The basic idea of Harmony is that there is no single platform that has ever achieved a satisfying balance between decentralization and scalability. The project started in 2018 raising USD 18 million prior to the launch of the ONE token as part of an IDO in May 2019. Giving access to an ecosystem that includes but is not limited to decentralized marketplaces, ad exchanges, supply chain tracking, and more.

The promise of Harmony’s technology is simple: delivering a high throughput with low latency and low fees. This is where Harmony steps in by building a bridge between different blockchain protocols and adding scalability. But Ethereum is decentralized and secure, therefore it doesn’t scale very well. While most people would prefer to have a blockchain that has all three features, it is only possible to have two of them sacrificing a third.īlockchains like Ethereum gave birth to decentralized finance and other innovations. There are three basic features which are security, scalability, and decentralization. The need to create that bridge is rooted in the blockchain trilemma. Harmony is a decentralized blockchain platform that is designed to build a bridge between decentralization and scalability.

Harmony one