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Symbol is a blockchain platform that features a new consensus algorithm called proof-of-stake-plus (PoS+).
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The blockchain was forked by a pseudonymous team of cryptocurrency experts in November 2021.
Symbol is the spiritual success of NEM. It aims to solve the problem of EVM-based platforms. It provides a strong base for future improvements and enhancements. They aim to build a high-performance blockchain.
The blockchain supports both probabilistic and deterministic block finalization. In probabilistic block finalization, the chances that any block is rolled back falls because more and more blocks are added to it. Although the probability becomes smaller, it is always non-zero. Whereas in deterministic block finalization, checkpoints are set to confirm that no block is rolled back. This is a more assured way.
Features of Symbol
Some of the main features of Symbol blockchain:
Proof-of-Stake Plus (PoS+): It is the modified version of proof-of-stake mec
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