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Symbol (blockchain)

From EverybodyWiki Bios & Wiki


Symbol
Original author(s)Jaguar
Gimre
Bloody Rookie
Developer(s)Jaguar
Gimre
Hatchet
Initial release17 March 2021; 3 years ago (2021-03-17)
Development statusActive
Written inC++

Symbol is a public blockchain platform that was lived on March 17,2021.[1] It is developed as a major update to NEM. Symbol platform uses a Proof-of-Stake Plus (PoS+) consensus algorism, an modified Proof-of-Stake (PoS).[2][3][4] XYM is the native cryptocurrency of Symbol platform.[5]

Typical functions of Symbol include mosaic, multisig, aggregate transaction, etc.[1][3]

History[edit]

On January 19, 2014 , Development was called for on the Bitcointalk forums by a Bitcoin Talk forum user named UtopianFuture, and together with core developer Jaguar, development began. The goal was to create a new economic sphere based on the principles of financial freedom, decentralization, equality, and solidarity.[6]

On June 25, 2014, an open alpha test was launched, and on October 20, 2014, an open beta test was launched. And on March 31, 2015, Symbol's predecessor, NEM, launched to the public.[7][8]

In 2016, Tech Bureau published a white paper on its blockchain core Catapult. [9][10]

In 2018, a beta version of Catapult was released, and Catapult was released as a feature and open source program of the private blockchain mijin v2.[11]

In 2019, the Catapult server was updated to make it a different blockchain than NEM.[12] [13] [14] [15] [16]

On December 20, 2019, it was proposed that the blockchain "Catapult" be named "Symbol," and on January 4, 2020, a community vote decided that the name was "Symbol".[17]On February 1, 2020,  ticker symbol for Symbol platform decided  to “XYM”.[18]

In 2020, the public testnet was launched to the public.[19]

Symbol mainnet was launched on March 17,2021.[20]

Design[edit]

XYM[edit]

XYM is a cryptocurrency used as a commission when trading tokens on the Symbol platform.The maximum issuance amount is set to about 9 billion (8999,999,999)XYM .It will be issued based on the amount of XEM, the native currency of the blockchain NEM, held as of March 12, and a portion of XYM will be issued over 100 years as an inflation reward.[2][21]

Harvesting[edit]

Symbol uses Proof-of-Stake Plus (PoS+) as a consensus algorithm, and the process of block generation is called harvesting. Block generation takes about 30 seconds, during which the sum of the fee to enter the block and the inflation reward amount prepared in advance by the protocol is distributed as a reward.The reward is XYM.[2][22]

Mosaic[edit]

Mosaic is a token issued on the Symbol platform.[3] Mosaic issuers can also use the mosaic restriction, a feature that allows them to determine which accounts can trade mosaics.[2][23]

Namespace[edit]

Namespace is like a domain on the Symbol platform.[24] This will allow you to name addresses to make them easier to remember and trade, or to name mosaic to name cryptocurrency.[25]

Aggregate transaction[edit]

Aggregate transaction is merged multiple transactions into one, allowing trustless swaps.[2]

Multisig[edit]

Multisig is a function that requires signatures with multiple private keys when executing a transaction. In Symbol, in addition to the conventional multi-sig function, the multi-sig function of multiple layers is also used.[2][26]

Account restriction[edit]

Symbols have the ability to restrict transactions from a particular account.[2][27]

References[edit]

