Since 2008, with the advent of the Bitcoin market, Blockchain technology has become extremely popular around the world! But because of its rapid growth in popularity and the explosive increase in the number of users, Bitcoin has shown its limited throughput of 7 transactions per second (TPS).
After the creation and launch of the Ethereum blockchain network, where universal application of Smart contracts became possible, Ethereum also failed to significantly increase the scalability problem and did not provide high network throughput (15 TPS)
With the development and increase in the number of enthusiasts, in many new blockchain spaces they have not been able to significantly achieve increased throughput and increased productivity, without compromising other important parameters of the platform. This is probably due to the lack of experience and professionalism of the development teams. They have no idea how the global blockchain infrastructure should work.
But everything changes and progress does not stand still. And the competition market is such that only the strongest remain. And the project of the new blockchain, which has the strongest team of developers and has already gathered $18 million investments-is Harmony.
Harmony is a new blockchain infrastructure, comparable in scale with Google! Harmony-will provide a performance of 10 million TX/sec, a low transaction fee of 0.1% and a low latency of 100 milliseconds.
The goal of Harmony is to be 1000 + times faster and cheaper than Bitcoin and Ethereum.
Technologies used in Harmony:
- Own programming language of Smart-contracts Min. This programming language provides a higher degree of code reliability.
- Use of 5G mobile networks.
- Google UDP QUIC-Internet Protocol, Google development. Working faster than the TCP protocol.
- Use of effective and rapid consensus: PoS.
- The Harmony team develops a compact core designed for specific tasks, so that the use of the Protocol has increased performance and safety of the used technical facilities
- For the harmonious parallelization of transaction processing, Harmony successfully uses the principles of design (segmentation and pipelination).
Use of the Omniledger protocol. Harmony is based on Omniledger, a protocol that scales as the number of nodes in the network increases. Omniledger shows the performance of 10K TX/sec.
What can be built/run on Harmony?
Applications/products that work with a lot of information and lots of users. Demanding high throughput and maximum decentralization-trading platforms, games, decentralized cryptomarkets.
Harmony development team. The team is very professional in technical terms.
Stephen Tse - Worked as a researcher at Microsoft Research, a senior engineer at Google, the chief engineer of one of the directions in Google. He founded the Spotsetter mobile search start-up, later bought by Apple.
Alok Kothar - Worked as the Machine Learning Engineer in Apple, worked on the training of Apple Siri.
Rongjian Lan - 4 years worked as Software engineer in Google, worked on the search engine of Play Store in Google.
Nicolas Burtey – In 2012, founded the start-up on creation and sale of software for creation of video content in the sphere of virtual reality.
The Harmony network Blockchain project has very ambitious goals and has already shown good test results of the protocols. The problem of increase and scalability has long been to be solved and the project with such a strong team of developers and experience in the largest IT companies will be able to solve this problem!
✅ Official site: https://harmony.one/
✅ Whitepaper: https://harmony.one/whitepaper.pdf
✅ Bitcointalk: https://bitcointalk.org/index.php?topic=5130719.0
✅ Telegram: https://t.me/harmony_one
✅ Twitter: https://twitter.com/harmonyprotocol
✅ Medium: https://medium.com/harmony-one
✅ Instagram: https://www.instagram.com/harmonyoneprotocol/