Harmony (ONE)

Price
$0.004946 (1.93 %)
฿0.00000029 (1.11 %)
Market cap
$36 166 947
฿2 161.67
Volume (24h)
$4 663 237
฿277.45
Supply
12 636 221 766 (Max)
7 327 253 000 (Available)

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Harmony is an open-source blockchain for building decentralized applications (dApps). It uses a technique called state sharding, which separates a chain into segments that process transactions and store data in parallel, to support fast transactions. Harmony currently supports a thousand nodes across four shards, which work to produce new blocks every eight seconds with finality (no threat of a competing fork). The project has plans to add more shards and support more nodes in the future. The protocol's Effective Proof-of-Stake (EPoS) staking mechanism allows token owners to delegate their holdings to network validators but aims to reduce the centralization of delegated assets. Harmony has a native token, ONE, that owners can use to stake on the network in exchange for block rewards and pay for transactions.
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