$ONE
What Is (ONE)
Harmony (ONE) is a blockchain platform designed to facilitate the creation and use of decentralized applications (dApps). It aims to address issues related to scalability and decentralization by utilizing a sharding protocol, which divides the network into segments to process transactions and store data concurrently. This approach enhances transaction speed and reduces costs, making Harmony a viable option for developers and users seeking efficient and scalable blockchain solutions.
Key Features of Harmony (ONE):
- Sharding Technology: Harmony employs sharding to improve scalability, allowing the network to process multiple transactions simultaneously.
- Effective Proof-of-Stake (EPoS): This consensus mechanism reduces centralization and enhances security by allowing thousands of validators to participate in the network.
- Low Transaction Fees: Harmony offers minimal transaction costs, making it attractive for users and developers.
- Cross-Chain Compatibility: The platform supports interoperability with other blockchains, enabling seamless asset transfers and communication between different networks.
Market Information (as of December 22, 2024):
- Current Price: Approximately $0.025 per ONE token.
- Market Capitalization: Around $367 million.
- Circulating Supply: Approximately 14.33 billion ONE tokens.
- 24-Hour Trading Volume: Approximately $35 million.
Harmony's focus on scalability, security, and low transaction fees positions it as a competitive platform in the blockchain ecosystem, particularly for decentralized applications and finance.
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