Welcome to HarmonyNews

HarmomyNews is a community-led news agency covering all the latest news for Harmony (ONE). It also serves as the best place for beginners to learn about this exciting project and its promising technology.

Welcome to the news section dedicated to Harmony (ONE), a fast and secure blockchain platform revolutionizing the world of decentralized applications (dApps) and smart contracts. Stay up to date with the latest developments, partnerships, and milestones achieved by the Harmony ecosystem.

Harmony continues to make significant strides in the blockchain industry, delivering on its promise of a scalable, secure, and interoperable platform. With its innovative solutions, growing ecosystem, and active community, Harmony is well-positioned to drive the adoption of decentralized technologies. Stay tuned for more exciting updates and developments from the Harmony team.

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Most popular FAQ about Harmony (ONE)

What is Harmony (ONE)?

Harmony is a fast and secure blockchain platform designed for creating and deploying decentralized applications (dApps) and running smart contracts. It aims to solve the scalability and interoperability issues faced by other blockchain networks.

What consensus mechanism does Harmony use?

Harmony uses a unique consensus mechanism called Effective Proof-of-Stake (EPoS). It combines Proof-of-Stake (PoS) with sharding, allowing for high transaction throughput and fast block confirmation times.

What is sharding in Harmony?

Sharding is a technique used by Harmony to partition the network into multiple shards, each capable of processing transactions in parallel. This allows Harmony to achieve high scalability and handle a large number of transactions per second.

What is the native token of Harmony?

The native token of Harmony is called ONE. It is used for staking, transaction fees, and governance purposes within the Harmony ecosystem.

How can I stake ONE tokens?

To stake ONE tokens, you need to hold a minimum amount of ONE in a compatible wallet that supports staking. You can then delegate your tokens to a validator or run your own validator node to participate in securing the network and earn staking rewards.

What wallets support Harmony (ONE)?

Several wallets support Harmony (ONE), including the official Harmony Wallet, Trust Wallet, Ledger, Guarda Wallet, and Math Wallet. These wallets allow you to store, send, receive, and stake your ONE tokens.

What is the block time in Harmony?

Harmony has a fast block time of approximately 2 seconds. This means that transactions are confirmed and added to the blockchain within a short period, providing quick finality.

How does Harmony achieve interoperability?

Harmony achieves interoperability through its cross-chain bridges. These bridges allow seamless communication and asset transfer between Harmony and other blockchain networks, such as Ethereum and Binance Smart Chain.

What are some notable dApps and projects built on Harmony?

Some notable dApps and projects built on Harmony include Sushi Swap (a decentralized exchange), Viper Swap (a decentralized exchange), Lossless (a DeFi hack mitigation tool), and Freyala (an NFT platform).

How can developers build on Harmony?

Developers can build on Harmony using familiar programming languages such as Solidity (used for Ethereum smart contracts) and Rust. Harmony provides a suite of developer tools, including a software development kit (SDK), testing frameworks, and documentation to facilitate dApp development.

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