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Harmony: Can Their “Full-Stack Approach” Work?



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๐Ÿ“ Overview ๐Ÿ“

Concord is among the newest tasks that’s attacking blockchain scaling points. They’re doing this from the bottom up with a “full stack” method.

The technical focus of the undertaking is on resharding and safe staking. There can even be a element of decentralised randomness in-built.

There are a selection of technological improvements which have been constructed into the expertise stack. These embrace the likes of redisigned consensus protocol and a brand new bespoke “Kernel” which is able to run the community.

The gas for the Concord Protocol is the ONE utility token. This was constructed on the Binance chain and is therefore a BEP-2 token normal.

The group behind the Concord protocol is sort of skilled. They’ve labored at corporations together with Google, Amazon and Apple. Additionally they accomplished a seed non-public sale in Might of 2018 that noticed them elevate a complete of $18m in alternate for 22% of the ONE token provide.

They did a further crowd sale that befell on the Binance Launchpad. This was for a further $5m by way of an Preliminary Change Providing which ran as a lottery ticket kind providing.

Buying and selling for the one token now takes place on the secondary market on exchanges corresponding to Binance’s and the Binance DEX. There are at present excessive ranges of quantity on these exchanges which suggests a good degree of liquidity.

Upon getting the tokens, these could be saved on any pockets that helps BEP-2 belongings. Your greatest wager is maybe to make use of the likes of a ledger Nano S.

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who is just not a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any specific end result.

#Crypto #HarmonyProtocol #ONE #blockchain #Overview #Token #Scaling #ethereum #cryptocurrency

Source: Coin Bureau

32 Responses

  1. Any chance we can get an update? Harmony has almost 60% of its tokens in staking, so a lot of people are starting to get in. Would love to know you think.

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