Harmony is a layer 1, EVM-compatible blockchain that uses the Fast Byzantine Fault Tolerance (FBFT) consensus mechanism. Harmony is also a proof of stake chain through its proprietary “Effective Proof of Stake” model designed to prevent the common problem of large validators having too much control of a blockchain. Rather than sticking with one “monolithic” chain, Harmony uses multiple “shard” chains that are kept secure by randomly assigned validators. The $ONE token is Harmony’s native asset and is used for transaction fees and staking.
Harmony has a robust list of positives and a solid list of negatives. On the “pro” side of things, we appreciate Harmony’s tangible action toward preventing validator centralization and wish more blockchains would follow their lead. Harmony has also leaned heavily into a culture of empowering individual prosperity through its platform, something that we are massive fans of. That said, the Horizon bridge exploit in June 2022 seemed to have a greater impact on its community than expected. Harmony’s action toward helping those affected was certainly admirable, but the bridge attack seemed to demoralize so many in the ecosystem that usage is a fraction of what it used to be. We’re rooting for Harmony and we hope it can lean into its cultural and technological strengths to rise from the ashes.
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Harmony is aon its own,uses to validate transactions,and is.Harmony also supports.
Interesting facts about Harmony
Here are some facts you may not already know about Harmony. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
The average transaction cost on Harmony is $0.0001.
Harmony is heavily invested in developing "zk" or zero-knowledge-based tech through its zkDAO and zkU.
The blockchain was founded in 2018 by Stephen Tse and co-founders Rongjian Lan, Nick White, and Sahil Dewan.
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Harmony price and insights
See how much Harmony is worth and learn from other insightful metrics
-0% past 1 week
No reviews yet
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members -
# Telegram members 26,213 4% of them are active
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Harmony, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.