We are in the era of high-end technology and blockchain is the one that taking it to the next level. Blockchain is a new age technology that's making everything fast and better manager than the traditional tools we had before. Now when we have many blockchain platforms around but we expect a better one that makes the transaction super-fast, scalable and cost-effective. Technology all about keeps it upgrading to the next level and if any technology which stops upgrading itself then and soon we can see the end of it. in the same way, like we have a blockchain with us and there are many platforms which are built on blockchain but we always prefer the platform which provides superfast transaction speed with scalable and cost-effective transaction processing solution.

Today in this post I will be talking about harmony blockchain platform. I got to know about Harmony blockchain though this contest post last week but 3 days back I received an email from Coinhako (Leading cryptocurrency exchange in Singapore) because I hold an account with them.

This email increased my interest in this project and I did some research about it this weekend.

What is Harmony

Harmony aims to offer a high-throughput, low-latency, and low-fee consensus platform designed to power decentralized economies of the future.

Harmony (ONE) blockchain is focused on providing a solution for super-fast, scalable and cost-effective transactions. They have invented 'Deep Sharding' which is very helpful for building a highly secured, energy-efficient platform. Their goal is to provide decentralization & scalability at the same time and blockchain is all about it but no platform has been able to achieve it till now. Harmony platform is working to change this scenario and deliver both.

Team

Team members are the base of any project and I have gone through the skills and experience of Harmony team and its amazing. Most of these team members have already worked for big project like- Google Map, Siri, etc. So they are going to give their best of knowledge and experience to this project which will make it giant in blockchain and lead to massive adoption.

Indeed they have a team good people with great ideas and it's like having assets. Together they are going to make something that will be amazing and the world is going to adopt and enjoy it.

source

Comparision of Harmony with other platforms-

Here is the table showing the functionality of Harmony and other platforms and you will notice that Harmony is the only platform that has everything.

source

• Transaction level sharding- is available with all players.
• State & Network level Sharding- available with Harmony and other 1 (Multivac)
• Testnet Results- Harmony has highest in this with 118k while others have not even exceeded 30k mark.
• Security against 1% shard attack- This is available with Harmony and Multivac only.
• Cross-shard communication routing optimization- This feature is available only with Harmony.

So if you look at the overall picture then you will notice that Harmony is the leader having all the functionality while others don't even stand in the race. There is no competition with Harmony in terms of technology and functionality.

Whitepaper document (Technical Whitepaper)

The whitepaper is a kind document that has everything about the project and I have gone through it. They have made it available on their website and if you want to go through then please click here

The whitepaper is nicely prepared and easy to understand. I appreciate their efforts keep it simple so that anyone who has no much technical knowledge can also understand and this is what I liked much about it. It's a 21-page document and I suggest you go through it. They have mentioned details about the technology, research, their future plans along with key guiding principles.

Harmony Consensus Protocol

Their consensus protocol uses design principles known as sharding and pipelining to strengthen processing of transactions. Through this way, they handle connection latency effectively on a scale with their network size.

source

Market status & Listing in Coinhacko Exchange-

Harmony (ONE) was launched in May 2019 as an Initial Exchange Offering (IEO) on the Binance Launchpad and prior to the IEO, ONE had also raised over USD 18 million from backings by globally renowned investors from the Silicon Valley, Hong Kong, and others.
source

Some stats about Harmony One (the time of writing this post)

The trading per token price is ~US$0.0.010
Having Total market cap of over US$26 million!
Ranked at 134 amongst all cryptocurrencies in coinmarketcap website.
Having a total supply of 12.6 billion tokens and over 2.5 billion token supply in circulation.

source

Achievements-

This project is doing fantastic and has a few great achievements-

• Coinbase has shortlisted harmony One
• Bitmax and Coinhacko have already listed it
• They made it possible within their first 24 hours and I found these numbers amazing.

1283 user Signups
138 Nodes up and running already successfully.
Available in 77 Countries
356 Keys Downloaded

Conclusion

Harmony is such a fantastic project loaded with high-end technology and it has the potential to go for mass adoption because they are working on something that is just shared by other players while they are focused to make it possible. Even a quick comparison makes it clear to understand that they have bigger future plans and have capabilities to change the way world use blockchain.

---

References-

Website
WhitePaper
Medium Channel
Telegram
Twitter
LinkedIn
Instagram

Thank you so much
have a great weekend ahead