Review on Symbol (XYM) by Paul Maduagwu
$XYM Symbol looks too big to fail
The way $XYM SYMBOL has grown in such a short time. Supported by major Exchanges, even listed on Ledger hardware wallet. NEM is doing this marketing thing well and that's a green flag in my opinion.
Symbol is going to be the blockchain of business enterprises, enabling seamless transfer of value and data in a secure environment. I read an article by NEM, apparently the Symbol blockchain took over 2 years with rigorous testing (according to them) to create.
Though with NEM's track record I can believe that Symbol is going to be something special. Many Exchanges to are getting ready to enable trading for its $XYM coin- immediately after the airdrop too. We might also see investors move from $XEM to $XYM.
Overall, I cant wait to see the first set of transaction on the Symbol explorer!
Pros
- Already a big community thanks to NEM
- Secure and aimed at improving efficiency in big companies.
- Already a huge level of trust by potential investors, Exchanges and popular wallets.
- Its design will help its achieve high throughput (high transactions per second)
- Easilty accessible and very detailed whitepaper. Including technical information.
Cons
- We are still getting ready to experience Symbol first hand.
