- Harmony’s platform aims at increasing processing speed.
- Built on Ethereum, it focuses on faster and cheaper settlements.
- It deploys an Effective Proof-of-Stake protocol to increase transaction speeds and reduce centralisation.
The global crypto market cap has increased 4.47% over the previous day and is trading at US$910.00 billion currently, as most of the top cryptocurrencies like Bitcoin, Ethereum, XRP, Cardano, etc., are showing price gains.
Hence, this article talks in length about this crypto, its price, availability, and other details.
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What is Harmony crypto?
It is a layer 2 protocol built on Ethereum that seeks to offer faster and cheaper settlements.
The platform is known to be scalable and secure and focuses on innovating the functioning of dApps through random state sharding, thus allowing blocks’ creation in seconds. Through this sharding process, the network’s node validation time reduces significantly.
The platform uses EPoS, i.e., the effective proof-of-stake model, which is a new version of the proof-of-stake consensus method, thereby allowing simultaneous staking from numerous validators as well as enhancing processing times and improving scalability.
It is pointed out the crypto boasts a transaction finality time of just over two seconds, and the average cost per transaction comes to $0.0001, according to its official website.
ONE token price
Harmony crypto is trading at US$0.01885, gaining 11.95% over the past 24 hours, at the time of writing. Ranked 116th among the top cryptocurrencies worldwide in terms of market cap, there are over 12 billion ONE tokens in circulation. However, the maximum supply is not known.
It must be noted that ONE is Harmony’s utility and governance token, used for the payment of various fees, including transaction, storage, and gas fees.
Additionally, the token is used for staking purposes, where coin holders earn rewards for staking their coins and also get voting rights as a part of Harmony’s governance mechanism.
Where to buy ONE token from?
The crypto can be bought from several exchanges like Binance, Bybit, Crypto.com, KuCoin, Paybis, Kraken, FTX and many more.
Many new cryptos are emerging with innovative features. However, investment in these digital assets calls for utmost caution and thorough analysis as the crypto world is risky and laced with extreme price fluctuations.
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