[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"84230d04-51a1-4a74-bd26-68f74cf10c81","updated_at":"2022-07-28T11:50:00+00:00","account":{"firstName":"Marigold","lastName":"Vance"},"description":"Harmony (ONE): Bridge To All Chains The previous IEO on Binance, Matic (MATIC), did not produce the expected returns for investors. This has raised concerns about the future of projects on Binance Launchpad, and Harmony is the next thing to appear on the platform. Let’s take a deep dive into ONE!","sapo":"Harmony (ONE): Bridge To All Chains The previous IEO on Binance, Matic (MATIC), did not produce the expected returns for investors. This has raised concerns about the future of projects on Binance Launchpad, and Harmony is the next thing to appear on the platform. Let’s take a deep dive into ONE!","title":"Harmony (ONE): Bridge To All Chains","content":"

Overview of Harmony

Harmony is the next-generation sharding-based blockchain that is fully scalable, provably secure, and energy efficient.

Harmony addresses the problems of existing blockchains by combining the best research results and engineering practice in an optimally tuned system.

By innovating on both the protocol and network layers, Harmony provides the world with a scalable and secure blockchain system that is able to support the emerging decentralized economy.

History of Harmony

Harmony was founded in 2018 by Stephen Tse, who has an in-depth insight into cryptographic protocols and type theory.

Harmony has twelve founding members, most of whom worked at leading companies like Google, Apple, Microsoft, and Amazon.

Harmony launched its mainnet in 2019.

Harmony finished its 2019 IEO via Binance Launchpad.

Harmony launched the Verifiable Random Function (VRF) for unbiased and unpredictable shard membership.

The ONE token hit its all-time high of $0.379020 on October 26th, 2021.

About ONE token

ONE is the Harmony network's native token with the following use cases:

ONE can be used to pay for various network services and operations, including storage.
ONE holders can also participate in network governance through their voting rights.
Harmony's platform includes a staking mechanism. To be a validator, you must have at least 10,000 ONE tokens.

How Harmony works

Harmony's technology and utility are regarded as the most valuable components of the network.

Through the use of random state sharding, Harmony achieves scalability and increases the speed of transactions and block generation. To reduce latency, random state sharding allows the network to divide the database into smaller partitions called shards. Sharding enables near-instantaneous transactions while preventing network congestion.

In comparison to other blockchains, Harmony's deep sharing solution is advanced and unique. The primary goal of sharding technology is to:

Including both the transaction and consensus layers.
Increasing parallel processing capacity via the platform.
Eliminating the need to store entire blockchain nodes and allowing smaller devices to become network nodes.

Furthermore, because of its randomization mechanism, a sharded network is more difficult to take over. Harmony uses cryptographic functions and verifiable delay functions to assign random numbers to shards and help protect the network from attacks.

These Harmony components significantly improve the project's utility and technical capacity. As a result, Harmony will become more valuable and accessible over time.

Features of Harmony (ONE).

The Harmony network possesses the following key features:

On the Protocol layer, Harmony uses a POS consensus mechanism based on the Sharding Protocol, which can increase the number of nodes on the network and advanced solutions to increase efficiency for applications where the market is limited radically.
On the Network layer, Harmony uses the QUIC protocol for faster information transmission.
Harmony technology uses the PBFT OmniLedger consensus mechanism and the QUIC network transmission protocol to provide outstanding security.
In addition, Harmony can connect any Proof-of-Work and Proof-of-Stake chains.

Is ONE a good investment?

Over the last two years, the Harmony ecosystem has expanded dramatically and the project's current ecosystem maps are filled with significant projects and dApps.

According to the Harmony team, the blockchain can handle up to 10 million transactions per second, making it one of the fastest blockchains available today.

Harmony will become the best solution in the future when the crypto market is adopted by billions of people due to its infrastructure and high capacity, and the price of ONE token is expected to skyrocket in the forthcoming future.

Explore all the trending topics and hottest news in the crypto market with our Blogchain.

Meanwhile, practice trading, play virtual money, and earn real tokens with CryptoSim - Virtual Trading Game.

","tags":[{"tag":{"tag":"DEX","id_tag":"dex"}}],"image":{"fileName":"harmony-one-deep-dive.png"}}]

Harmony (ONE): Bridge To All Chains

Related topics