It has been almost ten years since bitcoin emerged, and in 2017 we have witnessed the introduction of crypto money and basic technology as a mainstream. At the same time, we have seen many new currencies emerge this year. This brought more competition and high pressure to the market as soon as possible without sacrificing the key values of the blockchain (excellent examples; Ripple, EOS, TRON).
In late 2018 and early 2019, there are many projects aimed at providing a new ecosystem that is faster and cheaper than the Ethereum for decentralized applications. Many of them are still in development, so it is difficult to compare them because there is no clear indication of actual network performance.
Harmony is a blockchain protocol or system that aims to perform the fastest and cheapest transactions among the parties involved in the ecosystem. In other words, harmony's goal is to provide a more robust blockchain ecosystem that will enable it to compete directly with the Ethereum, Zilliqa, EOS, Tron or other first-tier Block Chain project.
With its open infrastructure, it is a revolutionary high-efficiency, (low-latency) and (low-fee consensus platform) platform designed to strengthen the (power decentralized economies of the future). Harmony believes scalability requires optimization between multiple layers. The full stack approach applies 10x innovations in network, systems and (consensus algorithms). The consensus protocol uses design principles such as shielding and pipelining to (parallelize transaction processing). This ensures that the (connection latency) is handled effectively and that the throughput is scaled to the size of the network.
Features:
There are two important features that distinguish harmony from other ecosystems and form the foundation of the project;
(Deep Sharding): One of the methods of increasing the speed of the blockchain. Traditionally, the time to reach consensus aims to achieve more quickly by folding. For this reason, blockchain network layers will be sharpening the paths.
Zero Knowledge Proof: It is a new method of authentication. This allows users to do all the data without disclosing it.
Who should use harmony?
Anyone or organization that requires high efficiency, reliable verification and scalable blockchain infrastructure can use it. For example, an e-commerce platform can use this. Instead of relying on a central database to store user data, such as a transaction, they can use the infrastructure as Harmony to store user data and also use it as payment channels. Helps them save operational costs.
The game DApps you need fast connectivity and high throughput can use harmony to strengthen their ecosystems. All transactions (in-game transactions, payment, etc.) should be transparent and processed quickly. The supply chain industry can use the Harmony ecosystem as a backbone to monitor chain delivery. You don't have to spend thousands of dollars to track open delivery for corruption or delay and build your own database.
Team:
Harmony has a very talented and experienced team. This software team is aware of all the problems and comes with strong steps to move blockchain technology to the rightful place.
Roadmap:
As a result;
Harmony is a high-level block-chain infrastructure with a low-latency, low-fee consensus platform that uses deep-end to strengthen the decentralized economies of the future. Harmony still has a chance to compete with the current competitors and shows the world that a scalable blockchain can meet all the needs.
For more information about Harmony, please visit below links:
Web Site: https://harmony.one/
WhitePaper: https://harmony.one/whitepaper
Telegram: https://t.me/harmony_one
Twitter: https://twitter.com/harmonyprotocol
LinkedIn: https://www.linkedin.com/company/harmony-protocol/
Medium: https://medium.com/harmony-one
GitHub: https://github.com/harmony-one
Instagram: https://www.instagram.com/harmonyoneprotocol/
My Bitcointalk Profile (leprakon): https://bitcointalk.org/index.php?action=profile;u=1302336