Harmony (ONE) is a blockchain-based platform that aims to achieve both scalability and decentralization without sacrificing one for the other. Harmony is developing its own approach called Fast Byzantine Fault Tolerance, which mixes Proof-of-Work with Proof-of-Stake.
Live Harmony (ONE) Price
What is Harmony?
Harmony (ONE) is a decentralized blockchain network that was introduced as part of Binance’s first exchange offering (IEO) in May 2019.
Harmony promises to deliver high throughput accompanied by low latency and fees. Combined, they are supposed to put the platform at the heart of the efforts to lay the foundation of the future decentralized trustless economies.
Its development went under the motto of “decentralization at scale” with the focus on data sharing and the creation of marketplaces of fungible tokens and non-fungible assets.
Validator nodes on Harmony do not engage in vote broadcasting with the FBFT. Simultaneously, the number of signatories is intended to lessen the communication management difficulty.
The validators are chosen according to the Proof of Stake system, which means that their election is determined by the quantity of tokens they control. The greater the number of tokens they own, the higher their chances are.
What is Harmony One coin?
The Harmony ONE coin is the power source for the Harmony blockchain. It’s used for network governance, paying the network fee, and staking on the blockchain, which is similar to what several well-known cryptocurrencies do.
How Harmony is being used
One of the coolest things being built with Harmony is Defi Kingdoms, a game that allows you to swap tokens, provide liquidity, and earn yield.
You can also stake Jewel, the games native token.
Right now, DeFi kingdoms is the number two game with highest volume of users and TVL locked in the network.
DeFi kingdoms is just one of many NFT games.
Many of these games have their own crypto gaming token along with it.
Who is behind Harmony ONE?
Stephen Tse, an ex-Googler and ex-Apple with a focus on cryptography, launched Harmony in 2018. The mainnet went live in June 2019. Harmony aims to be the most secure, decentralized, and efficient blockchain in the cryptocurrency industry.
The Harmony team numbers more than 30 individuals, with their areas of specialty ranging from engineering to academic work and entrepreneurship.. The key team members includes Stephen Tse (of Google and Microsoft Research), Nicolas Burtey, Alok Kothari, Rongjian Lan, Minh Doan, Nick White and others.
Where to buy Harmony One Coin
You can find Harmony at a few exchanges but not all are easy to access or affordable. We have found the easiest way to buy Harmony ONE coin is through crypto.com.
What is the price of Harmony ONE?
As of writing this article, price is up 2.99% in the 24 hour and is sitting at $.029.
Is Harmony ONE a good investment?
This is not investment advice and we are not financial advisors so be sure to do your own due diligence before buying any digital asset. We believe the crypto gaming industry is poised to explode in growth and there is enormous opportunity to buy Harmony ONE at what we believe is a low price compared to some of the other crypto gaming tokens that are available.
This doesn’t mean the price can’t decrease short-term, but long-term we are fans of this project as we believe many other games and d’apps will be built on the Harmony network.
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