NEM, also known as the New Economy Movement, is a customizable blockchain platform for the developers looking to build dapps across a wide range of the industries. NEM is a dual layer blockchain, like Ethereum but written in Java as a programming language.
NEM’s proprietary crypto coin is XEM, which is harvested (mined) using a Proof-of-Importance algorithm. The longer you hodl more XEM, the higher your importance to the network, but you’re also rewarded for participating on the network by exchanging coins with other users.
Check for the latest and updated best NEM wallets in 2019: