Review on SymVerse by David Olayide
The SymVerse Project
SymVerse is a proprietary blockchain platform based on a multi-block blockchain, that aims to increase reliability and convenience through the support of built-in decentralized identifier and flexible user management system. The technology has a purpose to offer one of the fastest block confirmations in the industry, a fair reward system that encourages voluntary participation, and an efficient data storage technology that dramatically reduces storage capacity.
SYM has a maximum supply of 1,000,000,000 SYM coins. The top exchanges for trading in SymVerse are currently DigiFinex, and Bilaxy. SymVerse adopts deeper socio-economic ideas and introduces revolutionary technical innovations. The project also comes with a feature I find very interesting and that is the autonomous currency stabilizer that actually works to reduce price volatility.
There are also other side projects like the SymSensus which utilizes and makes use of the Byzantine Fault Tolerant consensus algorithm that ensures the speediest agreement for uncorrupted blocks, while flawed blocks are rejected. Then there’s also the SymChain for speed. This one sorts different types of data into separate distinct blocks, which form the SymBlock.
The multi-block blockchain structure thus allows each block within the SymBlock to carry less data. Additionally, it also simplifies data processing for faster operational speed.
Pros
- Decentralized and flexible user management system
- Use of revolutional technology
- There's also an autonomous currency stabilizer to prevent volatility
- Faster operational speed
Cons
- None so far
