The live price of Symbol (XYM) today is 0.03342 USD, and with the current circulating supply of Symbol at 5,871,383,205.65 XYM, its market capitalization stands at 196,221,838 USD. In the last 24 hours XYM price has moved ? USD or 0.00% while ? USD worth of XYM has been traded on various exchanges. The current valuation of XYM puts it at #287 in cryptocurrency rankings based on market capitalization.
Learn more about the Symbol blockchain network and how it works or follow the price of its native cryptocurrency XYM and the broader market with our unique COIN360 cryptocurrency heatmap.
Symbol (XYM) is a dynamic, next-generation blockchain platform designed to streamline asset management and expedite business processes. Built by NEM, Symbol is a hybrid blockchain solution that offers a multitude of features, including enhanced security, ease of use, and scalability, making it an ideal choice for businesses and developers.
Symbol employs a unique consensus mechanism known as Proof-of-Stake+ (PoS+). This mechanism is designed to incentivize active participation in the network and rewards users based on their network activity and stake.
Symbol operates on a hybrid blockchain, combining the best of public and private blockchains. This allows businesses to maintain their privacy while benefiting from the security and transparency of a public blockchain.
Symbol's blockchain is highly scalable, capable of processing hundreds of transactions per second. This makes it suitable for large-scale and enterprise-level applications.
Symbol places a high emphasis on security. Its hybrid blockchain design allows for secure, trustless transactions, and its unique consensus mechanism further enhances network security.
With Symbol, businesses can keep their sensitive data private while still benefiting from the transparency of a blockchain. This is made possible by Symbol's hybrid blockchain design.
Symbol is a fully decentralized platform, with no single point of failure. This ensures that the network remains secure and operational at all times.
Symbol is developed by NEM, a renowned blockchain technology company. The project is governed by the NEM Foundation, a non-profit organization dedicated to promoting blockchain technology.
Symbol has a wide range of potential use cases, from supply chain management to voting systems. Its unique features make it a potential game-changer in industries such as finance, logistics, and governance.
Symbol can be purchased on various cryptocurrency exchanges, including Binance and Huobi. Users can buy XYM with other cryptocurrencies or with fiat currencies on these exchanges.
Symbol can be stored in a variety of wallets, including hardware wallets and software wallets. The official Symbol Wallet is recommended for the best security and functionality.
Symbol has partnered with various organizations and businesses to further its mission. These partnerships include collaborations with tech companies, financial institutions, and government agencies.
Symbol has a clear roadmap for the future, with plans to further enhance its platform and expand its partnerships. The team is also working on new features and improvements to make Symbol even more user-friendly and efficient.
Like any blockchain project, Symbol faces certain risks and challenges. These include regulatory hurdles, technological challenges, and market competition. However, the team is committed to overcoming these challenges and delivering a top-notch blockchain solution.
Symbol has a vibrant and active community of users, developers, and supporters. The community plays a crucial role in the development and promotion of the platform.
Symbol is committed to complying with all relevant regulations and laws. The team works closely with legal experts to ensure that the platform is fully compliant with international standards.
In conclusion, Symbol is a powerful and versatile blockchain platform that offers a host of features for businesses and developers. With its unique technology and strong community support, Symbol is poised to make a significant impact in the world of blockchain.