NEM

NEM

Creator - Numerous

Date launched - June 2014

Algorithm - Proof-of-Importance

NEM is based on the philosophical concepts, that arguably served as an inspiration for the Bitcoin’s creation: by implementing the innovative Proof-of-Importance, which distributes awards based not on the sacrificed amount of computational capacity or the size of a user’s stake, but on their actual involvement in the network’s life, NEM seeks to achieve the goals of equality, financial freedom and decentralization, seemingly abandoned by the Bitcoin network, split between several large players and unavailable to take part in by your Average Joe.

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