NEM’s Enterprise Blockchain ‘Symbol’ Enters Final Stage Before Launch
The code for Symbol has now been "frozen" in its current iteration, marking the last step in preparing for its mainnet launch.
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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....
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 […]
Cardano moves at full speed towards its final hard fork combinator (HFC) event Alonzo to implement full smart contract capabilities. The community has been keeping a close eye on the latest developments, as AlonzoPurple enters its final test stage. Input-Output Global, the company behind this blockchain and its development, recently disclosed that they submitted an upgrade proposal. This will allow the Cardano testnet to hard fork “into the Alonzo era”. ❗🍴 Today, we have just submitted an upgrade proposal to the #Cardano testnet to hardfork the chain into the #Alonzo era and enable smart....
Enterprise use of blockchain technology has evolved at an almost unfathomable rate over the past 24 months. From early bitcoin experiments, to senior bankers joining startups, to the launch of the public ethereum decentralized application platform, to the many private, permissioned systems using the technology, blockchain has emerged as one of the top enterprise IT trends entering 2017. Yet, the market has already moved beyond the incubation phase where innovators effectively build the technology along with their initial applications, and possibly beyond the early adopter phase, too.....
Enterprise DeFi use could see a rise in 2021, but only if tokenization standards catch on with the mainstream. Decentralized finance has quickly risen to prominence, largely driven by the fact that there is over $11 billion of total value locked in the sector. While it makes sense that DeFi — a space characterized by terms such as "yield farming" and "meme tokens" — has captured the majority of the cryptocurrency sector's attention, the concept is also beginning to catch on within the enterprise world. Stefan Schmidt, chief technology officer of Unibright — an enterprise blockchain....