What is Harmony?
Harmony is a Blockchain Platform.
The goal of the development team is to create a platform blockchain with fast transaction speeds of up to 10 million transactions per second and a delay of only 100 mini seconds.
Harmony aspires to bring its technology advantages into a new generation Blockchain thousands of times faster than existing Blockchain, to serve the market of 10 billion people with 100 billion future devices.
What is Harmony Token?
Harmony Token is the token in the Blockchain network of Harmony.
The current time (May 12, 2019), the development team has not officially announced the ticker nor the basic information about this token.
As expected, Harmony will conduct Mainnet in Q2 2019. At that time, Harmony Token will officially run on its platform and become a coin.
Basic information about Harmony Token
Ticker: No official information - TBA
Blockchain: No official information - TBA
Token Standard: No official information - TBA
Token type: Utility Token
Total Supply: 21,000,000,000 Harmony Token
Circulating Supply: 0 Harmony Token (token has not been officially sold, so there is no circulation yet)
What does Harmony stand out for?
Here are some of the Blockchain highlights of Harmony that you should care about:
On the Protocol layer, Harmony uses PoS-based Sharding Protocol, it can increase the number of nodes on the network.
According to development team, each sharding has hundreds of nodes, using the BFT algorithm to be able to set consensus in seconds.
On the Network layer, Harmony uses the QUIC protocol for faster communication.
In this first phase, the development team is trying to focus on building a Blockchain Harmony for both Fungible Tokens (Energy Credits, Security Offerings) and NFT Token (non-fungible Tokens - collection cards in games, real estate, ..)
What is Harmony Token used for?
Here are the uses of Harmony Token:
Harmony Token is used for stake and becomes the Blockchain Validators.
Validators will receive rewards from their contributions, Harmony Token.
Harmony Token is used to pay network fees, including transaction fees, gas fees and storage fees.
Harmony Token is used to vote for Governance. If there is no Harmony Token, the protocol will not work.
The future of Harmony Harmony Token
We can see Harmony's development team is very ambitious. When they set a goal of creating Blockchain platform with 10 million transactions a second, powerful and infrastructure serving 10 billion people, with 100 billion devices in the future.
Harmony Token's demand to buy will increase when their Blockchain network expands and attracts more and more dApps on its platform.
Should you invest in Harmony Token?
Harmony is selected to join the Binance Launchpad.
This helps investors somewhat be assured of project quality.
You can choose to participate at the IEO stage.
For those who do not want to invest in the IEO, but want to wait for the token to get listed on the exchange, you can find out more information on this token based on those summaries:
- Harmony is a Blockchain platform, with Proof of Stake consensus mechanism.
- According to the roadmap, Harmony will release Mainnet and start giving users application of Validators to become Nodes in Q2 2019.
- Harmony's goal is to become the Blockchain platform for dApps data sharing, Supply Chain, NFT Token in Game, ...
For more information about Harmony, check out the links below:
Website: https://harmony.one/
Whitepaper: https://harmony.one/whitepaper.pdf
Telegram: https://t.me/harmony_one
Twitter: https://twitter.com/harmonyprotocol
Medium: https://medium.com/harmony-one
LinkedIn: https://www.linkedin.com/company/harmony-one/
Github: https://github.com/harmony-one
Author: salink
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1322160