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MoreAbout Symbol
What Is Symbol (XYM)?
Symbol is a recently launched blockchain platform that serves as a spiritual successor to NEM. The platform boasts a range of cutting-edge features, including a new consensus algorithm called proof-of-stake-plus (PoS+), a unique token system known as mosaics, namespaces, multisignature accounts, and aggregate transactions. Its client, Catapult, is written in C++.
What Makes Symbol (XYM) Unique?
Symbol has garnered a devoted following in Japan and Korea, with active communities on social media platforms such as Twitter, LINE, and KakaoTalk. Among the platform's noteworthy projects are QUEST, a platform for creators that offers bounties and tipping options (follow the official Twitter account for updates); SYMBOARD, a unique loyalty and rewards card for businesses (follow the official Twitter account for updates); THE TOWER, an endless dungeon crawler game; NFT DRIVE, an on-chain media and content storage service (follow the official Twitter account for updates); and COMSA, a novel NFT marketplace developed specifically for the Japanese cryptocurrency community.
What Is the Mission of Symbol (XYM)?
Symbol is dedicated to resolving the issues that commonly exist in EVM-based platforms and omnichain solutions. These problems include security concerns being determined at a smart-contract level, rather than network-wide; centralized and non-incentivized L2 validators; and new features and functionality being determined by centralized client teams, rather than a fair and open market.
Symbol (XYM) Price Prediction
In the foreseeable future, Symbol has the potential to become a prominent player in the cryptocurrency industry. Some experts predict that its value may surge to $0.154 by 2025, as more individuals and businesses adopt this digital asset. Symbol's utility and limited supply can also boost its worth over time.