Review on Symbol (XYM) by Adedamola Adeniji
Symbol Might Be The Fresh Break NEM Needs To Stage A Comeback To The top Among Crypto Industry Frontliners
Nem which happens to be one of the oldest and most reknown cryptocurrencies project recently lunched symbol blockchain, a step Crypto Analysts and critics see has a move to bring itself back to its former glory.
Symbol was lunched less than 24hrs ago as anew platform built for enterprise users on blockchain via fintech while supplying chain management
Symbol will equally serve as the premise for DeFi apps, tokenized stocks, Non- fungible tokens (NFTs), atomic swaps among others. This will make it a linker for individuals, businesses and blockchain making it a next generation development proof of stake+
To birth these potentials into reality NEM has gone into partnership with toppers among the Crypto Industry like Travala, Fire blocks, CoinGecko and Binance Exchange among others.
The ideology behind Symbol isn't to replace it Mother company but work alongside it on NIS1, the original NEM blockchain, these I see s a good step in the right direction because merging the old and new together will give the Crypto Industry a better service because the two will make up for each other deficiencies, also XEM which is NEM's token will equally circulate along side Symbols' New token XYM.
Time will definitely reveal Symbols' real potential, but for now it is really looking good.
Pros
- High potential of enhancing enterprise security.
- A good platform for leveraging for start up companies.
- It offers a platform for creating customized digital assets with unique features.
- It is armed with a unique identification protocol which can achieve a logic based digital assets and restrictions.
- Highly interoperable supporting public and private hybrid models and APIs.
Cons
- Relatively New, it has yet no operational history.
