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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Harmony is on the decline this week.
The price of Harmony has fallen by 4.29% in the past 7 days. The price declined by 1.51% in the last 24 hours. In just the past hour, the price grew by 0.10%. The current price is $0.019449 per ONE. Harmony is 94.88% below the all time high of $0.38.
The current circulating supply is 12,656,168,148.001 ONE.
What Is Harmony (ONE)?
is an open-source network that aims to provide high-speed transactions at lower costs. The platform allows users to exchange digital assets, digital collectibles, secure identities, etc. The Harmony network supports cross-chain transfers for major blockchains, including and Binance. According to the , Harmony seeks to overcome the shortcomings of other currencies by providing highly scalable network infrastructure.
Apart from scalability, Harmony claims to offer secure sharding and cross-shard transactions for addressing existing problems plaguing blockchain networks. is a database division technique that helps blockchain networks to process a higher number of transactions per second (TPS). The cross-shard transactions, Harmony states, allow cross-chain databases to interact with each other to ensure consistency. The platform also claims that sharding can improve network scalability without compromising security or decentralization.
Harmony uses a proof-of-stake () consensus mechanism to verify transactions, which it claims improves energy efficiency and transaction speed. However, the platform aims to bridge the gap between PoS and proof of work () via its in-house block architecture, FlyClient. Additionally, the supports four shards of 1,000 nodes, which helps reduce block times to as low as two seconds. are small interconnected servers that exchange information within the ecosystem. Similarly, the platform aims to build an extensive node network governed by an integrated community called Pangaea. Out of the total 1,000 nodes, the platform states that about 800 are run by the Pangaea community, consisting of validators from over 100 countries.