NEM is a cryptocurrency designed to correct the shortcomings of Ethereum, implemented on the Proof-of-Importance algorithm. The advantages of the system are decentralization, high processing speed of exchange applications, low commission, limited emission.

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Symbol is a coin of the public blockchain within the NEM ecosystem. Because of Symbol, the platform has become double-stranded, both chains work in parallel. It is important to note that Symbol is not a fork of NEM. The Symbol program code is developed from scratch. The XYM cryptocurrency circulates only in this blockchain.

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PSA: The client team is currently investigating a chain halt that occurred at block height 4129631. We have advised all exchanges to halt withdrawals and deposits.

PSA: The client team is currently investigating a chain halt that occurred at block height 4129631.

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