The 8-pin 555 timer must be one of the most useful ICs ever made and it is used in many projects. With just a few external components it can be used to build many circuits, not all of them involve timing!A popular version is the NE555 and this is suitable in most cases where a '555 timer' is specified. The 556 is a dual version of the 555 housed in a 14-pin package, the two timers (A and B) share the same power supply pins.
The circuit symbol for a 555 (and 556) is a box with the pins arranged to suit the circuit diagram: for example 555 pin 8 at the top for the +Vs supply, 555 pin 3 output on the right. Usually just the pin numbers are used and they are not labelled with their function.
Standard 555 and 556 ICs create a significant 'glitch' on the supply when their output changes state. This is rarely a problem in simple circuits with no other ICs, but in more complex circuits a smoothing capacitor (eg 100µF) should be connected across the +Vs and 0V supply near the 555 or 556.