Introduction
With the advent of Bitcoin, many were very happy that users from all over the world without any restrictions can themselves attach value to things, eliminating intermediaries in the form of electronic payment systems and banking structures. However, the most popular and first cryptocurrency has a bandwidth problem that is only 7 transactions per second.
The second crypto-currency called Ethereum showed how it is possible to create decentralized applications on this platform, conclude agreements with the help of smart contracts, solving the issue of trust between users, but also have a small scalability of about 14 transactions per second. Such small numbers periodically lead to an increase in fees for transfers.
Now new blockchain projects continue to be created that offer an increase in the scalability of networks, but do not take into account all sides of the tasks and can lead to a decrease in security or to a decrease in decentralization, offer various algorithms for confirming operations.
Decision
Therefore, it is becoming more and more natural and necessary to create a consensus protocol that will be able to combine all the advantages of these innovative digital technologies and that everyone will eventually be able to use them in everyday life in many areas with ease.
A worthy and promising idea to address these scalability issues is proposed by a project called Harmony!
Harmony is an open consensus algorithm that is fully scalable thanks to parallelize transaction processing which significantly reduces the fee when the transaction increases the company's properties, the advantages of blockchain dozens of times.
The Protocol segments the secure areas of the circuit with distributed randomness generation (DRG) and confirms the operation to the PoS algorithm, which has a positive impact on the environment and reduces the cost of electricity.
In my opinion, Harmony will allow decentralized applications to work faster with low-fees, excluding delays, for example, which are available on the Ethereum platform. This idea will speed up the work of many businesses, people will be able to safely store their data and monetize them in the future with successful development.
Harmony is able to create such a highly scalable and secure blockchain ecosystem, which will allow to become fully decentralized and free from many intermediaries, increase the volume and liquidity on the exchanges of both digital and other assets.
Harmony can be very useful for billions of people around the world and help create a fairer economy in it, as the people themselves will be interested in supporting and developing the ecosystem, remain confidential, sell personal and other data.
The team developing this platform consists of quite experienced and successful people from companies such as Facebook, Google, Amazon, Apple, so they are familiar with all the existing problems in traditional areas and in their power to create such a multi-functional blockchain with deep sharding, which allows for many types of operations.
This project deserves attention and additional information, which can be obtained on these links below:
WEBSITE OF PROJECT https://harmony.one
TELEGRAM CHAT https://t.me/harmony_one
WHITEPAPER ON ENGLISH https://harmony.one/whitepaper.pdf
TWITTER URL https://twitter.com/harmonyprotocol
INSTAGRAM ACCOUNT https://www.instagram.com/harmonyoneprotocol/
MY BTT LOGIN: Aivaryamal
MY BTT URL
https://bitcointalk.org/index.php?action=profile;u=1184171
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