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Review on Harmony by Azad Aliyev

Revainrating 3 out of 5

This is my review and it's about Bitcoin Cash

It is a blockchain platform designed to promote the creation and use of decentralized applications (DApps). The network aims to update the way decentralized applications work by focusing on allowing random state swapping that generates blocks in a few seconds. According to the project website, Harmony is expected to provide cross-chain infrastructure and contracts before the end of 2021. Harmony plans to go beyond the blockchain trilogy by putting the best research into production. The facts have shown that fragmentation can expand the blockchain without affecting security and decentralization. Harmony Coin uses a verifiable delay function (VDF) to achieve a neutral and unpredictable orbital membership.

Harmony Coin; was founded by Stephen Tse, who is also its CEO. Stephen Tse received his Ph.D. from the University of Pennsylvania, specializing in cryptographic protocols and type theory. During the completion of his PhD, Dr. Xie worked as a research intern at Microsoft. He started as a senior engineer at Google in 2006 and has worked for the company for four years. In 2011, he founded Spotsetter, a successful search engine that was later acquired by Apple. In 2014, Dr. Xie became Apple's chief engineer. Harmony was founded in 2017. Harmony founding team; It is made up of twelve people, seven of whom are former employees of Google, Apple, Microsoft and Amazon. Harmony innovates in practice and proven Byzantine Fault Tolerance (PBFT) to quickly coordinate bulk transactions. Our Fast BFT (FBFT), offering low transaction fees and 1-block time accuracy on Harmony's main network. Harmony uses BonehLynnShacham (TYD) fixed-size signatures to process consensus message blocks in one round. The 2 second block time is obtained by changing the appearance of the production against unreachable opponents or leaders. The

Harmony Coin launch date is 2020. Harmony's mainnet is focused on speed and verification of transactions, with the goal of revolutionizing block generation. The company has significantly reduced node verification time by introducing a fragmentation process. To ensure node protection and the security of the verification process, Harmony introduces a Verifiable Random Function (VRF) for unbiased and unpredictable shard membership. This means that nodes and validators are randomly assigned and reassigned. The Harmony Financing Program for the project, this is an initiative designed to support innovation and attract developers to Harmony Coin

. The country is Colombia. Harmony has designed a new Proof of Stake (PoS) mechanism for network security and economics. Efficient Proof of Stake (EPoS) reduces centralization and distributes rewards fairly to thousands of validators. The equity mechanism supports delegation and aggregation of rewards. In order to support 100% uptime but fully open options, EPoS removes double signature verifiers and penalizes nodes that cannot be used even if they are selected. The Harmony economic model limits annual issuance to 441 million coins (about 3% in the long term). This model provides a simple and predictable return for validators. All transaction costs are burned to offset the issuance, and when the network usage rate is high, it will naturally lead to zero inflation. How to get

Harmony Coin?

To obtain Harmony Coins, you need to create an account on a cryptocurrency exchange. Harmony Coin is listed on the exchanges as follows:



Huobi Global

You can use your personal information to create an account on the platform that is suitable for you listed in the table. With KYC approval, necessary investment transactions can be initiated by placing buy and sell orders on Harmony.

What infrastructure does Harmony Coin use?

Harmony Coin Infrastructure Introduces a new version of the Proof of Stake (PoS) consensus. This method, called Effective Proof of Stake (EPoS), allows hundreds of validators to place bets at the same time. This consensus method is developed based on the concept of fragmentation used in the Harmony network. Unlike the Proof of Work (PoW) consensus mechanism, EPoS aims to achieve faster transaction times and improved scalability. Although PoW requires a lot of power and computing power, the betting consensus method relies on a large number of value holders becoming validators. Harmony is also looking to increase participation incentives to attract more node operators. The Harmony Open Staking program encourages stakeholders who own the most ONE tokens to interact with the network. What are the advantages of

Harmony Coin? The

Harmony Coin Advantages are as follows: The

Harmony Coin (UNA) Currency Advantage allows you to earn more when betting. Those who keep the ONE coin in the wallet for a period of time will receive an extra coin balance, which is rewarded by the network, except for the term coin income.

ONE Coin trades on the network with a high block generation rate, providing its investors with the advantage of obtaining transaction confirmation within a few seconds.

ONE Coin can be stored in offline cryptocurrency wallets. In this case, you can be better protected from all malicious attacks on the network.

provides the advantages of cross-border transportation, low-cost payments and 24/7 transactions when transferring cryptocurrencies between wallets.

Harmony has been building a scalable blockchain for three years. Harmony's roadmap for 2021 is to "expand cross-chain finance." On the mainnet launched in 2019, the DeFi and NFT applications can now be extended on Ethereum and other chains. The downside of

ONE Coin is that it cannot provide high profit margins on short-term transactions. Based on the price bar, it will not provide the high profit margins that cryptocurrencies like BTC and ETH provide in the short term.

analysts believe it is more suitable for medium-term investment.

Virtual cryptocurrency wallets are at risk of being attacked by cryptocurrency exchanges. It is better to store the part of the balance that has nothing to do with the floating deposit offline.

Price fluctuations are the frontier of harmony. Like any cryptocurrency, it requires instant tracking in order to be traded. What is the official website address of

Harmony Coin?

Harmony is an open and fast blockchain. Its mainnet runs Ethereum applications with 2-second transaction accuracy and a 100x fee. Harmony's Security Bridge provides cross-chain asset transfer with Ethereum, Binance, and other chains. Harmony is a platform for creators to connect with the community. The network is designed to update the way

  • DeFi and NFT applications are now scaled on Ethereum and other chains
  • it cannot offer a high profit rate in short-term