Thanks to sharding and the use of the new Fast Byzantine Fault Tolerant (FBFT) consensus protocol, block finalisation time, and transaction speed on the Harmony network is around 2 seconds.
One of the solutions is the Distributed randomness generation (DRG) protocol, whereby the network is partitioned into shards based on a random algorithm, which significantly increases the security of sharding. Moreover, the development team has improved the method by proposing several innovative solutions. This approach increases the throughput capacity of the blockchain. The technology divides the network into separate parts. Harmony's blockchain uses sharding technology developed and tested in other projects. Since the competition is strong in the niche chosen by the Harmony developers, the project must have distinctive features to stand a chance of winning. On 28 June 2019, the Harmony mainnet was launched. The project tokens were distributed as follows: The IEO lasted until and raised $18 million. The IEO of the project was held on Binance Launchpad and started on. The project team comprises highly qualified professionals, many of whom have weight in the technical and scientific communities. Harmony was founded in 2017 by IT specialist Stephen Tse, who has a PhD in cryptographic protocols and type theory. Stephen Tse, Founder and CEO of Harmony The history of Harmony
By decentralising access to these tools at scale, people around the world can create innovation that we haven't yet imagined. The centralised Internet has been great at allowing a few very large companies to be built, but the value has been very unevenly distributed. We want to scale smart contracts to a global level. Thanks to the technological solutions used, the Harmony network can create blocks in mere seconds and offers very low transaction fees. Harmony is a blockchain platform that allows increased scalability and cross-chain capabilities for DApps created. In the article, we explore the Harmony platform, its native cryptocurrency ONE and examine its price predictions. Although there are numerous blockchain platforms for creating DApps with serious competition in this niche, new projects continue to emerge.
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