[Harmony One] - Since its emergence until now, blockchain technology with bitcoin as the first cryptocurrency that stands on it has always undergone changes and developments over time to answer the challenges and problems that arise especially in the implementation and formation of the blockchain infrastructure that continues to be improved. If you see that there are currently several blockchain protocol providers that are independent and offer their infrastructure as a form of service, they are expected to be able to serve quickly as needed.
Viewed from its history, Bitcoin uses consensus Proof of Work (PoW) which offers a speed of 7 transactions per second (TPS). As time goes by, this is not enough to be able to provide fast, safe and inexpensive services. Because it is proven that the transaction costs that appear in bitcoin still tend to be expensive even though it is very safe. Furthermore in 2014 Ethereum infrastructure that offered speeds of up to 15 transactions per second appeared and offered developers to be able to create blockchain applications using "smart contracts". There has been a development but ethereum is considered to be a failure because it is not able to serve fast and many transactions at the same time in an application such as gam and exchange. The growing infrastructure and consensus protocol is indeed evidence that the blockchain ecosystem continues to grow and strives to provide answers to all problems.
This time I will introduce you to a project that offers a blockchain infrastructure for a decentralized economy. Their infrastructure is claimed to be the fastest and cheapest. They are named Harmony One. Harmony One is what we will discuss on this occasion. How attractive are they? What are the advantages? and so on, we want to discuss together.
About the Harmony One
As stated in the introduction above, the consensus and blockchain infrastructure continues to grow and this time the Harmony One offers a faster and cheaper blockchain infrastructure. This certainly puts the Harmony One to compete with other similar platforms such as Ethereum, EOS, Tron, Ziliqa and other first layer blockchain projects. If you read their whitepaper there will be a brief and clear explanation of the plans and concepts of their blockchain infrastructure. With a few key words below, maybe a little you explain the purpose of the Harmony One, which is creating a blockchain ecosystem with a low-latency and low-fee consensus platform to achieve a power decentralized economies of the future. The following below are some important notes about the blockchain infrastructure that they will build.
Fully Scalable: Harmony One prepares an infrastructure that is indeed measurable and mature with all the facilities and services they can provide.
Secure Sharding: The Harmony One sharding process is very safe with a level of randomness that is difficult to predict, describe, verify, and measure very well.
Efficient and Fast Consensus: Harmony One uses PoS consensus which is proven to be more energy efficient and faster than the PoW consensus which must go through the process of selecting the validator first.
Adaptive-Thresholded PoS: In the Harmony One blockchain infrastructure, small coin owners still have the opportunity to join consensus to hold their coins and get rewards. And there are a number of other things.
Conclusion
In simpler languages it can be said that the Harmony One appears by offering a decentralized future economic activity that is faster and cheaper compared to other blockchain infrastructure. With various preparations and concepts that have been planned, the Harmony One is one proof that the blockchain and cryptocurrency are still gaining attention from experts and developers, and this ecosystem continues to grow. With what is offered, of course, it will put the Harmony One to be one of the competitors from various platforms that offer similar things. More information about the Harmony One here:
Harmony Twitter Link: https://twitter.com/harmonyprotocol
Harmony LinkedIn Profile: https://www.linkedin.com/company/harmony-protocol/
Harmony Medium Page: https://medium.com/harmony-one
Harmony GitHub Page: https://github.com/harmony-one
Harmony Instagram Profile: https://www.instagram.com/harmonyoneprotocol/
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