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.
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- What is Symbol?
Symbol provides access to both public and private blockchains, individually or as a hybrid, providing options to best suit your project needs.
Public chain: The Symbol public chain is a platform supported by a decentralized network of nodes. Entities on the platform can freely communicate and exchange value with one another in a trustless environment. XYM serves as the native currency to Symbol’s public blockchain.
Private chain: Private chains, on the other hand, are permissioned blockchains that prefer privacy, compliance, customization, and efficiency over decentralization. You can choose to deploy their own private chains with Symbol in cases where blockchain technology is desired in a closed ecosystem.
Hybrid chain: By utilizing both public and private blockchains, you can preserve an intimate ecosystem in a private chain and communicate freely with the public chain as a decentralized hub of data.