![]() ![]() Its bid for full scalability is based on getting rid of the modular approach and trying to solve consensus “on scale”. Instead of this, Harmony will implement deep sharding technology which covers not only the transaction validation and network communication, but the blockchain state as well. This primarily refers to the scalability problem, such as that faced by Bitcoin whose increased popularity created performance and brought about increased costs of the use of its payment system. Harmony wants to get rid of structural limitations preventing the cryptocurrencies from becoming genuine digital money.Based on this, it promises to deliver the goods on the following goals: Harmony’s development focused on the idea that no platform has achieved a satisfying degree of balance between decentralization and scalability, as explained in the project’s whitepaper. To investors, Harmony promises access to an ecosystem which will support its adoption across various markets, with the focus on data sharing, decentralized marketplaces, supply chain tracking, ad exchanges, credit rating systems and gaming. ![]() More than 2.8 billion of its ONE tokens were purchased by investors, with 12.6 billion of them set aside for pre-mining. Its fundraising project managed to raise USD 18 million in April 2019, drawing attention from multiple investors such as Silicon Valley’s Consensus Capital, Hong Kong’s Lemniscap VC and others. Prior to the IEO, Harmony started out as a startup in 2018. Combined, they are supposed to put the platform at the heart of the efforts to lay the foundation of the future decentralized trustless economies. Furthermore, Harmony comes with an additional promise of delivering high throughput accompanied by two “lows”: latency and fees. Its development went under the motto of “decentralization at scale” with the focus on data sharing and the creation of marketplaces of fungible tokens and non-fungible assets. Launched as part of the initial exchange offering (IEO) on the Binance Launchpad in May 2019, Harmony (ONE) is a decentralized blockchain platform designed as a bridge between scalability and decentralization efforts. ![]()
0 Comments
Leave a Reply. |