After painful birth, NEM’s tokenization blockchain ‘Symbol’ is live
NEM has launched its tokenization chain, Symbol, despite pre-mainnet configuration issues pushing the launch back by two days. Veteran crypto team NEM Group has announced the successful launch of its Symbol mainnet.According to a March 17 announcement, NEM now comprises a “two chain ecosystem,” with NEM’s existing NEM NIS1 chain continuing to operate alongside Symbol. Symbol’s launch wasn’t entirely smooth sailing, with the mainnet going live two days late.Despite the team announcing the launch would be delayed due to the need to investigate unexpected node behavior amid its pre-mainnet....
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The code for Symbol has now been "frozen" in its current iteration, marking the last step in preparing for its mainnet launch.
The massively popular public blockchain network NEM has been diligently working to expand into the enterprise solutions ecosystem since 2017. Soon this year, NEM will release Symbol, an enterprise-ready blockchain network. This is a significant move on NEM’s part as the team has always focussed on the utility-centric aspect of blockchain technology. NEM’s NIS1 blockchain has many firsts to its credit. It was one of the distributed ledgers to enable the proof-of-stake consensus mechanism. NIS1 […]
Since Bitcoin’s 2008 beginnings, the cryptocurrency industry has witnessed several different eras; Crypto 1.0, Crypto 2.0, and the current era of Crypto 3.0. According to GlobeNewswire, Bitcoin and the concept of payment currencies led the Crypto 1.0 era, while Ethereum spearheaded the era of Crypto 2.0. Crypto 2.0 focused on the underlying blockchain technology behind cryptocurrency, which gave birth to the tokenization revolution. However, following Proof-of-Work (PoW) protocols, certain issues like scalability, high cost, and transaction speeds have remained. The era of Crypto 3.0 is....
Tokenization provides new liquidity to the real estate market by making it easier for people to trade and invest in properties. A few years back, the concept of owning and trading fragments of physical real estate might have seemed too far-fetched for many. But with the advent of blockchain technology, real estate tokenization is providing new opportunities for fractional ownership and investment.Blockchain technology’s long-overdue debut in real estate has made real-world asset tokenization a heavily-discussed topic in the industry. After all, tokenization ticks all those boxes that are....
San Francisco-based entrepreneur Santiago Siri celebrated the arrival of his baby daughter Roma in a rather different way this week - by registering her birth on the bitcoin blockchain. Doing so seemed like a natural step for Siri, whose interest in decentralisation and blockchain technology is evidenced by his role at democracy.earth where he is working with Pia Mancini, Roma's mother, on upcoming blockchain projects. Spurred on by a meeting with Ryan Shea, co-founder of identity protocol startup OneName, Siri decided to record Roma's birth on the blockchain - excited by the idea of doing....