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Live ONE/INR Price
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Harmony ONE is a blockchain network that bridges the gap between decentralisation and secure scalability. ONE first became part of the crypto community after its initial exchange offering (IEO) on Binance Launchpad in May 2019. With its motto, “decentralisation at scale”, ONE focuses on safe data sharing. The Harmony blockchain is also working as a platform that helps develop other fungible tokens and different NFTs.
With Harmony ONE, developers are putting their efforts into creating a solution that provides long-term scalability for emerging blockchain economies.
• Deep sharding system: Harmony ONE utilises a sharding system to provide efficient scalability to the platform.
• Cross-chain interoperability: Increases functionality in the crypto ecosystem.
• dApps creation: Provides an efficient platform for the creation of decentralised applications, furthering the case for decentralised ecosystems where users can interact in a permissionless manner.
Harmony ONE is an up-and-coming cryptocurrency for a few reasons.
Firstly, it can scale without compromising data and resources’ security and core safety. It is one of the only blockchain networks that utilises sharding, which establishes different layers of nodes and validators to verify transactions. This allows ONE to create new blocks and approve new transactions at the rate of 2,000 transactions per second.
Secondly, Harmony ONE is very energy-efficient. It has utilised the PoS consensus algorithm from the very beginning. This means that it does not force miners to use energy-guzzling mining equipment to validate transactions. Harmony ONE also stands out from other PoS blockchains because it only takes 2 seconds for its network to finalise blocks compared to several minutes on other networks.
• Harmony ONE coins can be used for high-speed transactions on the blockchain.
• ONE coin can also be used as a store of value.
• Emerging blockchain economies use the Harmony ONE network to scale efficiently without compromising security.
• Harmony ONE has reported higher transaction values than other comparable cryptocurrencies.
• The network utilises sharding to verify transactions enabling it to create more blocks in a shorter time frame.
• It addresses critical blockchain issues like low scalability and slow transaction speeds.
• Low gas fees.
• Harmony’s cross-chain protocols make it an excellent processing network for NFTs.
• Harmony has powerful competitors like Ethereum, who address the same issues at a much faster rate.
• Harmony relies on futuristic technology, which is inaccessible to a large demographic.
• You can start trading on the app with only Rs 100.
• Enables immediate cancellation and deposit to bank accounts immediately.
• Trade at null fees on this safest Bitcoin exchange.
• Intuitive and easy user interface.
• Offers easy monitoring to beginners.
Mubarak
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1. What is the Harmony (ONE) crypto used for?
Harmony ONE can be used to make high-speed, low-cost transactions at scale.
2. Is the ONE coin an ERC20?
Yes, Harmony ONE is an ERC20 token based on Ethereum.
3. Who developed the ONE token?
Stephen Tse is the founder and CEO of Harmony.
4. What is the circulating supply of Harmony (ONE) tokens?
The circulating supply of ONE tokens is approximately 10 billion at writing.
Highlight
Harmony ONE token is a fast, low-cost ERC20 token used for high-volume transactions at scale.
ONE Price Today
ONE Price
₹0.1314
Price Change 24h
0%
Price Change 7d
12.64%
Market Rank
#723
Market Cap
₹182 Cr.
Trade Vol 24h
₹45 Cr
Circulating Supply
₹1,499 Cr. ONE
Trading Activity
73% Buy27% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
