Symbol is a blockchain platform created in 2021 by anonymous developers. It is built on a fork of the NEM blockchain, which has been redesigned with new features and improved security. Symbol's platform is designed to be scalable and customizable, allowing businesses to tailor the platform to their specific needs. Its modular design also allows for easy integration with existing systems, making it an attractive option for businesses looking to adopt blockchain technology.
How Symbol (XYM) Works
Symbol's architecture includes a two-layer blockchain system that separates the transactional layer from the state layer, which stores data and account information.
Symbol's key features include the ability to create custom digital assets, execute smart contracts, and integrate with legacy systems through its APIs. It also has a multi-level multi-signature feature that provides enhanced security for transactions.
Symbol's consensus mechanism is a hybrid of Proof-of-Stake and Proof-of-Importance, which ensures that transactions are processed quickly and efficiently, while also maintaining network security. The platform also employs a unique node reputation system that helps to prevent malicious actors from participating in the network.
Another notable feature of Symbol is its hierarchical deterministic wallet system, which provides users with enhanced privacy and security by generating unique addresses for each transaction. This also allows for easy recovery of lost or stolen funds.
How Many Symbol (XYM) Tokens Are in Circulation?
XYM token has a total supply of 9,000,000,000, among which 5,582,460,005 tokens are being circulated.
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Symbol (XYM) Resources
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