Review on HarmonyCoin by Toprak Dere
About HarmonyCoin
Harmony (ONE) is the native cryptocurrency of the Harmony platform.
Since ONE coin has been in the market for a relatively long time, it gives users confidence. Harmony coin is preferred by investors, especially since it allows staking, which is a popular application recently.
Harmony Coin is the cryptocurrency of the Harmony platform that aims to offer a fast and open blockchain for decentralized applications. The protocol performed secure and random private sharding. It is reported that the Harmony Mainnet can support thousands of nodes in multiple parts and generate blocks in a matter of seconds with instant precision.
In addition, Harmony aims to create an open network of nodes operated and managed by a large community.
The staking mechanism supports authorization and reward combination.
Pros
- In Harmony's economic model, the total reward on the network is 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 model.
- Harmony segments not only network nodes but also blockchain states by linearly scaling all three aspects of machines, transactions, and storage.
Cons
- investors believe ONE coin will pay off in the long run. However, at this point, it should be noted that there are investors who are cautious about ONE coin.
