1. What is Harmony(ONE) crypto?
Harmony (ONE) is a blockchain-based platform that aims to address the conundrum of achieving both scalability and decentralization without sacrificing either.
Harmony (ONE) was launched as part of the Binance Launchpad's initial exchange offering (IEO) in May 2019. It is aimed to be a bridge between scalability and decentralization efforts. It was built with the motto "decentralization at scale" in mind, emphasizing data sharing and the construction of fungible token and nonfungible asset marketplaces.
Furthermore, Harmony promises to give high throughput with two "lows": latency and costs. They're expected to put the platform at the center of efforts to establish the groundwork for future decentralized trustless economies when they're combined.
Harmony began as a company in 2018 before the IEO. But, who is behind Harmony (ONE)? Multiple investors, including Silicon Valley's Consensus Capital, Hong Kong's Lemniscap VC, and others, were interested in its fundraising endeavor, which raised $18 million in April 2019. Investors bought almost $2.8 billion of the company's ONE tokens, with $12.6 billion put aside for pre-mining.
Harmony gives investors access to an ecosystem that will enable the company's adoption across a variety of businesses, with a focus on data sharing, decentralized marketplaces, supply chain monitoring, ad exchanges, credit rating systems and gaming.
2. What is ONE?
The ONE token is utilized as a stake in the Harmony consensus model. Holders can earn block rewards and be rewarded for keeping the system running smoothly.
Harmony, like many other layer 2 (L2) platforms, has its community token, Harmony ONE, which stresses the protocol's objective of assisting open consensus procedures for billions of individuals throughout the world.
Continue reading: https://cointelegraph.com/explained/what-is-harmony-one-blockchain-and-why-it-is-getting-so-much-traction
Harmony (ONE) is a blockchain-based platform that aims to address the conundrum of achieving both scalability and decentralization without sacrificing either.
Harmony (ONE) was launched as part of the Binance Launchpad's initial exchange offering (IEO) in May 2019. It is aimed to be a bridge between scalability and decentralization efforts. It was built with the motto "decentralization at scale" in mind, emphasizing data sharing and the construction of fungible token and nonfungible asset marketplaces.
Furthermore, Harmony promises to give high throughput with two "lows": latency and costs. They're expected to put the platform at the center of efforts to establish the groundwork for future decentralized trustless economies when they're combined.
Harmony began as a company in 2018 before the IEO. But, who is behind Harmony (ONE)? Multiple investors, including Silicon Valley's Consensus Capital, Hong Kong's Lemniscap VC, and others, were interested in its fundraising endeavor, which raised $18 million in April 2019. Investors bought almost $2.8 billion of the company's ONE tokens, with $12.6 billion put aside for pre-mining.
Harmony gives investors access to an ecosystem that will enable the company's adoption across a variety of businesses, with a focus on data sharing, decentralized marketplaces, supply chain monitoring, ad exchanges, credit rating systems and gaming.
2. What is ONE?
The ONE token is utilized as a stake in the Harmony consensus model. Holders can earn block rewards and be rewarded for keeping the system running smoothly.
Harmony, like many other layer 2 (L2) platforms, has its community token, Harmony ONE, which stresses the protocol's objective of assisting open consensus procedures for billions of individuals throughout the world.
Continue reading: https://cointelegraph.com/explained/what-is-harmony-one-blockchain-and-why-it-is-getting-so-much-traction
