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Harmony (ONE)

$0.1143 -2.11%
Rank

#95

Market Cap

$1,073,174,393.00

Volume

$129,325,460.00

24h High / 24h Low

$0.1238 / $0.1141

24h 7D 1M 1Y MAX
Mining Rate: 74.47%
Circulating Supply: 9,409,672,426.29
Total Supply: 12,636,221,766.00

What is Harmony (ONE)

Harmony defines itself as a low latency, high throughput and low fee consensus platform for decentralized applications. Harmony claims that the solutions that crypto currencies like Ethereum, EOS and IOTA propose cannot make important performance gains without sacrificing other critical aspects, such as security and decentralization. According to Harmony, the scalability solution that preserves security and decentralization is sharding, and the first public blockchain with sharding feature, Zilliqa, has some issues too.

Harmony’s white paper states that Zilliqa does not divide the storage of the blockchain data, thus, this is curtailing decentralization since machines with limited resources cannot participate in the network. Moreover, Zilliqa’s sharding process is supposedly susceptible to a single shard takeover attack due to its reliance on PoW. Harmony claims that its platform addresses all the problems of existing blockchains. The platform is running on its mainnet since June 2019, and the plarform’s utility token ONE is prospected to each an annual inflation of 3%.

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