What is Harmony (ONE)?

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.
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Cryptohunt's Opinion

Our take on Harmony

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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How do you feel about Harmony?

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What makes Harmony special?
Harmony is a on 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.
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The average transaction cost on Harmony is $0.0001.

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Harmony is heavily invested in developing "zk" or zero-knowledge-based tech through its zkDAO and zkU.

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The blockchain was founded in 2018 by Stephen Tse and co-founders ‌Rongjian Lan, Nick White, and Sahil Dewan.

Harmony reviews from the cryptohunt community

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Harmony price and insights

See how much Harmony is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
No reviews yet
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
14,487
14% of them are active
# Telegram members
30,273
3% 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.
# Discord members
14,487
# Active Discord members
2,053
# Telegram members
30,273
# Active Telegram members
1,046

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