Harmony One: A Robust Blockchain Platform that Rewards Users

chudidonas (42)in #blockchain • 5 years ago (edited)

(1).gif

Harmony One is a robust project which aims to solving major problems in blockchain scalability by adhering to underlying core values of decentralization so as to be intact and secured. Harmony one is a project that come with underlying technology to solve these block chain problem such as:
i. Energy Consumption which uses POW (Proof-of-work) mechanism that validates user’s transactions.
ii. Blockchain network can be complex and slow for user
iii. Security issue which causes volatility for users
Harmony is not only limited as solution enabled project but also served as fast means of transaction that’ll aid user’s privacy; and it contributes to the amount of nodes of decentralized block chain project. Harmony one is taking a full stack utilization process of about 10x growth in algorithms, ecosystems, and networking of crypto industry.

What improvements does Harmonyone offer?

Deepsharding: Harmony has adopts on its inner protocol a sharding layer backed with consensus protocol that scales as an array of nodes boosts within its network. Individual shard has several nodes and it uses a quick algorithm access consensus in seconds. However, it uses the network layer protocol to send and receive messages as needed. It solves problem of scalability by introducing sharding at each level of its project block chain layer. Harmony, sharding immensely enhances scalability because each node carry huge portion of block chain data for transaction completion.
Consensus Algorithm : Harmony one algorithm has more advantages for users engagement, because it offers flexibility they that foster decentralization. Harmony protects user by introducing Proof-of-Stake. With it, users do not required to have race for block, as an alternative, they’ll stake with tokens and it depends on amount of tokens staked, afterwards they will get voting shares in return. When user makes use of PoS as their registered voter’s validator is much energy proficient compared to PoW mining process.
Security: Blockchain platforms such as Quarkchain, Zilliqa that make uses of PoW for their voter’s validation process are always susceptible to invasion by cyber hack because such attacker can focus on its hash power on one shard and take full control of it. Proof Of Stake is use to allow Harmony effectively and easily have means of suppressing attacker’s ability and focus on hash power on their shard of choice, thereby reducing about 1% of vulnerability attack which makes it a safe platform.

gPCasciUWmEwHnsXKML7xF4NE4zxEVyvENsPKp9LmDaFv4ZaWeGd9aReKU2DdJrpTuRsZEKGpAEZwgiscBaqqQEJutBdRNWbrpJm7L3E5G37LpDMu8KnVvhQVn1MJoDTBgb4L6PcjAvAFZM5An.jpeg

Why people should use Harmony one?

• Efficient & Reliable Consensus: Harmony one is POS based and so it’s energy competent. It’s accessed with scalable BFT algorithm that’s 100times much faster than PBFT algorithm.
• Low-fee consensus platform: It has a low cost of transaction in its platform making all users to enjoy their trading and transaction with one another flawlessly with no hassle.
• Adaptive Threshold POS: Stakes threshold needed to connect with network through nodes is well backed on a complete volume of staking such a way that’s effective. In addition, there is a threshold that’s so low enough for everyone to stake such that will make user to actively contribute in the ecosystem likewise still receive rewards.

Final thought

Harmony One is a completely scalability project with its validator as users where they can vote and earn as they want, it has good network communication for its users making Harmony one the best blockchain platform of 2019.