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Created with Highcharts 11.4.824H7D1M1YAll

Source: CoinMarketCap

Use Cases
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High-throughput Decentralised Applications (dApps), providing the necessary speed and scalability
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decentralised exchanges (DEXes) that benefit from Harmony's high transaction speed for seamless trade execution
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Payment processing platforms capable of supporting a high volume of transactions, comparable to traditional systems like Visa
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Interactive and fair gaming applications that demand real-time consensus and low latency
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Internet of Things (IoT) transactions, thanks to Harmony's capacity to handle a large network of devices efficiently
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Token staking by validators to secure the network and earn rewards, contributing to the blockchain's Proof of Stake consensus
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Cross-border remittances and micropayments by leveraging Harmony's low transaction fees and fast finality.
Our Analysis


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About the coin
Harmony (ONE) is an innovative, sharding-based blockchain designed to address the pressing concerns of scalability and decentralisation that hamper existing blockchain systems. Launched in 2019 by Stephen Tse, Harmony features a unique, state-sharded architecture that allows it to process transactions and store data across multiple shards, massively enhancing its throughput capabilities. Harmony uses Proof of Stake (PoS) as its consensus mechanism and integrates a distributed randomness generation (DRG) process, ensuring a secure and random shard assignment. With its Fast Byzantine Fault Tolerance (FBFT) consensus algorithm, Harmony achieves finality with low latency and energy efficiency. Harmony also employs advanced networking solutions, such as Kademlia routing and RaptorQ fountain code, to optimise its state synchronisation and communication across shards, making it fully scalable without sacrificing security or decentralisation.
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1 = $0.01033055
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