Review on Harmony by Robiul Islam
Open Consensus For 10 Billion People.
Harmony is still moving forward with their progress.. It is one of the more technically captivating platforms their focus on user/data privacy opens them up to huge industries that require private data to be processed in a secure way, something that just isn’t possible right now solely using something like Ethereum.
They’re clearly bringing more to the table in comparison to some others. Investors should keep up to date with developments in this area as new competitors arrive with newer innovations. Give some time to encourage them further and I'm sure that the vision with which they lead the project will create a solution that rivals some of the top DAP platforms out there today.
The concept of the product is not new, but it is highly relevant and will allow to solve a number of problems associated with the use of existing blockchain in real life.
Pros
- Fast and secure blockchain with key originality in state sharding and peer-to-peer networking.
- It is another entry into the race to provide dApps they can heighten from higher TPS and overall excellent functionality when compared to other platforms.
- The Harmonys "10X" entrance is truly aspirant for the infrastructure improvements behind blockchain, decentralized applications, etc. But it is entirely necessary if decentralized applications and solutions can have any significant impact on everyday people and businesses looking to improve their work.
- It is used to pay transaction fees (similar to Ethereum blockchain gas) and voting for on-chain governance of the protocol.
- They already has a pretty impressive list of partners that are all involved in different niches/industries. Very captivating network of both strategic and technical partners already in place.
- The team is very suitable for any project like this. With a ton of experience setting up large-scale solutions and even having their CEO set up a startup acquired by Apple in the beginning, it's pretty clear that the strength of the team here is not an issue.
Cons
- They are facing giants like Ethereum and ZIL who have been trying to improve scalability and have been for many years now.
- They’re relaying on technology such as 5G networks, that technology isn’t widely available yet.
