Harmony - Open Consensus For 10 Billion People
Over the years, the blockchain system have flourished, even through the harsh and difficult times, the blockchain space have tried to scale. Today there are a large number of digital currencies present,but the blockchain still need some sort of refinement. There are some pending issues plaguing the traditional blockchain which HARMONY will to fix. Some of these problems includes, low transaction speed and scalability.
INTRODUCTING HARMONY PLATFORM
HARMONY platform is designed to accomplish effeciency in the operations performed by the users and also it offers a truly dependable system in terms of security. Harmony proposes to issue low fee to its users.
HARMONY's main aim is to offer a SHARDING based revolutionary blockchain platform that will be more transparent , efficient, and scalable.
HARMONY is an advanced blockchain platform which makes use of deep sharding for high scalability. There is an addition of network communication sharding and the platform verifies the transactions like Zipliqa, and it amazingly retains the original state of blockchain.
HARMONY utilizes the DRG (Distributed randomness generation) process to shard securely, therefore making sharding to be accountable and scalable.
The platform uses Proof-of-Stake based consensus algorithms over the Proof-of-Work . This concensus aids in achieving the 100 times faster validation and with great efficiency.
HARMONY platform allows cross shard transactions which ensures productive sharding
WHY YOU MUST CHOOSE HARMONY
Harmony makes use of PoS- consensus which will ensure maximum security and will eradicate the issue of hack.
HARMONY is a Low-fee consensus platform which gives the users a very minimal cost of transaction to carry out their transactions.
Highly Scalable and reliable Consensus: Harmony platform utilizes the PoS, therefore making it highly efficient . It is completely equipped with a scalable BFT algorithm which is more expeditious than the PBFT algorithm.
HARMONY is created with an Adaptive Threasholded Proof-of-Stake in such a way that the threshold of stakes which is useful for nodes to join the network will be altered according to the amount of all the overall stakes in a way that it will be very difficult for a mischievous stakers to cluster their power in a certain shard.
The adaptive threashold is designed to be low which makes give the users that stake in small amount the opportunity to also have access to the blockchain system and receive their rewards together with the big stakers.
Harmony One platform provides us a place that is easy for us to stake.
Another outstanding thing about Harmony is that it's blockchain is created to employ the use of the RaptorQ fountain code that ensures that the Harmony blockchain will swiftly transmit blocks with the use of Adaptive information Dispersal Algorithm.
Road map
Team members
CONCLUSION
HARMONY platform is designed with the aim of obtaining an efficient blockchain which will be highly scalable . It makes use of sharding to scale up the blockchain system and its use of Proof-of-Stake consensus algorithms will make transactions more efficient. Harmony will attract diverse number of people to the blockchain world and I believe that with the help of this amazing platform there finally be a global adoption of cryptocurrency and blockchain.
For more information visit
Website: https://harmony.one/
Telegram: https://t.me/harmony_one
Twitter: https://twitter.com/harmonyprotocol
LinkedIn: https://www.linkedin.com/company/harmony-protocol/
Instagram: https://www.instagram.com/harmonyoneprotocol/
Medium: https://harmony.one/blog/
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