Symbol (XYM) — the Most Promising Blockchain for Business?

Migration from NEM to Symbol: who benefits

  • own XEM tokens
  • make a conscious action to Opt-in

Different protocol and new features

  1. Protocol. NEM uses an algorithm Proof-of-Importance (POI). it gives more “value” to persons who “invested” into NEM. The longer owner holds NEM tokens the more “importance” this person gets. And the new Symbol blockchain uses a PoS + algorithm based on Proof-of-Stake, but also with elements of participation in network activity and contribution to the network of nodes.
  2. Architecture. Symbol blockchain platform is built from a network of nodes. There are four levels in this structure:
  • Peer node
  • Double nodes (Dual)
  • Rest gateway
  • Symbol SDK

Prospects of Symbol



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store



GetBlock is a service that provides fast and easy API connection to blockchain nodes of 40+ cryptocurrencies.