Since the appearance of the first blockchain, much has changed. If earlier the world was familiar with only one cryptocurrency called Bitcoin, now there are thousands of them. Of course, each of them is only a continuation of one big idea, but nevertheless the sphere of blockchain technology is still developing. Announcing to us all new and new solutions.
Problems
But no matter how good the primary task of the technology itself is, many already know that the speed, time and cost of transmission within the crypto-currency space are probably the most popular characteristics from which the user starts when choosing a particular blockchain. If earlier people did not have much choice and they used only the bitcoin blockchain, where over time their first shortcomings were noticed. Naturally, there were those who modified the system and created their own Ethereum blockchain, where many indicators were improved, and the issue with additional security for the client, expressed by the accompanying smart contracts, was resolved. But the blockchain technology industry did not stop there, just a few years later such blockchain systems as EOS and IOTA appeared with their obvious advantages.
But as practice shows, no matter how good they are, they still do not have the perfect combination that would allow everywhere to meet the demand of an already demanding network user. For which it is important not only the security and speed of transaction processing, but also the high throughput of the system, with its further dynamic development.
Identifying these needs, the team of specialists, today's review, came to the conclusion, why not combine all the advantages of each individual blockchain network in a single system solution?! That they in principle and have made. So, I'm glad to introduce you – HARMONY.
About the project
HARMONY is the blockchain of the new generation, the main feature of which consists in the solution of the existing problems in the systems of the blockchain, as well as a comprehensive Association of all the most powerful aspects of each individual blockchain network. If we say all the available words, the HARMONY meets all the requirements, representing a fully provable, energy-efficient and secure blockchain connection. Which combines all the best engineering research, implemented in practice.
All this is supported by the following aspects, which are inherent in HARMONY:
- and the first thing I would like to start with is its scalability. The developers have made every effort to ensure that their blockchain system meets not only all the requirements of transactional verification (like Zilliqa, but also retains the original state of the most important principle of the blockchain network;
- the second most important element of the entire blockchain network is its security, which HARMONY developers have coped with by 100 percent, providing its users with a distributed generation of random processes, the action of which is unpredictable, but verifiable and scalable. This principle will protect all the blockchain system HARMONY from all kinds of scams and hackers;
- the third aspect is consistent with energy efficient algorithms and all possible consensus supported by the POS framework. This system was not chosen by chance, as it will contribute to the linear scalability of the HARMONY blockchain;
- of course, HARMONY is inherent in other technical consensus study which you can deeper in their technical documents. Now I don't see the point in focusing too much on them. In General, the essence of the concept is clear.
Road Map
Investors
Partners
Conclusion
Moreover, the segmented HARMONY Protocol has a positive effect on the DRG distribution system and other network algorithms, reducing the cost of electricity consumption and interacting safely with the entire environment. Which naturally lead to significant reductions in all transaction fees and increasing all the benefits of blockchain technology many times over. High-quality implementation of a powerful idea can fundamentally affect the further development of the entire blockchain technology, because absolutely any company can use the new HARMONY concept. No matter whether you want to store your data or monetization their business processes. And in either case, HARMONY will cope with its task at 100%.
It is also very important to note that the creation of this project worked quite a powerful and experienced team of specialists who previously conducted large-scale projects in companies such as Apple, Google, Amazon and Facebook. That adds unnecessary confidence for those who want to get acquainted with the concept of HARMONY in more detail.
Of course, all the most important and complex technical and analytical data of the project are not affected by my mischief. Therefore I strongly recommend to pay your attention to the proposed good technical documentation, which fully reveals all this information. All links can be found below this article. And that's it for me and see you soon!
Official resources of the Harmony project:
