Description
Symbol is a blockchain platform launched in March 2021 as a successor to NEM, incorporating a unique proof-of-stake-plus (PoS+) consensus algorithm. It facilitates rule-based tokens (mosaics), namespaces, multisignature accounts, and aggregate transactions. Implemented in C++ through its client Catapult, Symbol supports multiple notable projects such as QUEST for bounties, SYMBOARD for loyalty rewards, THE TOWER game, NFT DRIVE for content storage, and COMSA, a Japanese-focused NFT marketplace. Symbol underwent a hard fork named Cyprus in November 2021 to boost its omnichain capabilities using zk-STARKs. This upgrade aims to resolve challenges faced by EVM-based and omnichain platforms, enhancing security and decentralization. With a total supply of over 8.3 billion tokens, Symbol has gained traction in Japanese and Korean markets. Its current price is $0.01857409, reflecting a recent 37.80% increase, and is actively traded across 46 markets.
Symbol is a blockchain platform launched in March 2021 as a successor to NEM, incorporating a unique proof-of-stake-plus (PoS+) consensus algorithm. It facilitates rule-based tokens (mosaics), namespaces, multisignature accounts, and aggregate transactions. Implemented in C++ through its client Catapult, Symbol supports multiple notable projects such as QUEST for bounties, SYMBOARD for loyalty rewards, THE TOWER game, NFT DRIVE for content storage, and COMSA, a Japanese-focused NFT marketplace. Symbol underwent a hard fork named Cyprus in November 2021 to boost its omnichain capabilities using zk-STARKs. This upgrade aims to resolve challenges faced by EVM-based and omnichain platforms, enhancing security and decentralization. With a total supply of over 8.3 billion tokens, Symbol has gained traction in Japanese and Korean markets. Its current price is $0.01857409, reflecting a recent 37.80% increase, and is actively traded across 46 markets.
