AThe blocktime for NEM is 1 minute. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does NEM use?
ANEM uses the hasing algortihm Proof of Importance.
QWhat was the highest price that NEM ever reached?
AThe highest price that NEM ever reached was $1.87 USD. This all time high price occured on 7 Jan 2018.
QWhat was the lowest price that NEM ever reached?
AThe lowest price that NEM ever reached was $8.482E-5 USD. This all time low price occured on 5 Sep 2015.
QWhat concensus algorithm does NEM use?
ANEM uses a poi concensus algorithm.
QWhat ecosystem is NEM part of?
ANEM is part of the Fantom ecosystem.
QIs it possible to stake NEM to generate passive income?
AYes, staking is available for NEM on a number of platforms. For a full list of NEM staking yields see our list of NEM staking yields.
QHow much can I earn staking NEM?
AYou can earn up to 0.5% APY by staking your NEM tokens. Check out our NEM staking yields table for further details.
QWhere is the best place to stake NEM?
ARight now the best staking rates are on Binance with an income rate of up to 0.5% APY.
QIs it a good time to buy NEM?
AYou can check the technical indicators for NEM on the NEM Price Trend tab. These indicators are based on the analysis of multiple trading signals for NEM.
QWhere is the best place to buy NEM?
AYou can find the cheapest exchange on which to buy NEM on the NEM Buy tab.
QWhich crypto wallets support NEM?
AYou can check which wallets support NEM on the NEM Wallets tab.