HARMONY- THE NEXT GENERATION OF DEEPSHARDING-BASED BLOCKCHAIN
The blockchain technology which many despise 10 years ago is gradually gaining massive recognition such as academic institution where blockchain is been taught as a course for both undergraduate and graduate programs and even the banks not left alone in this global impact of the blockchain technology ,many bank have seek the opinion of expert in crypto industry on how to integrate the technology to the banking industry reason behind is that the blockchain technology is fast means of financial transaction for their customers . Although the rate of transaction per second for the dominant coin which bitcoin and Altcoin have been recorded slow to meet the requirement for a digital world. These challenges was the crypto industry is called scalability.
Scalability is major issues, we could recall back that crypto industry experience delay in transaction where bitcoin hit 20,000 worth of Dollar. Even the second rank in the coinmartketcap, Ethereum also have issues with scalability where many ICO founders where unable to use the Ethereum token for ICO sales effectively due to scalability.
For digital asset to meet global standard there must be a solution to scalability and on this note the HARMONY_ONE was develop to provide the needed solution the mainstream is in need of .
ABOUT THE HARMONY_ONE
Harmony .one is a robust blockchain that is built with the model world class tool as low fee consensus platform and with low latency to create a friendly decentralized economic of the future for the global community. The harmony protocol is a first of its kind in the blockchain history since it uses a deep sharding technology to revolutionize high throughput for every transaction made which make the ease of doing businesses on the crypto industry and as result of this technology there will be mass adoption of crypto asset on the mainstream .thanks to the great team that brought this innovative ideas.
After much research has be done by harmony team is now show case that the consensus protocol can effectively parallelize transaction processes which it competitor where not able to solve in time past such as ziliqa, Eos and the rest of the blockchain counterpart. Moreover unlike the Zilliqa that share network communication and verification, the harmony protocol does same thing but add a unique design by unveiling blockchain status.
The consensus algorithm that was implemented by the harmony DEV of expert helps to make the connection latency more effective this helps to growth network and makes it healthy for fast and secure transaction in the crypto space.
WHY WILL THE MAINSTREAM NEED HARMONY PROJECT?
Without doubt harmony was develop for the mainstream. Individual or cooperate organization which requires high-throughput, trustless validation and scalable blockchain infrastructure must learn to use the deep sharding technology of the harmony project. Looking at some few example an e-commerce platform can use this. Instead of relying on a centralized database to store user data such as transaction, they can use Harmony as the infrastructure to store user data and at the same time use it as their payment channel. It would help them saves their operational cost. Gaming dapps, where you need fast connectivity and high throughput can also use Harmony to empower their ecosystem. Any transactions (in-game transactions, payment, etc. should be transparent and get processed quickly. The supply chain industry can also use Harmony ecosystem as its backbone to track delivery on-chain. No need to spend thousands of dollars to build your own database to track the delivery which is prone to corruption or latency error.
ADVANTAGE OF THE HARMONY PROJECT
ABOUT THE HARMONY PUZZLE
Harmony Puzzle highlights several blockchain features. Before you play, the blockchain needs to ascertain that you have actually bet your tokens.
- The transaction needs to be legitimate — your account needs to have the balance to make the transaction. We ensure this by giving you 100 tokens initially.
- Your betting transaction needs to be accepted — it needs to be included in a block in the blockchain by a leader in a shard.
- The block carrying your transaction needs to be “finalized”.
Let’s look into what that means. In Proof-of-Work chains (like Bitcoin, Ethereum) the miners keep attaching blocks to the blockchain as soon as they can be mined.
With their large networks, competing blockchains may emerge where nodes are attaching blocks to multiple different chains.
The longest chain is supposed to have “won” and is considered the canonical “final” truth. Finality means that the well-formed blocks won’t be revoked once committed to the blockchain and so the transactions in them cannot be reversed.
HARMONY PARTNERS
HARMONY ROADMAP
EXPERIENCE TEAM OF HARMONY PROJECT
HARMONY HOSTS 2019 GOOGLE I/O AFTERPARTY
Harmony hosting google I/O party shows is project that is here to stay and create an impact for the next generation to come, kindly watch the video to get more fact
MY OPINION ON THE HARMONY PROJECT
Since most existing blockchain project such as zillliqa, EOS, etc were not able to give a definite to solution to the scalability issue, the harmony protocol which uses deep sharding technology to create a lasting solution to the transaction throughput in a decentralized economic of the future, it show that it will be a dominant key solution for the blockchain technology to be used as fast method for financial transaction globally.
#harmonyprotocol #deepsharding #blockchain #BUIDL
For more information kindly visit any of the link 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's Details:
Bitcointalk Username: artdisrupt
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2540522
ETH ADDRESS: 0xE7511262d6e3cfeE1BD0C6eB955ADa36807Dea7b