Harmony is built to scale blockchain application with low latency and high speed transaction. It uses Effective Proof-of-Stake (EPoS) mechanism which reduces centralization and distributes rewards fairly to thousands of validators. Each block time is 5 seconds.
More details about the project can be found at https://www.mycointainer.com/assets/harmony
This is a complete guide on how to delegate/stake Harmony (ONE) and automatically earn rewards.
Delegation Steps:
- If you already have Harmony wallet or using Ledger Nano. You are good to go. Or else create a Harmony chrome browser extension wallet. Steps: https://docs.harmony.one/home/wallets/chrome-extension
- Transfer ONE tokens to your private wallet address.
- To delegate / stake Click Here You will see MyCointainer profile as shown below
- Click on Delegate button, select the number of ONE tokens you wish to delegate.
- Sign a transaction with your Chrome Extension / Hardware wallet.
Happy Staking :)
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Christophe WILHELM
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Source: Staking Guide Harmony
Credits photo: https://www.mycointainer.com/
