XEM is the native currency of the NEM public blockchain. It is used to pay for transactions on this public blockchain in order to incentivize its network of public nodes that process and record transactions for businesses and users there. This means that XEM has real fundamental value as the currency of a functioning economy.
NEM is a Blockchain engine that enables businesses to easily apply Blockchain Technologies on their processes. Mijin, NEM’s permissioned ledger can ensure over 4,000 transactions per second and supports full interaction with NEM.
NEM is a developer friendly platform that focuses on fast and secure development by offering a set of built-in features that do not require complex smart contracts nor a specific language.
NEM is being further developed by the NEM Foundation, an organization that is formed by a fully committed team that focuses on expanding the technology and its use cases.