Harmony efficient blockchain based on sharding technology
What is Harmony?
Harmony, based on the blockchain technology is a blockchain solution with a wide range POS solution with the ability of linear scaling and that can enable a great number of transactions per second and also with the ability to fully extend the activities on a heavily utilised network to make it more efficient, effective and reliable for billions of users.
Harmony is already applicable to many projects from games, cryptocurrency exchanges, banking networks, airlines, artificial intelligence, real-time data processing and storage, among others.
Harmony can be considered the best sharding technology in the world today. Recently, Harmony launched its Mainnet, the first fully sharded POS blockchain infrastructure. The Mainnet is nevertheless one of the best decentralised networks as it can support over 600 nodes on a network. The fact that Harmony is one of the top 15 decentralised networks, the phase 2 Harmony Mainnet version literally aims to include 4 more shards with over 400 nodes each with now a total of over 1600 nodes which also literally adds a token swap to the native ONE token which include:
the token transfers
and the staking smart contract.
Harmony is not the result of improvisation, it is a well thought out project that can revolutionize the world. Harmony is now available to all those who wish to add and not subtract. The Harmony team wishes, from what I have read, for everyone to do tests, and then do more tests, give comments, provide suggestions.
Harmony can give humanity a true digital freedom, where corporations cannot hijack the right to interact, where intermediaries must give up their position and get involved in this blockchain revolution if they don't want to disappear.
Decentralization at scale
The goal of harmony is to offer scalability and decentralization, two points that have not been possible to achieve any platform, but harmony came to change that. While the current protocols as they add nodes decrease their speed in harmony does not happen so, our scaling is linear and also using multiple BLS signatures that accelerates the consensus process of PBFT that make us an order of magnitude more scalable.
Capture Strategy
In harmony we are in the recruitment of strategic partners worldwide so we have launched a program of fundamental nodes, to have located in different parts of the world partners to operate the nodes and thus have a network as decentralized as possible.
Trained professionals
To make everything a success we have an excellent team of professionals in engineering and marketing that allows us to grow in strengthening the network and its promotion so that Harmony is as reliable as possible and economical.
Benefits
Unlike other fragmentation-based blockchains that require PoW to select validators, Harmony relies on PoS and is therefore highly efficient. Highly scalable FBFT (Fast Bysantine Fault Tolerant) consensus using multiple BLS (Boneh-Lynn-Shacham) signatures making it 100 times faster than PBFT.
Harmony fragments everything, as many times as necessary to optimize transaction verification at a radical speed. Achieving freedom of growth for the blockchain and its users.
Thanks to the distributed random generation (DRG) process, Harmony's fragmentation is demonstrably safe, unpredictable, insensitive, verifiable and scalable.
With the RaptorQ source code, Harmony can quickly propagate blocks within fragments or across the network using the Adaptive Information Dispersion Algorithm. Thanks to Kademlia and erase coding for optimal network performance.
To prevent malicious stakers from concentrating their power on a single fragment, Harmony adapts its threshold based on the total stakeout volume.
Harmony not only focuses on the aspect of transactions made per second, but also places great importance on the number of nodes that participate in the decentralized blockchain network.
More Information and Resources
https://harmony.one/
https://harmony.one/pdf/whitepaper.pdf