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What is Harmony?

Harmony (ONE) is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps), assets, collectibles, identity and governance. The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds. They state that their mainnet runs Ethereum applications with 2-second transaction finality and 1000 times lower fees. You can safely and reliably buy and sell ONE on LiteBit.

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What is Harmony (ONE) and how does it improve scalability?

Dec 30, 2021

Harmony is a decentralized blockchain platform that is designed to build a bridge between decentralization and scalability. The need to create that bridge is rooted in the blockchain trilemma. There are three basic features which are security, scalability, and decentralization. While most people would prefer to have a blockchain that has all three features, it is only possible to have two of them sacrificing a third.

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