It is the safest, most efficient and scalable blockchain, focused on improved fragmentation technology.
Harmony focuses on solving existing blockchain problems and generates positive results in the following aspects:
- Fully Scalable: Fragments of the blockchain state, network communication and transaction validation make Harmony a fully scalable blockchain.
- Sharding Safe: it is demonstrably safe thanks to the random process verifiable and scalable.
- Fast and efficient consensus: harmony focuses on the point of sale reaching a scalable linear algorithm, thus being 100 times faster.
- Adaptable PoS with threshold: the threshold required for games is beneficially low for gamblers, allowing them to participate in the network and earn rewards.
- Scalable network infrastructure: through the adaptive Harmony information dispersion algorithm you can multiply blocks quickly.
- Consistent cross-fragment transactions: Harmony through an atomic blocking mechanism can ensure consistency of cross-fragment transactions. In addition decentralized high volume exchanges will be enabled.
Harmony makes its best effort to increase reliability in millions of people, creating a fair economy.
Consensus mechanism.
Determine the level of security to advance to the next block. The protocol that drives Bitcoin is the labor test consensus (PoW) which consists of a competition between miners to find the solution to a cryptographic puzzle.
Another type of consensus protocol is the PBFT (Practical Byzantine Fault Tolerance) in which a node is chosen as the leader, while the rest of the nodes are validators.
Harmony consensus validators are chosen based on the participation test.
Sharding
Harmony has created a fragmentation scheme through which computational responsibilities are divided into smaller fragments which perform their tasks individually, thus making it easier to process.
Harmony Fragment
Harmony has created its own fragmentation scheme, secure and linear scaling.
Harmony has a beacon chain and fragment chain.
The beacon chain is an identity record that comes from a random generator. The beacon chain helps strengthen the security and consistency of the states of the fragment chains.
Fragments store separate blockchain states and process transactions. Each fragment chain contains its own statement, and all tokens are distributed among all fragments.
Random Fragmentation
This process consists of agreeing a random number to determine the fragmentation responsibilities of each node. Harmony focuses on calculating, sharing, testing and securing information related to the randomness of the numbers generated for node assignments.
The random number must comply with the following:
- No one should be able to predict it.
- Its validity must be verifiable.
- The generation algorithm must scale to a large number of participants.
The process of consensus and fragmentation in Harmony is directed by epochs, each epoch is a predetermined period of time. A random number is generated at the beginning of each era, and the fragmentation structure will be determined based on that randomness.
Harmony focuses on combating corruption in this environment, through the adoption of the reclosing mechanism, based on the cuckoo rule. After the end of an era, the validators who withdrew their participation will be evicted from the network, while those who keep their bets stay. The new validators who bet during this time, may obtain new voting shares.
Harmony emphasizes improving network utilization, as well as improving real-world networking scenarios.
Incentive Model
Consensus rewards:
After the successful commitment of a block will reward all the validators who signed the blockCuttings of stakes:
If it is found that the validators sign a dishonest block, a certain amount of wagered tokens will be trimmed. This punishment will be carried out to achieve greater security in the network. The validator who managed to verify the bad behavior of another validator will be rewarded.
- A successful project depends on your team and Harmony is made up of experts in engineering and business, all motivated to achieve a better world.
Some of the applications favored by Harmony are:
Cryptokitties: it is a project that was harmed by the obstruction of the Ethereum network due to the large number of users. But now to partner with Harmony to develop a new ecosystem for cryptocolectables.
DeFi: (Decentralized Finance) is an industry that consists mostly of making cryptocurrency loans, which due to its high demand affects the transaction speed of the network. But Harmony can help solve these deficiencies by meeting the needs of the DeFi industry, efficiently and safely.
PANGEA "EXPERIMENTAL AREA"
It is an area created exclusively to experiment. With this thousands of people can interact with the Harmony network.
Pangea will have an exclusive currency to play and post.
This experiment is a pioneer in showing a great possibility of participation in the Harmony network, totally live.
In the first 24 hours of this experiment a great excellent result was obtained.
1- 138 Nodes in operation
2- 1283 Subscribers
3- 77 countries
Objectives of Pangea:
Test Harmony's milestones and updates, such as the rethinking of smart contracts and reorganization, in a network of all external nodes.
Configure and address a large number of nodes to jump to the main network.
Identify and reward users who help secure the Harmony network and who are willing to assume leadership roles.