The topic of my article today is the Harmony project, a project that will eliminate the problems that investors or traders have had for years. Harmony is a revolutionary high-efficiency, low-latency and low-cost consensus platform designed to empower future decentralized economies. After giving a brief description of Harmony in the introduction, if you want, let's try to understand the Harmony project better by discussing the concrete problems that the project provides and the reasons for its emergence.
Hello we continue to address the different aspects of the harmony project.
Our open infrastructure is a revolutionary high-throughput, low-latency, and low-fee consensus platform designed to power decentralized economies of the future.
As you know, with the rapid development of technology, changes are taking place in the world. These changes create differences in people's habits. People's experience in using technology in the past fades over time, and in almost every field, people need to renew themselves according to technology. It is necessary to keep up with some kind of developing technology. While people keep up with this, technology, especially internet technology, is constantly looking for other innovations to meet the needs in almost every field. As a matter of fact, these quests aim to be able to capture time and be one of the first to respond to people's wishes.
Many discoveries have emerged from the past to the present. We have witnessed some of these inventions and learned some of them from historical background. All of these inventions are, of course, very valuable. Blockchain is undoubtedly one of these invaluable discoveries, which are suitable for our subject and a new invention of the age. Blockchain is an ecosystem with a decentralized, highly secure and transparent platform that finds new solutions for us.
Blockchain is a distributed database that provides briefly encrypted transaction tracking. As the name implies, the Blockchain technology, built with a chained model that can be traced but not broken, allows operation without being connected to a center. Thus, transactions can be performed directly between the buyer and the seller and in a safe manner. This platform, which has come up with robust projects in many areas, has now created a new commercial and financial sector with high market value. For this Blockchain platform, a project has emerged that produces new formations and solutions. This project is Harmony One project.
Harmony’s open, decentralized network is enabled through the use of the native protocol token - Harmony ONE. The token incentivizes and rewards a variety of participants including developers, validators/stakers, investors, and community members who develop, secure and govern the network. In order to use the network, users pay a small transaction fee denominated in the native Harmony token.
Harmony’s scalable, high-throughput protocol is powered by a native token which is used for various forms of payment and participation in the protocol (staking, transaction fees, voting & governance).
Harmony uses blockchain to align incentives of different stakeholders, developers and businesses while allowing them to build open marketplaces of fungible and non-fungible tokens and assets. Furthermore, the upcoming application of zero-knowledge proofs will allow Harmony to become a data sharing platform that can overcome the conflicting problem plaguing many information and data markets: that individual market participants’ have mutual distrust to share data but strong desire to acquire data themselves.
By innovating on both the protocol and network layers, Harmony provides the world with a scalable and secure blockchain system that is able to support the emerging decentralized economy. Harmony will enable applications which were not previously feasible on blockchain, including high-volume decentralized exchanges, interactive fair games, Visa-scale payment systems, and Internet-of-Things transactions. Harmony strives to scale trust for billions of people and create a radically fair economy.
whitepaper : https://harmony.one/whitepaper.pdf
Telegram : https://t.me/harmony_one
-- author : freimiller