Harmony
Current price
$0.001514
−11.36%24h
LiveUpdated 19s ago
TodayHarmony drops 11.4%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−1.30%
- 24 hours−11.36%
- 7 days−28.11%
- 30 days+133.07%
- 1 year−78.28%
Harmony's move in context
Lagging the market today
−11.36% today against −3.24% for the market as a whole, a gap of 8.1 points. A gap this wide suggests something specific to Harmony may be moving it, not just the market mood.
Trend has turned
−28.1% over 7 days and +133.1% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Harmony
Overview
Harmony is a fast and secure blockchain platform designed to support decentralized applications (dApps) and provide scalability without compromising decentralization. Its core mission is to create an open and borderless ecosystem that empowers individuals, fostering a world of decentralized finance (DeFi) and seamless digital interactions. Harmony’s distinguishing features include a focus on interoperability, allowing different blockchain networks to communicate and operate together, and its innovative approach to addressing the scalability issues faced by other blockchains through sharding technology. This enables Harmony to process thousands of transactions per second while maintaining low fees and fast finality.
Technical Features
Harmony employs a unique consensus mechanism called Effective Proof-of-Stake (EPoS) which enhances security and decentralization. EPoS encourages a diverse validator set, limiting the concentration of power and making the network more resilient to attacks. The network architecture is structured around sharding, where the blockchain is divided into several smaller chains, or shards, each capable of processing transactions independently. This parallel processing capability significantly increases throughput and efficiency. Harmony uses a secure random state sharding algorithm which ensures better distribution of nodes across shards, further enhancing security and performance. Additionally, the platform supports Ethereum-compatible smart contracts, facilitating the transition for developers seeking to deploy their applications on Harmony.
Use Cases
Harmony is well-equipped to handle a variety of use cases, including but not limited to decentralized finance (DeFi), where its low transaction costs and high throughput make it suitable for building decentralized exchanges and lending platforms. Governance is also a key area, where token holders can participate in decision-making processes regarding network upgrades and development priorities. Furthermore, Harmony supports non-fungible tokens (NFTs), allowing artists and creators to mint, buy, and sell digital assets on its platform, enriching the virtual economy. The network also facilitates cross-border payments, thanks to its low latency and minimal fees, enabling users to transact globally without the barriers typically encountered in traditional finance.
Development Background
Harmony was founded in 2017 by a team of experienced blockchain engineers and entrepreneurs with the vision of solving the scalability and interoperability challenges of existing blockchain solutions. The project gained significant support through its ICO in 2019, raising $18 million. Notable contributors include CEO Stephen Tse, who has a strong background in computer science and a history of working with leading tech firms. Since its inception, Harmony has witnessed continuous growth and development, with the launch of its mainnet in June 2020 marking a significant milestone in its roadmap.
Community and Ecosystem
The Harmony community is vibrant, with developers, enthusiasts, and contributors collaborating to expand the ecosystem. The network has established numerous partnerships with various projects and platforms to deepen its impact in the blockchain space. Developers are encouraged to build applications using Harmony’s blockchain thru hackathons and grants, fostering innovation and creativity. Projects leveraging Harmony include Decentralized Autonomous Organizations (DAOs), NFT marketplaces, and various DeFi applications, collectively enhancing the functionality and reach of the Harmony network.
Future Potential
Looking to the future, Harmony's potential lies in its robust technology, diverse use cases, and a growing ecosystem that aims to push the boundaries of blockchain utility. The roadmap includes upcoming features such as enhanced interoperability protocols, further decentralization initiatives, and improvements to its consensus mechanism. As Harmony continues to evolve, it is well-poised to expand its footprint in sectors such as finance, gaming, and digital identity, potentially revolutionizing how transactions and interactions occur in the decentralized world.
Harmony market
- Position by market cap among the coins we track.
- #306
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $23M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.001496High $0.001708
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.3790
- Now 0% of itReached 26 Oct 2021 · Needs +24,934% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 15.19B ONE
- 707% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 2.15B ONE
- The most coins that can ever exist. Some coins have no limit.
Harmony converter
1 Harmony = $0.001514
