Harmony for One and All

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INTRODUCTION

Blockchain entered our lives 10 years ago by an article allegedly written by Satoshi Nakamoto. Although this article was seen as an ordinary 10-page article, it was not initially perceived as an innovation that would allow us to reinvent the world. This article had such a detailed and simple explanation that it did not take much time to learn and internalize by the world. Although blockchain technology has entered our lives with Bitcoin, Bitcoin is not enough for some and even for me. One of the biggest reasons for this is the scalability problem, the slowdown of the block's approval process, inconsistency and high commissions. This is why We started to see thousands of different altcoin appeared after Bitcoin. A lot of cryptocurrencies is used from these coins, far superior to Bitcoin. Although it has new technology, blockchain technology still needs to be renewed and improved.

Problems

Although Bitcoin has a much higher exchange rate than paper money, there are still shortcomings. In addition to Bitcoin, many of the major major coins, such as Ethereum, Ripple, Stellar, are still having major problems. At the beginning of these problems are usually speeding. The process of transferring existing coins from one wallet to another is still not fast enough. It is a difficult process to confirm the blocks and mining the blocks as it is known. For this reason, many companies are trying to establish strong technologies to ensure the approval process of blocks. But blockchain technology needs more than that. In addition, the commission fees paid during the exchange of crypto funds are still not sufficiently low. These commission fees must be reduced to a minimum as soon as possible and even completely disappeared. In addition to this, we see that many do not have their own Mainnet. Many coins are still using old, slow, and unresolved blockchain networks. The most important of these, Ethereum substructure used by about 200 coins. But the lack of any project's own mainnet makes it much less reliable and useless.

Although blockchain technology has a completely decentralized network philosophy, most projects have difficulty maintaining this philosophy. Today we are witnessing frequent attacks on centralized networks or exchanges. As a result of these attacks, many cryptocurrencies are being stolen and has usurped. Because centralized networks store all users in a single repository, they can become an open target and challenge their users and technology. In addition, the CPU and energy used by existing networks are quite large. Since the approval of blocks and the processor of the network consumes too much energy, the presence of technology can become questionable. Blockchain technology should take on a structure that produces much less energy and protects the environment.

Harmony is BUIDLing it — the solution that is!

There are 2 main components that make Harmony the perfect vehicle for providing Universal Basic Income through Data.

Deep Sharding — Harmony’s unique way of sharding all the way down to the blockchain networking layer (Exponentially faster than the traditional way of reaching consensus on a blockchain)
Zero Knowledge Proof — allows people to validate whether something is true without revealing the full data.

Harmony Project and Technology

The Harmony project is an advanced technology product that has its own Mainnet, which gives importance to scalability and wants to build a Network 10 times faster than existing systems. The project wants to minimize the processing time per second and wants to increase blockchain technology to the maximum level it can have. The presence of decentralized projects is an important element that is the basis of blockchain technology. The Harmony Project differentiates from other projects using decentralized infrastructure and manages to go one step further from them. The protocol layer adopts a share-based consensus protocol that scales as the number of nodes on the network increases. Each piece contains hundreds of nodes and uses a fast BFT algorithm to reach consensus within seconds. The network layer relies on the QUIC protocol to transmit messages as fast as possible. At the system level, Unikernel works to scale the operating system's performance on a single node.

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Features of Technology

Fully scalable: Harmony shares not only network communication and transaction verification, such as Zilliqa, but also blockchain status. This makes Harmony a completely scalable blockchain.

Deployment to a secure range of machines: Harmony's deployment process can be proven through an unpredictable, unattainable, verifiable distributed random generation (DRG) process. In order to find a solution to security problems quickly, it can quickly redistribute in many areas, including the Byzantine protocol.

Quick consensus: Unlike blocks based on other parts that require POW to select validators, Harmony is based on POS and therefore energy-efficient. The consensus is achieved by a linear scalable BFT algorithm that is 100 times faster than PBFT.

Adaptive thresholds PoS: The threshold for bets that are required for a node to join the network is adjusted by the total bet amount so that malicious betters can't collect their power in a single piece. Moreover, because the threshold is low enough, small stators can still join the network and win prizes.

Scalable network infrastructure: With RaptorQ source code, Harmony can spread blocks quickly or over the network using Adaptive Information Distribution algorithm.

Data market for scientists and programmers: thanks to Harmony technology, game developers, non-centralized stock markets, and artificial intelligence designers are on the site of common market space.

Blockchain technology is still crawling like a child. Have a long way to go cheap. But there are some projects that can shorten the long way. Harmony Project has a special place that is different from any other project with its innovative, fully scalable decentralized infrastructure. The project has a highly skilled and experienced team. This software team is aware of all the problems and comes with strong steps to move the blockchain technology to where it deserves it.

MEET THE TEAM