WHAT IS HARMONY (ONE)?

🔥Harmony is a first-level blockchain that uses sharding and Effective Proof of Stake to ensure scalability, security, and decentralization.

🚀A team of like-minded people started developing a high-speed blockchain in 2017. After 2 years, the main network was launched.

BLOCKCHAIN ​​HARMONY

🚫Like most next-generation networks, Harmony Blockchain aims to solve the blockchain trilemma where a blockchain cannot be decentralized, scalable, and secure at the same time.

✅To fix this, Harmony uses sharding and the Effective Proof of Stake consensus mechanism.

HOW EFFECTIVE PROOF OF STAKE WORKS?

🥷Validators add ONE to the staking to run the node and possibly process transactions during the election process. Delegates transfer their ONE to selected validators in exchange for a percentage of future rewards.

🤑After the validators are elected by the shard, they create blocks and share the rewards with the delegates.