When the rise of the blockchain and its spin-off cryptocurrencies completed, everything seemed fine. Everybody thought that a new age began and blockchain-based technologic advancements would dominate the world.
Well, that is not the exact situation right now clearly. Maybe it would be but not in this situation and not with present players at least.
Why I'm thinking so? Because what blockchain offered at the beginning hasn't been met yet: Decentralization, scalability, security and velocity.
Even if it is the deity of the market, Bitcoin isn't the real candidate for these purposes. Ethereum? It is a handy craft, I give it that but, nope. We need a well designed, purpose-focused project.
Yes, I found one and will introduce it to you. I give you Harmony!
ツ As I went through the whole project website and white paper I saw that Harmony wants to be a really, genuinely unique project which can offer both decentralization and complete scalability together. This is the one deal at the beginning as all the crypto enthusiasts know but then again, they are yet to be delivered. Now, Harmony enjoys making them happen.
ツ Also, Harmony intends to integrate its fully scalable infrastructure by taking steady and firm steps. Applying its innovative PoS approach for every level of blockchain consensus mechanism, Harmony aims to create a lightning-fast process ground as promised at first.
ツ Inspired by the well-known project Zilliqa, sharding process is significantly important when we consider Harmony project solidly. Sharding is the new consensus protocol introduced by the Ethereum blockchain which aims to prevent scalability problems as the entire blockchain network grows. PoW protocols can be seen as more secure and reliable but scalability problems would hit eventually. Sharding is the solution and when it combines with Harmony's specific blockchain, we find a fast and fully scalable solution without compromising the security.
ツ Being an open infrastructure for all, Harmony is a marketplace to the entire World which provides the enormous benefits of complete decentralization and scalability.
The sharding system in Harmony blockchain is for communication via network and validation of transaction as well as for blockchain state. Because of this, Harmony is a unique and completely scalable blockchain ever.
Distributed Randomness Generation (DRG) system guarantees the unique sharding process of Harmony fully and flawlessly secure.
Harmony's PoS based sharding system is incredibly energy efficient and faster.
Team
Advisors
As I read and searched through the internet, I realized that I encountered a project which was brilliantly designed and completely focused on solutions blockchain immediately demands.
Work in tune
• Harmony offers the ultimate solution for transaction speed issues without compromising reliability.
• The unwieldiness of earlier projects is simply erased and replaced by the power of the sharding.
• A powerful infrastructure is open for all to carry the blockchains to a high new level.
• By doing all of the above energy efficiency of the PoS is at hand.
If you read till here and if you are into blockchain technology then you must be fascinated. Come on, this is exciting, right? Thanks for the great team to creating such a fine piece of work.
And thanks for reading my article.
DISCLAIMER
This article is not meant to give commercial or any other kind of advice. It is just an informative text at all.
Always DYOR
Author: basicnecromancycr
ETH Address: 0x0114731DEa1bDC4994B8Ca845B0fFCaed7d9a4d8
