The blockchain when it was invented was poised to usher in the decentralized era by creating a universal community of people all over the world where monetary value can be exchanged between people without government interference and one in which the users are also incentivized for the part they play to create and power decentralized economies of the future through the blockchain.
For these decentralized economies to be successful the mere sense of decentralization is not enough and the blockchain platforms have to possess the same – if not more – practicality, usability, scalability, and security of the present centralized systems.
Bitcoin and Ethereum being the two major cryptocurrencies and blockchain are fully decentralized and very secure but at the expense of scalability as their transaction speed is very slow. Other blockchain projects have been created to counter the speed of transactions but most projects that have been able to achieve really fast transaction speed have done that either at the expense of security or true decentralization.
It is important to remember that the blockchain technology is not all about trading cryptocurrencies and fast monetary transaction confirmations are not all that is needed. Consumer projects, decentralized applications, financial services, e-commerce platforms and a lot more will be created on the blockchain in a truly decentralized economy.
There will be a need for integration with other technologies, cloud storage and computing will be required.
In order to bring to life these decentralized economies and the true form of decentralization that was had in mind when the blockchain was first invented, there is a need for a blockchain that will be fully decentralized, secure and highly scalable. To achieve this, there is a need for a blockchain which possesses a consensus protocol that has deepsharding capabilities to massively improve scalability by spreading the transaction validation and storage requirements of the network over different connected nodes without sacrificing decentralization and the security of its blockchain.
Harmony is the blockchain that provides the much needed revolutionary solution to the aforementioned problems.
Harmony is an open fully decentralized marketplace that provides high scalability and a high-throughput blockchain to power decentralized economies of the future. Harmony is expected to provide a low-latency and low-fee consensus platform which will work essentially quicker than both Bitcoin and Ethereum but will also be way less expensive, while likewise having the option to work at a scale like Google by attaining a speed of up to 10 million transactions per second.
There are a lot of reasons why I believe harmony is a good project for users to adopt. Below is an outline of some of these reasons
The native token of the Harmony platform (ONE) will be used in the open marketplace to facilitate transactions and will also be a means of rewarding those who play significant roles on the network. The ONE token will be available for public sale through an Initial Exchange Offering (IEO) on the Binance launchpad on the 27th of May, 2019.
TICKER – ONE
IEO TOKEN PRICE – 1 ONE = $ 0.003175
IEO HARD CAP - $ 5,000,000
TOTAL TOKEN SUPPLY – 12,600,000,000 ($40,005,000)
IEO SUPPLY – 1,575,000,000 ($5,000,000 or 12.5%)
I believe that Harmony is a project that offers a lot in terms of technology and utility. Harmony aims to provide a solution to an existing problem in the crypto space and it is also backed by a reputable team.
This project, in my opinion, is one of the very top crypto projects presently and considering that the project is having its IEO on the highly rated Binance Launchpad, I am absolutely bullish on its chances and it is one I will be looking forward to.
Website: https://harmony.one/
Whitepaper: https://harmony.one/whitepaper
Telegram: https://t.me/harmony_one
Medium: https://medium.com/harmony-one
Twitter: https://twitter.com/harmonyprotocol
Instagram: https://www.instagram.com/harmonyoneprotocol/
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