Nem "New Economy Movement" (XEM) is a blockchain protocol that forked from NXT, and uses its own token called XEM. A NEM user can only store the token in NEM's proprietary Nano wallet, and needs a minimum of 10,000 XEM staked to "harvest" new blocks and receive rewards. This block harvesting employs what is referred to by the network as a "Proof-of-Importance" (POI) validation method, which proportionally scales a user's ability to harvest new blocks in terms of XEM staked.
Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.
Because stablecoins are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
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