Harmony Coin is the native cryptocurrency of the Harmony platform, which aims to provide a fast and open blockchain for decentralized applications. According to the team, the protocol has achieved secure and random private sharding. It is reported that Harmony Mainnet can support thousands of nodes in multiple shards and produce blocks within a few seconds with instant finality.
In addition, Harmony aims to create an open node network operated and managed by a large community.
What is Harmony (ONE)?
Harmony (ONE) is the native cryptocurrency of the Harmony platform, offering a fast and secure blockchain for decentralized applications.
According to the platform, Harmony has transcended the blockchain trilemma by bringing the best research into production. It is proven that Sharding scales blockchains without compromising security and decentralization. Furthermore, Harmony shards not just the network nodes but also the blockchain states, scaling all three aspects of machines, transactions, and storage linearly.
Additionally, Harmony has designed a new Proof-of-Stake (PoS) mechanism for network security and economics. Effective Proof-of-Stake (EPoS) reduces centralization and fairly distributes rewards to thousands of validators.
On the other hand, the staking mechanism supports delegation and reward compounding. Moreover, the Harmony Economics Model limits the annual token release to 441 million tokens. This model provides validators with a simple and predictable return. All transaction fees are burned to balance the insurance, naturally leading to zero inflation as network usage increases.
In addition, Harmony aims to create an open node network operated and managed by a large community, known as Pangaea. Currently, Harmony states there are thousands of nodes in the network, with 640 managed by the community. Pangea consists of volunteers and validators from over 100 countries, many of whom have never used nodes before.
Furthermore, in Harmony’s economic model, the total reward in the network remains fixed regardless of the average block time and stake rate. The platform aims to achieve a higher stake rate and simplify the model with this approach.
ONE Coin Review
ONE coin appears to instill confidence in users, having been on the market for a relatively long time. Particularly, its allowance for staking, a popular application recently, is cited as a reason for investors’ preference for Harmony coin.
Additionally, investors believe in the long-term gains of ONE coin, although some investors approach ONE coin with caution.
According to CoinMarketCap data, at the time of preparing this article, Harmony (ONE) is trading at 0.0043 dollars. It ranks 181st in market cap with a trading volume of 35,566,632 USD and is trading at 0.00000015 BTC against BTC.
Furthermore, Harmony Coin, with a 24-hour trading volume of 3,942,627 dollars, is observed to have a circulating supply of 8,234,250,415 Harmony Coins. Also, it can be noted that the total ONE Coin supply is 12,600,000,000.
How to Buy Harmony Coin?
Harmony Coin, which had a token sale on Binance Launchpad on May 19, 2019, is now available to users on the Binance platform.
Harmony Coin can be securely and quickly purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.
