Harmony Blockchain Aims To Solve Scalability Issues Of Crypto Collectibles (Like Cryptokitty)
Harmony is a new POS blockchain capable of linear scaling. It's based on sharding technology and it is secure and energy efficient.
This linear scaling enables Harmony blockchain to increase the number of transactions per second as the network becomes more heavily used! The testnet of Harmony proved it can handle more than 118,000 transactions per second.
One thing that caught my interest is the fact that Harmony is collaborating with Animoca the creators of Cryptokitties to create an ecosystem for Crypto Collectibles.
I can see so much potential in this, because I see the blockchain as the future of gaming. Decentralized blockchains have proven that players can own, trade and/or rent assets.
One of the issues of the existing blockchains is that most of them don't scale the transactions per second with the number of active transactions. This led to things like Bitcoin's miner fees insanely increasing and what happened to the Ethereum network.
At its peak, Cryptokitties a game built on top of Ethereum blockchain with many users, had so many transactions of virtual pets that it clogged up the whole Etereum network. With a scalable system like Harmony these problems won't happen as the blockchain will scale as more people use it!
That makes me think of the whole new games that can be made on top of this new blockchain. I'm excited to see what Animoca comes up with next as they partner with Harmony.
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Cool project. I was worried about collectible scalability as it becomes more popular over time.