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Harmony ONE |
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$0.0136608 |
-1.57% (24h) |
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Marketcap |
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$198,968,355 |
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Volume 24h |
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$7,149,792 |
Description
Harmony is a fast and secure blockchain platform designed to enable the development and execution of decentralized applications (dApps) with high throughput and low latency.
The platform uses a consensus mechanism called Effective Proof-of-Stake (EPoS), which enhances scalability by dividing the network into smaller, more manageable shards.
This allows Harmony to process transactions in parallel, greatly improving the network’s speed and efficiency.
Harmony’s goal is to enable cross-chain interoperability, allowing different blockchain networks to communicate and share data seamlessly.
It also focuses on decentralization, aiming to reduce the reliance on centralized authorities and create a truly global, open-source ecosystem for decentralized applications.
Harmony’s focus on scalability, low fees, and seamless cross-chain communication positions it as a competitive platform in the blockchain space.