Overview about the coin:
What is Harmony (ONE) Crypto?
Harmony is a high-speed, open-source, public blockchain with EVM compatibility and smart contract functionality that can offer a more efficient platform to operate Ethereum decentralized applications (dApps).
The open and fast blockchain Harmony boasts a transaction finality time of just over two seconds and transaction fees 100 times lower than Ethereum.
As of July 2022, the Harmony ecosystem enjoys a total value locked (TVL) of over $1 billion across decentralized finance (DeFi), NFT, Web3, and gaming categories. The blockchain's developers are focusing on improving its capabilities to support more Web3 dApps, adding features such as Zero Knowledge proofs to production, and decentralizing governance through funding and supporting decentralized autonomous organizations (DAOs).
ONE is the native token of Harmony, used for paying transaction fees, gas fees, and storage fees within the blockchain network. In addition, users can stake ONE on the Harmony network to become nodes and participate in the consensus mechanism by validating transactions. Validators also enjoy governance responsibilities by staking ONE within the network.
Analysis:
With a market cap of only $145M, I see a great opportunity for a further pump once any positive news is released like partnerships or fur to we collaborations to decentralize international transactions.
Let’s waits and see!!
This is not a financial advice.
What is Harmony (ONE) Crypto?
Harmony is a high-speed, open-source, public blockchain with EVM compatibility and smart contract functionality that can offer a more efficient platform to operate Ethereum decentralized applications (dApps).
The open and fast blockchain Harmony boasts a transaction finality time of just over two seconds and transaction fees 100 times lower than Ethereum.
As of July 2022, the Harmony ecosystem enjoys a total value locked (TVL) of over $1 billion across decentralized finance (DeFi), NFT, Web3, and gaming categories. The blockchain's developers are focusing on improving its capabilities to support more Web3 dApps, adding features such as Zero Knowledge proofs to production, and decentralizing governance through funding and supporting decentralized autonomous organizations (DAOs).
ONE is the native token of Harmony, used for paying transaction fees, gas fees, and storage fees within the blockchain network. In addition, users can stake ONE on the Harmony network to become nodes and participate in the consensus mechanism by validating transactions. Validators also enjoy governance responsibilities by staking ONE within the network.
Analysis:
With a market cap of only $145M, I see a great opportunity for a further pump once any positive news is released like partnerships or fur to we collaborations to decentralize international transactions.
Let’s waits and see!!
This is not a financial advice.