What is NEM?

NEM is a blockchain platform that was launched in March 2015. Notable for its non-Turing complete architecture, it introduced user-defined tokens known as mosaics, namespaces, multisignature accounts, and a peer-to-peer reputation system based on EigenTrust++. The platform is defined by its Proof of Importance (PoI) consensus mechanism, designed to reward active participation and reduce wealth concentration typically seen in proof-of-stake systems. The NEM Infrastructure Server (NIS) is implemented in Java.

Current development efforts are focused on merging NEM with another blockchain platform called Symbol. The project continues to be actively traded within the cryptocurrency market. Specific details regarding the governance model and supply cap are not provided in the source material.