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Harmony: Changing the crypto game one DApp at a time

It comes as no surprise that the crypto industry continues to look for new ways to make the trading experience better for its investors. A digital currency and blockchain platform named Harmony is one of the newest additions that offer a lot of potential. 

Among thousands of different cryptocurrencies in the industry, Harmony or ONE cryptocurrency is one that seeks to solve problems in its blockchain and assist in developing or improving decentralized applications (DApps).

If you are just as interested in Harmony cryptocurrency as we are, read on to the next sections and see just how much of a game-changer this digital currency is. 

An overview of Harmony’s journey in the crypto world

Stephen Tse is the brains behind Harmony and was the one who founded the company back in 2017. After finishing his doctoral degree in security protocols and compiler verification at the University of Pennsylvania, he focused on type theory and cryptographic work. 

It became the perfect stepping stone that enabled him to work in companies like Microsoft and Google alongside founding members from other notable companies such as Amazon and Apple. Afterwards, he created Harmony whose initial team was made up of only 12 people from different backgrounds.

Defining Harmony cryptocurrency

Aside from being a digital currency, Harmony is also a blockchain network that allows investors to experience crypto trading to the fullest with fast transactions and lower fees.

Its goal is to remove inconsistencies in the crypto trading experience and it achieves it by coming up with scalability solutions and further indenting the mark of decentralization with new features such as sharding and staking. 

ONE or Harmony cryptocurrency also specializes in sharding, resharding or staking to make transactions more efficient. Along with other special features, there is no denying that Harmony is one of the game-changers in the market. You can learn more about these features in the coming sections! 

Harmony currently has a price of $0.18 with a circulating supply of 11,456,029,003 coins. It ranks 65th on CoinMarketCap’s list of largest cryptocurrencies per market capitalisation and has a capped supply of 12.6 billion tokens. 

Harmony: Specializing in staking and sharding

With thousands of different cryptocurrencies in the market, investors are looking for that special digital currency or platform to improve their trading process. Luckily, you can have Harmony or ONE cryptocurrency on your side. 

One of the main selling points and unique features offered by Harmony is sharding. This is the practice of sharding or breaking systems apart to ensure faster transactions. Instead of having a smaller network with central branches, these are broken apart to improve the scalability of transactions. 

Another special feature launched by Harmony back in May of 2020 is staking. It was a launch for the books since Harmony became the first cryptocurrency and sharded blockchain to offer staking. 

Staking allows users to have more options with what to do with their coins and put them on hold so they can gain interest and get special rewards in the future. Other special features of Harmony or ONE cryptocurrency include a Verifiable Random function (VRF) and a grants program specifically designed to support Harmony-based developers and investors.

Why should you invest in Harmony cryptocurrency? 

With Harmony’s stellar features such as an efficient proof-of-stake mechanism, cheap blockchain transaction fees and NFT accessibility, you can expect a seamless trading experience. See some of the reasons why you should invest in it today: 

Supports Proof-of-Stake mechanism

For tokens such as Harmony or ONE to be mined successfully, miners or validators must go through a certain type of consensus mechanism. The Harmony network specifically makes use of the Proof-of-Stake mechanism which validates crypto transactions based on the number of coins that the miner currently has.

Aside from that, the PoS mechanism is also environmentally friendly. It does not consume as much energy as its Proof-of-Work counterpart and invites more traders who are concerned about their carbon footprint. 

Fast and cheap transactions

When transactions fall short or take forever to process, it can prove difficult for investors to freely go about their trading patterns. You won’t have to worry about this problem when you use the ONE token or applications on the Harmony blockchain because transactions are done quickly! 

On the other hand, users can also enjoy cheaper transactions with Harmony. Compared to other blockchains in the market, it offers some of the lowest fees in terms of taxes and transactions. For example, prices can go as low as $0.000001 and can even boast transaction completion in a mere 2 seconds. 

Get in on the NFT trends

For those who wish to get on the NFT trend nowadays, you can do so thanks to the Harmony blockchain. One of the biggest setbacks in the world of NFTs is slow developments and higher transaction fees. To combat this, a marketplace called LMA on the Harmony network was created to cater to NFTs. 

Access to supported DApps

Harmony or ONE cryptocurrency boasts a blockchain platform where developers can create decentralized applications. When users of Harmony or ONE cryptocurrency make transactions on these apps, they can experience all of the benefits offered by the blockchain platform and apply them to their own trading patterns. 

Lower fees, faster transactions and an overall efficient experience should be available to all users. As long as the applications are supported on the Harmony blockchain, users can see for themselves just how special and efficient this token and platform is. 

Access to many partnerships and connections 

The more reputable the platform and the digital currency, the better its chances are of succeeding in the market. In Harmony’s case, you can be confident of its reputation since it has partnered with notable companies such as the Blockchain Education Network or BEN. 

Their partnership aims to provide more knowledge about Harmony’s offerings and work to support blockchain development. Another company Harmony recently partnered with is Travala.com, a travel corporation based in Australia that now supports ONE as a mode of payment. 

Add Harmony cryptocurrency to your trading page today! 

Now that you know all about Harmony and what it offers, it’s time to experience it for yourself. Take that first step into a new investment when you buy the ONE token on platforms like Huobi Global, Binance, Mandala Exchange, Bybit and many more. 

Not only will you be able to access Harmony cryptocurrency and add it to your roster of digital assets, but you can also experience all of the benefits offered by the Harmony blockchain. Improve your crypto experience and build your trading portfolio with this platform today! 

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