Symbol: Connecting Businesses with Blockchain
What is symbol?
In the stock market, symbols are also used for well-known public companies – Apple becomes AAPL and Facebook becomes FB.
One might wonder why symbols are actually needed. In fact, they can help investors distinguish between digital assets that may have similar names. As a result of the seemingly endless number of hard forks, there are many cryptocurrencies that have Bitcoin in their name – Bitcoin, Bitcoin Cash and Bitcoin SV among them.
There can be different numbers of letters in a symbol – some have only one symbol, while others can consist of four or five.