ONE
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Harmony is an open and fast blockchain. Its mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Harmony has transcended the blockchain trilemma by bringing the best research to production. Sharding is proven to scale blockchains without compromising security and decentralization. Harmony divide not only its network nodes but also the blockchain states into shards, scaling linearly in all three aspects of machines, transactions and storage. To prevent single shard attacks, Harmony must have a sufficiently large number of nodes per shard and cryptographic randomness to re-shard regularly. Each shard has 250 nodes for strong security guarantee against Byzantine behaviors. Harmony use Verifiable Delay Function (VDF) for unbiasable and unpredictable shard membership.
Founder：Stephen Tse Linkedin: https://www.linkedin.com/in/tsestephen Founder & CTO ：Rongjian Lan Linkedin: https://www.linkedin.com/in/rongjianlan/
Hashkey, Digital Asset Capital Management, AU21 Capital, etc.
ONE token is the native token for Harmony is an open and fast blockchain. Its mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. transaction fees. ONE token is the native token that’s accepted for staking and participate in open governance.Harmony Economics Model caps the annual issuance at 441 million tokens (about 3% rate in long term). Our model gives validators a simple and predictable return. All transaction fees are burnt to offset the issuance, naturally leading to zero inflation when our network usage becomes high.
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