The world is now becoming digital day by day and lots of changes is taking place as far as the digital world is concern and with that, i will be introducing to you Harmony which is comi g fresh as part of the development in the digital world.
source
What Is Harmony?
Harmony is a quick, flying and reliable blockchain that comes with lots of innovations such as state shading and also allows peer to peer transaction. Harmony tries to provide solutions to some of the problem encountered early in blockchain and after going through their whitepaper, the blockchain has provided solutions in the area of secure sharding, scalable network transaction, adaptive thresholded PoS, efficient and fast consensus to just mention few of the solutions provided.
Harmony Roadmap
Just like you know that every project always have a roadmap, that is, the path followed to the achievable objectives, harmony case is not an exception because it also has a roadmap which started back in 2018 when the team started their seed funding and also published their whitepaper, public benchmark 100k TPS on 40k nodes, Asia event and community development and open source code all taking effect in 2018 to show how efficient the team are and 2019 has witnesses lots of development with the lunching of their testnet 2.0 and the second version of their whitepaper. They also launched mainnet which support wallet and full explorer to also mention few of the team achievement.
Sharding
Harmony comes in two chain which is the beacon chain and multiple shard chains; what the beacon chain does is to register identity which occur randomly while the work of the multiple chain is to save anything related to blockchain state and all forms of transaction at the same time. Harmony sharding focuses more on industrial and academic development. The beacon chain helps stakers to deposit their token first before they can become a validators
Blockchain State Sharding
Harmony is different from other state shading that make use of the Unspent Transaction Output(UTXO) data model, it make use of the account-based data mode which encompasses all the account state and all the tokens that exist on the blockchain are distributed within the shard. The account-based data also comes in two various form which is the user account and the smart contract account. What the user account does is that it allows the users to have multiple balance at various shard while the smart contract account only restrict the user to the specific shard.
Networking
Harmony realize the problem been encountered by users as far as blockchain is concern and the team has really work hard on improving the effectiveness of network usage and has also make a lot of recommendation to improve on the real world networking.
Harmony Team
There is need to give some accolades to some people who have come together to make sure the harmony project was a successful one and these team is made of genius from business and engineering that have great passion towards building a better tomorrow
Meet The Team
- Stephen Tse
- Nicolas Burtey
- Alok Kothari
- Rongjian Lan
- Minh Doan
- Nick White
- Sahil Dewan
- Leo Chen
- Eugene Kim
- Li Jiang
- Chao Ma
- Helen Li
- Garlam Won
- Mary Dansker
Harmony Advisor
- Hakwan La
- Ka-yuet Liu
- Zi Wang
- Bruce Huang
The harmony team is made up of various professionals who has a greater experiences with top companies like Amazon, Apple, Google, and Microsoft before leaving their respective roles to come together and build something great. The blockchain also comes with a great incentive model that includes concensus reward, stake slashing and stake withdrawal.
