HARMONY- Open Consensus for 10 Billion People
The blockchain technology came with a lot of innovative features that was meant to enable Transparency, trustlessness, immutability, Decentralization, safety and security in both financial transactions Data management in every sector of the global economy. The first blockchain was bitcoin blockchain , this blockchain served the purpose initially , but as more people started adopting the technology of the blockchain in integrating their businesses , it became difficult for bitcoin blockchain to meet the demand of the more traders and investors carrying out huge transactions per second. This later led to the creation of other blockchains , yet the problem of scalability , complete decentralization etc persisted. Hence the need to create an innovative next generation blockchain known as Harmony
THE CREATION OF HARMONY
Considering the numerous challenges facing the existing blockchains a team of seasoned professionals and experienced men have a designed Scalable and decentralized blockchain which is meant to be 10x higher than the existing blockchains in innovation at each layer in consensus algorithm system and networking. Also, the Harmony blockchain is created to allow an end to end integration which is meant to enable a faster performance compare to other blockchains.
HARMONY OUTSTANDING FEATURES THAT MAKE IT DIFFERENT FROM OTHER BLOCKCHAIN.
It will interest you to know that Harmony is designed with unique features such as consensus protocols which make use of designed principles in order to offer a parallel transaction, and these principles include Sharding as well as pipelining. Also, the sharding based nature of Harmony blockchain is completely scalable unlike other blockchain like bitcoin whose major challenge was lack of scalability.
HOWEVER, standing out as the best, Harmony innovative design handles the challenges faced by other blockchains by putting together engineering practice and the best research result in an innovative system, thereby creating a world’s best standard blockchain.
HARMONY IS THE BEST CHOICE
In considering the best Blockchain that meets the demands of crypto enthausiats globally, Harmony stands out as the best choice due to the following innovative features:
Firstly, Harmony is designed with secure Sharding: due to the involvement of distributed randomness generation process which is unpredictable, scalable as well as verifiable , Harmony Sharding is highly and adequately secure . Also, in order to prevent adaptive inconveniences, Harmony is able to reshard the network in a non- interactive way. This is not possible on other existing blockchains.
Secondly, Harmony is designed with Efficient and Fast Consensus: Harmony blockchain is based on PoS ( proof of Stake ) consensus and its efficient in terms of energy . Whereas other sharding based blockhains depends on PoW (proof of Work) consensus to select validators, but with Harmony.one consensus is reached with a linearly scalable BFT algorithm which has been designed to be up to 100 times faster when compared to PBFT.
Thirdly, Another unique reason why Harmony.one is recommended anytime over others is that fact that Harmony is designed with an Adaptive Threasholded PoS: on Harmony, the threshold of stakes that is needed for a node to join the network is adjusted based on the amount of all the total stakes such that it becomes impossible for a malicious stakers to concentrated their power in a particular shard.
Good enough, the Harmony adaptive threashold is made to be low so as to enable those who stake in small amounts to also be able to access the blockchain network and receive rewards alongside the big stakers.
The fourth innovative feature that makes Harmony outstanding is its Scalable Networking infrastructure: Harmony blockchain is designed to make use of RaptorQ fountain code which allows Harmony blockchain to quickly propagate blocks either across network or within shard with the use of Adaptive information Dispersal Algorithm. This is not applicable in other existing shard based blockchains.
Nevertheless, I can go on and on, to name the great, unique and outstanding features of Harmony and why it is the best blockchain that has been designed for the next generation crypto transactions. You can get more information on Harmony website
ROAD MAP
CONCLUSION
With this great Idea by the Harmony team of developers, I have no doubt that Harmony with its PoS Consensus Algorithm , low – latency , as well as low fee consensus and a consistent cross sharding transactions is not only going to add value to the blockchain technology , but it will attract more individuals as well as organizations into the adoption of the blockchain technology and the use of cryptocurrency. This is one project everyone should be a part of, as no blockhain has ever been this good in the history of blockchain technology.
However, Since this article cannot contain all the unique features and technology of this one of its kinds blockchain , I will urge my readers to also read Harmony website and join social media for frequent updates using the links below :
WEBSITE: https://harmony.one/
TELEGRAM: https://t.me/harmony_one
WHITEPAPER: https://harmony.one/whitepaper
ANN THREAD: https://bitcointalk.org/index.php?topic=5104998.0
TWITTER: https://twitter.com/harmonyprotocol
MEDIUM: https://medium.com/harmony-one
GITHUB: https://github.com/harmony-one
Author: Stug( Btt link: https://bitcointalk.org/index.php?action=profile;u=1947027)
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Thanks for the information, I have not heard about the project before
Thanks for the review! An interesting project, you will need to study it in more detail