Description
Harmony is a speedy and open blockchain platform tailored for decentralized applications (dApps) and enterprise solutions, balancing scalability and decentralization. Launched in 2018, Harmony aims for rapid block creation with its sharding technology, offering 2-second transaction finality and significantly lower fees than Ethereum, making it attractive for developers seeking Ethereum compatibility with enhanced performance. Its native token, ONE, facilitates staking, transaction fees, and governance, incentivizing participation within the network. The platform employs Effective Proof-of-Stake to maintain decentralization and reward fairness while tackling large stakeholder dominance risks. Harmony's core feature is cross-chain interoperability, enabling secure inter-ecosystem asset transfers. With an emphasis on efficiency and broad participation, Harmony advances the decentralized economy by supporting fungible and non-fungible token marketplaces, leveraging zero-knowledge proofs for data sharing, and trading on over 200 markets with a 14 billion token supply.
Harmony is a speedy and open blockchain platform tailored for decentralized applications (dApps) and enterprise solutions, balancing scalability and decentralization. Launched in 2018, Harmony aims for rapid block creation with its sharding technology, offering 2-second transaction finality and significantly lower fees than Ethereum, making it attractive for developers seeking Ethereum compatibility with enhanced performance. Its native token, ONE, facilitates staking, transaction fees, and governance, incentivizing participation within the network. The platform employs Effective Proof-of-Stake to maintain decentralization and reward fairness while tackling large stakeholder dominance risks. Harmony's core feature is cross-chain interoperability, enabling secure inter-ecosystem asset transfers. With an emphasis on efficiency and broad participation, Harmony advances the decentralized economy by supporting fungible and non-fungible token marketplaces, leveraging zero-knowledge proofs for data sharing, and trading on over 200 markets with a 14 billion token supply.
