Symbol set to launch 15 March 2021

Symbol public chain will launch on 15 March 2021.  

This represents a major milestone in the 4 years development of Symbol, achieved following a highly robust and rigorous testing programme – making Symbol one of the most stable and secure blockchains.

Symbol is the next generation enterprise-grade blockchain designed for developers, businesses and individuals. It is at the heart of the New Economy that is taking shape all around us.  

Symbol has been designed, built and tested around the principle of decentalization – a key principle of the NEM ecosystem – in collaboration with the NEM community and our partners.

Symbol is from the same team that created NEM NIS1, and uses concepts developed and tested in NEM NIS1. Symbol is an advanced evolution of blockchain from NEM. It is flexible, fast, easy to use and secure.

Our tiered architecture delivers increased network performance, lowering the total cost of ownership.

Our Hybrid Chain and configurable contract plug-in framework makes Symbol more resilient to human error and network attack.

Our plug-in approach provides flexibility and removes complexity, speeding up development and onboarding time.

Our Multi-Sig approach means that users will be able to create multi-level multi-sig accounts (max 3 levels) which allows more complex account set ups and to and an and/or logic to multi-sig transactions.

Our APIs ensure seamless integration with existing enterprise systems and processes, as well as other networks and blockchains.

Symbol also introduces mosaics, a feature that permits the creation of specialized assets, going beyond tokens to represent shares of stock, signatures, votes or other currencies. Each mosaic has configurable properties and a unique identifier. These features represent huge potential for new financial services, in particular for the Decentralized Finance (DeFi) and Security Token Offering (STO) spaces. 

15 March is just the beginning for Symbol, and an important milestone in NEM’s journey. We now look forward to an exciting road ahead.

Leave a Reply

Your email address will not be published. Required fields are marked *