The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.
Focusing on processing speed and validation, the Harmony mainnet aims to revolutionize block creation. By introducing the sharding process, the company reduced node validation times significantly. To ensure the protection of nodes and secure the validation process, Harmony introduced the Verifiable Random Function (VRF) for unbiased and unpredictable shard membership. This means that nodes and validators are assigned and re-assigned in a randomized manner. This has led to an increase in ONE price which is its native token.
Scaling Cross-Chain Ethereum Applications
Harmony is an open and fast blockchain. Their mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees.
Harmony is an open platform for assets, collectibles, identity, governance. Our secure bridges offer cross-chain asset transfers with Ethereum, Binance and 3 other chains.
Harmony’s bridges can connect any Proof-of-Work and Proof-of-Stake chains. Our FlyClient architecture is fully trustless and highly gas-efficient. Currently, our bridges for Ethereum and Binance Smart Chain secure tens of millions cross-chain assets. Developers simply change Chain ID and enjoy faster EVM executions identical at the bytecode level. They can use their familiar and standard Web3 tooling to easily migrate to Harmony. Users can continue to use MetaMask or Ledger — but now pay minimal fees. Any Ethereum wallets or portals can work on Harmony without code changes or new installs — Harmony is fully compatible for both transaction messages and execution environments.
Let us review ONE Price
ONE Price Prediction
One is currently trading above the support of $0.0769. If it can consolidate above this support, we could start seeing a move towards $0.0927, $0.1050, $0.1174, $0.1350 and $0.1575. If the resistance at $0.1575 breaks, we could start seeing a bigger move towards $0.2222 and $0.3271. Failure to hold the support at $$0.0769 could lead to a drop towards $0.0670 and $0.0522.
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