Symbol — opportunities and prospects.

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Well, let’s talk about one of the most advanced technologies of the last period. These are not empty words and I am not going to sing praises just for fun. Together with you, we will analyze the capabilities of this platform, consider the main advantages and draw conclusions based on the overall picture. This platform is called Symbol. Sounds good, doesn’t it? And what is hidden behind such a resonant name? First of all, it should be noted that this is a multifunctional platform. It allows businesses to focus solely on making profits, because they will not need to think about the danger of data leaks or unexpected hacking of the blockchain network. This security is achieved using advanced technologies that are embedded in the Symbol shell initially. The second important component of the platform is compatibility. The situation when your business will encounter a blockchain that will not understand the Symbol is completely excluded. Your API keys will fit all existing blockchains and integrate into any systems and blockchains around the world. The third big plus of Symbol is speed. In an age of huge speeds that continue to grow, it is difficult to guess where their limit is. This race will continue forever, but today the speed of the Symbol blockchain fully meets modern criteria.

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In addition, the solution used by Symbol developers is much cheaper than existing analogues. I would like to note the fact that the appearance of the Symbol platform did not take place from scratch. The basis is the NEM blockchain platform, which has a large army of fans around the world. Taking the already existing and proven developments of the NEM platform, the Symbol developers decided to improve the already proven and working system, adding various innovations to it. At the time, NEM set a high bar for existing standards and continues to enjoy the authority of competent experts in the field of blockchain technology.

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The achievements of NEM that have successfully moved to Symbol are: the PoI (Proof of Importance) approval mechanism, Mosaics, with which anyone can create their own assets (music, coins, paintings, etc.), Harvesting, which will allow the coin holders to earn additional profit, and many more useful features that you can learn about by reading Symbol project’s Whitepaper. Personally, I believe that this combination of efforts will benefit both of us. The Symbol project is young and hot, it is eager to fight like a zealous horse and this is good. The NEM project is more experienced and calm, it has seen a lot and experienced difficult and even critical situations. Experience and youth are a good symbiosis, which means I will remain calm for my investment in Symbol. Join our friendly family, it will be a fascinating journey into the world of the future together with Symbol.

This Story is a contribution to NEM HUB`s Community Writing Contest. Please follow our Twitter and join our community chat on Telegram.

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