Symbol is a trusted and secure enterprise blockchain that smooths business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets. Symbol is purpose-built to help businesses cut costs, reduce complexities, and streamline innovation.
Launched in March 2021, Symbol utilizes a unique hybrid (public/private) architecture, enabling businesses to benefit from the transparency that public chains offer, while also permitting data restrictions and encryption measures to be put in place for more confidential information. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution.
XYM is the native currency of the Symbol public blockchain, and is used as the core value transfer mechanism for the blockchain.