It’s no longer news that blockchain technology stands out as the very next global technological invention to ever grace the planet earth; it occupies such level of prestige because it has quite a number of solutions the real life challenges in contemporary society like ours. With its launch in 2009 by Satoshi Nakamoto and with bitcoin as it first currency one can say that bitcoin has gained a considerable level of traction in terms of recognition, adoption, and application worldwide. Just like any other system technology is progressive and will always continue to progress and blockchain technology the progress seem to be much more rapid as new blockchain projects are emerging due to the deficiencies and obvious lapses in the blockchain oriented bitcoin technology. Over the years we have seen other new currencies like ethereum, EOS blockchain, Iota blockchain all for further enhancement of the blockchain ecosystem.
THE CHALLENGE
They seem to be quite a number of blockchain projects all with a sole aim of ensuring an improvement in the services that blockchain renders, but most of these projects don’t have credibility in either in terms of security, transparency and decentralization and this betrays the true essence for the existence of blockchain technology. In trying to make blockchain invention operate optimally as it ought to the Harmony platform came up. Harmony platform can best be described as a low fee consensus platform poised towards creating a secure, transparent and decentralized platform. The harmony project is a unique technology advanced with its own mainnet that gives a top notch scalability status; it is a platform that will bring network with 10 times faster
Network (TPS)
PECULARITIES AND FEATURES OF THE HARMONY PROJECT
• It has a full scalability feature just like zilliqa buts can easily shards all blockchain state.
• It has the capabilities and potentials to carry out faster and much more efficient consensus protocol called FBFT (fast Byzantine fault tolerance) and thus can perform 100 times faster than even the PBFT in zilliqa.
• Has a top notch consistent as well as effective cross-shard transaction capability that makes it possible for direct communication with each other.
• Its threshold PoS is adaptive because it can be adjusted depending on the amount of staking and so with this malicious minded stackers are put off
• Its scalability networking infrastructure is strong because it has the RaptorQ fountain code and so can easily carry out quick sharding.
•A deepsharding process can occur because of its distributed randomness generation (DRG)
• Unlike other blockchain the harmony beacon chain makes processing of transaction easy and at the same time ensures the generation of random numbers as well as accepts stakes
• In ensuring a unique networking system the kademlia feature is used as it routing mechanism for all cross-shard messages carried on the harmony platform, it will allow every nodes on the network to easily manage a routing table that has in it nodes from different shards.
CONCLUSION
Harmony has indeed shown itself worthy by standing out as the best blockchain innovation with a capability to engineer decentralized economies for the world benefit, it will ensure a much more efficient, secured and fully scalable blockchain technology for users best experience. Harmony is the first of it kind it promises a consensus protocol over an open internet that is capable of carrying out over ten million transaction per second (TPS) at 0.1% charge and an all time low latency, it will operate at a much more faster and efficient than bitcoin and ethereum.
More info about Harmony:
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