Following rigorous testing and bug fixes from the development and testing teams, Symbol technology is nearing readiness for public use. The code is now frozen, and the technology will become version 1.0 upon mainnet launch on 14th January 2021.
Symbol has a noteworthy economic system that allows you to passively earn coin rewards just as if you were mining. This is better than staking rewards given by exchanges since you don’t need to put your coins on an exchange and you are earning actual block rewards.
Finality in the blockchain space is the way someone can tell if a transaction or block on a chain is at risk of changing in the future or not. Finality is important because without it, any transaction can theoretically be rolled back.
Data management and security are critical issues for nearly every company today, and their importance is accelerating with no end in sight. How can a company make sure high value company and user accounts are protected from both external and internal misuse? How can they ensure that one security breach won’t compromise all their other data? How can they ensure that security features aren’t so inconvenient that users ignore them?
Hybrid solutions enable the best features of both public and private chains. Track digital tokens, assets, or records on the public chain while keeping your private data secure off network. Save on transaction fees by keeping business logic on your private chain and, transaction records on the public chain.
The NEM Group, in conjunction with the NEM Core Team and developers released a major update to the Symbol blockchain road map. It includes important details about the public chain protocol and second-layer tools such as SDKs and client apps.