Symbol connects businesses, developers and individuals, enabling countless possibilities for blockchain. Symbol reduces the costs and complexities in existing processes, and provides a platform for new business models and innovation, bringing together developers, projects and enterprises to create mutual benefit and value together.
Symbol is a trusted and secure enterprise blockchain that smooths business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets. Symbol is purpose-built to help businesses cut costs, reduce complexities, and streamline innovation. Launched in March 2021, Symbol utilizes a unique hybrid (public/private) architecture, enabling businesses to benefit from the transparency that public chains offer, while also permitting data restrictions and encryption measures to be put in place for more confidential information. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution. XYM is the native currency of the Symbol public blockchain which was launched in Q1 2021. It is used to pay for transactions in order to incentivize the network of public nodes that process and record transactions, giving XYM fundamental value as the currency of a functioning economy.