#BitwiseBitcoinETF NEM (XEM): a unique business-class blockchain.
Launched in March 2015, NEM (New Economic Movement) is a unique blockchain platform designed to provide fast, secure, and flexible enterprise-level applications. The platform is a pioneer of a block verification method called Proof-of-Importance (PoI). PoI was an important innovation in blockchain, eliminating many limitations of the Proof-of-Work (PoW) and Proof-of-Stake (PoS) methods used by other blockchains such as Bitcoin or Ethereum.
Thanks to the unique concepts of PoI and data collection, NEM is particularly fast and flexible. Additionally, NIS1 was designed to simplify the development and deployment of enterprise-class applications. Due to its architecture, this blockchain is ideally suited for use as an intermediary between various private networks managed by businesses and enterprises.