Harmony: Ecosystem bringing the future to the present
In modern times, it is almost impossible to find an area out of reach of the cryptocurrency. The popularity of cryptocurrency allows us to think about ways and technologies that will provide accessibility for ordinary people. This crypto revolution, which enters our lives quickly, simplifies and simplifies the processes in retail, that is, retail stores and customers. Blockchain has been the main technology on which all the cryptocurrencies in the assets are based and has shown good growth and growth in all other sectors. Its reliable and decentralized structure makes it difficult to manipulate its data. However, the technology of the blockchain can also evolve over time. It has been quite a large step since its first days. However, there are still problems that need to be solved. The Harmony project I’m going to talk about today is a new ecosystem that will break ground in blockchain technology.
What is Harmony?
Harmony is designed to create a new generation decentralized ecosystem. It aims to provide an experience like never before. The blockchain developed in the Harmony project will provide 10 million tx / s per second and low latency of 100 milliseconds. This has a tremendous speed from many crypto-money projects at present. Harmony is currently comparable with Google, but with speed. There will also be a low processing fee of 0.1% as the processing fee. Harmony’s goal is to be faster than 1000 times faster than Bitcoin and Ethereum.
Features of the ecosystem
There are two important components that distinguish the Harmony platform from the other ecosystem and form the basis of its project. With these components, the project aims to provide universal basic income through data. Let’s take a closer look at these components, called Deep Sharding and Zero Knowledge Proof.
Deep Sharding – One of the ways to increase the speed of the blockchain. Traditionally, it is aimed to ensure that the time to reach consensus is reached more exponentially. For this, the path chain network paths will be sharpened.
Zero Knowledge Proof – A new method of validation will be used. It mediates users to do so without disclosing all data.
Technologies Used in Harmony:
- Smart contract support. A special programming language will be used and code reliability will be maintained at a high level
- Development of a compact core designed for specific tasks to improve performance and safety
- Parallelize transaction processing. It is used to harmonize transactions in a harmonious way.
- Omniledger protocol. 10K TX/sec speed with Omniledger
- Use of 5G mobile networks
- Google UDP QUIC-Internet Protocol
- Proof of Stake (PoS)
- Consensus protocol
Usage Areas of Ecosystem
The Harmony ecosystem can provide a user experience that has never been offered for many different sectors. Due to the high speed that the ecosystem will provide, it is possible to use the game DApps on the Harmony platform. Payments for the game will take place in the DAPP and transactions can be made in a transparent and fast manner. Apart from these, the supply chain industry can use the Harmony ecosystem as a backbone to monitor chain delivery. With the new generation blockchain technology, it will be possible to follow a safe and fast way. Apart from this, this technology will be available in many different sectors.
The team between the project has considerable experience and has many years of experience in experts from large companies and also in blockchain technology.
It can be said that the foundations of the project were laid in the second quarter of 2018. It is planned that the project will continue to be available to users of the mainnet if the testnet is still in operation.
The Harmony project is very interesting. Thanks to a new generation of block chains, it is desirable to reach very high speeds with very low latencies, and at the same time, it is desirable to mark the future by keeping transaction fees low. The project team has great experience in both blockchain and other issues. Take a closer look at the project and join the project to live in the future today.
You can find more detailed information about the project by clicking on the links below;
✅ Website: https://harmony.one/
✅ WhitePaper: https://harmony.one/whitepaper
✅ Medium: https://medium.com/harmony-one
✅ Discord: https://harmony.one/discord
✅ Instagram: https://www.instagram.com/harmonyoneprotocol/
✅ Twitter: https://twitter.com/harmonyprotocol
✅ Telegram: https://t.me/harmony_one
Author of the article:
✅ Bitcointalk Username: truncus
✅ Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=998721