The sharding process, introduced by the developers, significantly cuts down the time needed to validate a transaction. Unlike other sharding-based blockchains that use a proof-of-work ( PoW) consensus mechanism to choose validators, Harmony deploys an Effective Proof-of-Stake (EPoS) protocol, which helps to reduce centralisation and increase transaction speeds.įocusing on validation and processing speed, Harmony strives to make block creation faster to support scalability. Pangaea gathers validators from over 100 countries.
In line with thousands of Ethereum and Bitcoin nodes, 800 Harmony nodes are run by the community. This node community is referred to as Pangaea.
Harmony's mission is to create an open network of nodes, governed and operated by a large community. The production mainnet supports 4 shards of 1,000 nodes, which produce blocks in two seconds. Harmony is a layer-2 protocol built on ethereum that seeks to help dApps scale up by offering faster and cheaper settlements. Let’s consider the project’s fundamentals and latest developments to get a clearer outlook? We will also look at the latest analyst Harmony price prediction analysis to set expectations of a plausible Harmony forecast. Can the ONE token rebound? What is a realistic target price? Is Harmony ONE a good investment?
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