![]() Sharding secures tens of millions cross chain assets powered by the open protocol execution environments of Harmony mainnet. This novel staking mechanism creates consensus out of proof of stake chains. This features an open network yet high speed and securely validated blockchain maintained by sharding. Harmony premiered the world’s first mass public deployment blockchain network using an innovated proof-of-stake consensus mechanism called effective proof-of-stake (EPoS). Check out our how to buy Harmony guide to learn more. Investors also operate nodes to earn rewards and take advantage of the network’s reward compounding incentives. In addition to buying, holding, and deploying the ONE tokens for their functional utility value, some users buy and hold or trade Harmony tokens to make speculative investments on the movement of the Harmony price on liquid exchange markets. Users pay minimal fees for fast settlement and smooth transactions across a basket of digital currencies and utility tokens, and trustworthy ledger keeping on a fault-tolerant, effective PoS blockchain network. Harmony (ONE) tokens are used for fast and reliable cross-chain asset transfers between five different decentralized finance ecosystems, including Binance Smart Chain and the Ethereum decentralized computing network. ![]() Harmony serves users and participating nodes, with a decentralized, yet efficiently scalable solution so users pay minimal fees to easily migrate Ethereum, Binance, and other decentralized blockchain tokens. They found their own way to create a high-performance, decentralized, open, and fast blockchain. He put together a team of top decentralized finance (DeFi) and blockchain engineers and launched the Harmony mainnet. Tse is a serial high tech startup founder with a previous company sale to Apple, Inc. He raised $18 million in a seed round of private funding. Harmony (ONE) founder and CEO Stephen Tse founded the company in 2017. Harmony price is affected by network usage, supply/demand economics, broader cryptocurrency markets, and strategic global macro factors. This blockchain’s creators were aiming for an open network interoperability solution that would allow users and participating nodes to easily migrate assets across different blockchains. ![]() The Harmony (ONE) blockchain is secured with hundreds of validators achieving consensus using network protocols for effective proof of stake chains. The next layer of the solution is scalability. The fundamental layer of the Harmony One solution is decentralization, with cross-chain asset transfers between the Ethereum (ETH) ecosystem and Binance (BNB) Smart Chain. Launched in 2017 by high-tech entrepreneur Stephen Tse, Harmony ONE coin is a multi-layered blockchain solution emphasizing the ethos of decentralization at scale.
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