a business model that authorizes blockchain. NEM core code from 0 to build, sections of software development adhere to the test-driven development of this rigorous software engineering practices, the recent achievements are mosaic and mobile wallet.