  1. ↑ 1.0 1.1 "NEMが次世代エンタープライズブロックチェーン「Symbol」をローンチ". Biz/Zine (in 日本語). Retrieved 2021-10-23.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 "仮想通貨シンボル（XYM）とは｜初心者でもわかる重要ポイントと将来性". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-23.
  3. ↑ 3.0 3.1 3.2 "ネム（NEM）のシンボルとは？オプトインについてや今後の動きを解説！ | Coincheck". coincheck（コインチェック）. Retrieved 2021-10-23.
  4. ↑ "Consensus — Symbol Documentation". docs.symbolplatform.com. Retrieved 2021-10-23.
  5. ↑ "ネム、次世代ブロックチェーンのシンボルをローンチ". Cointelegraph (in 日本語). Retrieved 2021-10-23.
  6. ↑ "仮想通貨 ネム（XEM）とは｜今後の将来性とおすすめ取引所". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-25.
  7. ↑ "中国のCERT報告書：NEM(XEM)が最も安全なプロジェクト". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-25.
  8. ↑ "NEM Launches, Targets Old Economy with Proof-of-Importance". Cointelegraph. Retrieved 2021-10-25.
  9. ↑ "ブロックチェーン技術のテックビューロとオープンソースプロジェクトNEMが提携しMijinの新型コアエンジン『Catapult』を共通採用". プレスリリース・ニュースリリース配信シェアNo.1｜PR TIMES. Retrieved 2021-10-25.
  10. ↑ "テックビューロが次世代の超高性能ブロックチェーンコア『Catapult』のホワイトペーパーを公開". プレスリリース・ニュースリリース配信シェアNo.1｜PR TIMES. Retrieved 2021-10-25.
  11. ↑ "テックビューロ社が独自ブロックチェーンのミジン(mijin v..2)にカタパルト(Catapult)をリリース｜仮想通貨ニュースと速報-コイン東京(cointokyo)". cointyo.jp. Retrieved 2021-10-25.
  12. ↑ 達也, 西内 (2019-01-21). "ネム(NEM) カタパルトのBisonアップデートと3つの主要機能とは？｜CoinChoice". CoinChoice (in 日本語). Retrieved 2021-10-25.
  13. ↑ 達也, 西内 (2019-02-13). "ネム(NEM)カタパルトのCowアップデート、その内容と機能とは？｜CoinChoice". CoinChoice (in 日本語). Retrieved 2021-10-25.
  14. ↑ 株式会社インプレス (2019-06-06). "NEM財団、カタパルトサーバーの第4マイルストーン「ドラゴン」の詳細発表 〜ハーベスト報酬の分配やモザイクトークンの発行方式を追加". 仮想通貨 Watch (in 日本語). Retrieved 2021-10-25.
  15. ↑ "NEM（XEM）の報酬システムがさらに平等に｜カタパルトアップデートで「PoS+」実装". 仮想通貨ニュースメディア ビットタイムズ (in 日本語). Retrieved 2021-10-25.
  16. ↑ 達也, 西内 (2019-10-16). "ネム(NEM)カタパルト間近？Fusichoアップデートリリースが財団技術部門より報告｜CoinChoice". CoinChoice (in 日本語). Retrieved 2021-10-25.
  17. ↑ "仮想通貨NEMのカタパルト、新ブランド戦略を発表 名称やロゴの変更も". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-25.
  18. ↑ "仮想通貨ネムの「Symbol」、新ティッカーを「XYM」に決定". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-25.
  19. ↑ "仮想通貨ネムのカタパルト、パブリックテストを開始 メインネット公開日程にも言及". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-25.
  20. ↑ "ネムの新通貨Symbol（XYM）が誕生". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-25.
  21. ↑ "ネム（XEM）保有者の新通貨受取り表明、来月15日から開始へ Symbolロードマップも更新". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-25.
  22. ↑ "Harvesting — Symbol Documentation". docs.symbolplatform.com. Retrieved 2021-10-23.
  23. ↑ "Mosaic Restriction — Symbol Documentation". docs.symbolplatform.com. Retrieved 2021-10-23.
  24. ↑ "仮想通貨ネム、独自トークン発行機能におけるカタパルトでの新たなアップデートを発表". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-23.
  25. ↑ "ブロックチェーン・アプリケーションの開発方法｜イーサリアムとNEM（ネム）の違い". CoinPost｜仮想通貨ビットコインニュース・投資情報 (in 日本語). Retrieved 2021-10-23.
  26. ↑ "Multisig Account — Symbol Documentation". docs.symbolplatform.com. Retrieved 2021-10-23.
  27. ↑ "Account Restriction — Symbol Documentation". docs.symbolplatform.com. Retrieved 2021-10-23.

External links[edit]



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