Harmony is a public blockchain platform whose goal is “decentralization at scale,” which seems to be taking aim at the common problems faced by other blockchains and cryptocurrencies. It relies on deep sharding, which allows the system to be extremely efficient that it can run in epochs, each one equivalent to over 16,000 blocks, as well as on what it considers a better proof of stake protocol known as fast Byzantine fault tolerance (FBFT) that improves communication between nodes and keeps the transaction fees low.
MoreBased on the proof-of-stake concept, members of Harmony fall into two categories called Delegators and Validators, wherein Delegators are those who want a stake but don’t want to run their validator node but instead delegate their coins called One Token to the validators, who then have voting rights. Each vote of the Validator counts towards the FBFT consensus, and these participants receive direct returns for participating.
MoreDo you want to buy Harmony (ONE) with a credit card, or another payment option? This is possible easily and quickly at a crypto exchange such as Coinmerce.
MoreYou want to buy Harmony? You can buy Harmony using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Harmony, use the search function to search for Harmony and click on the name. You can indicate for how many euros you want to buy Harmony in the right window. Below is shown how much Harmony you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Harmony when the price of Harmony reaches your entered value. You can also execute a repeating order. Do you want to buy Harmony with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Harmony.
Harmony began as a startup in 2018 with a practical goal: further improve decentralization in the industry so it’s more scalable, reliable, and applicable in the real world. It accomplishes this by improving on the existing methods like sharding and proof of stake. Today, it continues to build an ecosystem, particularly after it received $18 million in 2019 after its fundraising project. It is also composed of over 30 people with different types of expertise, such as engineering. When it comes to its assets, nearly 13 billion were available pre-mining, while investors obtained 2.8 billion of these tokens. However, Harmony plans to cap their One Tokens to 441 million a year and hopefully scale that to 3 percent more later.