SymNet is a decentralized peer-to-peer blockchain network, designed to be flexible and capable of adopting new functions as needs arise in the future. Blockchain consumers and producers cooperate to achieve system robustness, growth, balance and evolution.
SymSensus utilizes the power of strategically assigned veto right to design a new Byzantine Fault Tolerant consensus algorithm that ensures the speediest agreement for uncorrupted blocks, while flawed blocks are rejected.
SymChain sorts different types of data into separate distinct blocks, which together form the SymBlock. The multi-block blockchain structure allows each block within SymBlock to carry less data and also simplifies data processing for faster operational speed.
SymStack consolidates all the transactions performed (and recorded in the chain of Mainblocks) up to a specified time. The resulting snapshot of the consolidated accounts is recorded in a distinct block, within SymBlock, and relieves the Mainblock from the need to carry constantly growing amounts of bulky data.
SymTrans will help usher in the mainstream use of blockchains. SymTrans uses the multi-block structure of SymChain to distinguish general transactions from contract-based transactions, and then sorting into basic categories. Ready-made templates trivialize the level of technical knowledge needed to formulate most transactions.
SymID introduces a convenient and functional ID system, which permits multiple accounts as well as control over compromised and recovery of lost accounts. The design of SymID anticipates future requirements imposed not only by various governments around the world, but also by community of blockchain users.
SymWallet is a software which connects the user to everything on the network. More than a smart wallet, it serves as a net-explorer, app browser, cryptocurrency exchange, communication tool, and more. SymWallet is an instrument of equitable token distribution and sustainability.
SymStabilizer adjusts the amount of the native currency SYM newly injected into the system, according to the level of economic activity as well as the demand for currency. The currency supply policy will smooth out excessive fluctuations in the exchange value of SYM.
SymReward invites everyone to participate in the block production process and distributes new SYM to all participants equitably. Sharing rewards is not a competitive process and “rich get richer and poor get poorer” is a foreign concept in SymVerse.
SymMechanism encourages voluntary actions on the part of all nodes to operate in ways to benefit not only the individual participants, but also the community of SymVerse users and the whole network system.
On the 29th of January, Choi Soo-hyuk, CEO of SymVerse Co., Ltd received the Grand Prize Award for the application of industrial convergence at the ‘2019 Blockchain MARVELS Award’ceremony...Read more →
On January 3rd, Korea Fintech Industry Association, in conjunction with The Korea Institute of Information and Telecommunication Facilities Engineering, hosted a blockchain workshop against a backdrop of the 10th anniversary of ...Read more →
According to local news outlet JoongAng Daily, a blockchain company based in Korea believes that it has found what it takes to revolutionize blockchain technology and bring even quicker pace to the way that transactions are being carried out. SymVerse, a blockchain firm that was established ...Read more →