01 Jul Symbol – what’s the big idea?
by the Symbol Community
There were a lot of people involved in making this article, those that contributed ideas, those that gathered the data and I got the easy(?) job of writing a short blog post about it. I’d like to say a special thank you Ana M. and Radio-Radio for their contributions.
Symbol the high-performance blockchain
I’ll start with a bit of context.. We all know that Symbol is a powerful platform and is capable of handling a large number of transactions very quickly. Before release the testnet was stress tested and maintained a consistent 200 transactions per second over many hours without any issues. We all remember Daruma monitor right?
Since the launch of the mainnet however, we have not seen anywhere near this level of usage and typically there are only a small number of transactions sent in each block.
It is a bit like owning a Ferrari and driving it at 30mph down to the shops and back. Low usage is to be expected for a 3 month old blockchain but we want to use it to its full potential! So how do we get people to make use of Symbol and drive up the number of transactions on the blockchain?
Community ideas
There have been many great ideas put forward by the Japanese community in recent weeks. I will keep this blog post short but hope to write some longer articles describing some of the ideas in more detail (and in English!). Here is an overview of some of the cool ideas in visual form for now though (thanks Ana M. for the graphic!).
You can learn more about the projects using the links below:
- Linking contemporary art creators with their fans to NEM by TK3104
- A service for confirming elderly safety by patapiron
- NEM Apostille camera app by 花畑@HANABATAKE
- Chat app permanent message history log by nemuriya
- Mosaic reward system in healthcare by kenji55
- Life with dogs and cats with blockchain memorabilia by Radio_Radio
- Donation platform on Symbol blockchain by TkyKawa
- Health and beauty reward system by shintaso
Plus we are picking up more and more ideas for Symbol applications all the time on Twitter!
Hopefully we will get to write about some in the near future. Maybe we will see some of these ideas built on Symbol, becoming part of our everyday lives at some point soon! 😊
I’m a Symbol and NEM enthusiast and run this blog to try to grow awareness of the platform in the English-speaking world. If you have any Symbol news you would like me to report on or you have an article that you would like to publish then please let me know!
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