What’s Bitcoin? How does blockchain work? How one can mine cryptocurrency? We are soft to relief you acknowledge these questions with our swiftly guides in Outlined allotment.
rn”,”seo_description”:”What’s Bitcoin? How does blockchain work? How one can mine cryptocurrency? We are soft to relief you acknowledge these questions with our swiftly guides in Outlined allotment.”},”words_count”: 1294,”description”:”Solidarity (ONE) is a brand original blockchain community that is gaining traction as more builders and crypto investors change into privy to its functions”,”author”:{“identity”: 1470,”title”:”Onkar Singh”,”url”:”onkar-singh”,”twitter”:””,”google_plus”:””,”picture”:null,”gender”:”male”,”description”:”Onkar Singh is a blockchain fanatic as he retains a tab on the recent happenings relating the crypto replace. He objectives to present quality negate material in blockchain and crypto domain. He is a financial negate material author too and has worked on loads of financial projects linked to the stock market data, elementary review, and technical diagnosis for loads of internet sites.”,”fb”:””,”email”:””,”linkedin”:””,”created_at”:”2022-01-28 14: 30: 55″,”updated_at”:”2022-01-28 14: 30: 55″,”deleted_at”:null,”avatar”:”https://cointelegraph.com/property/img/icons/author_male.jpg”,”hash”:”aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9hdXRob3JzL29ua2FyLXNpbmdo”,”relativeUrl”:”https://cointelegraph.com/authors/onkar-singh”,”user_id”: 1470,”language_id”:1,”name”:”Onkar Singh”,”desc”:”Onkar Singh is a blockchain fanatic as he retains a tab on the recent happenings relating the crypto replace. He objectives to present quality negate material in blockchain and crypto domain. He is a financial negate material author too and has worked on loads of financial projects linked to the stock market data, elementary review, and technical diagnosis for loads of internet sites.”,”seo_title”:””,”seo_description”:””,”enabled”:0,”show_in_authors”:0,”show_in_experts”:0},”category_id”: 65,”audio”:”https://s3.cointelegraph.com/audio/80721.21af91c2-cba9-4481-8d89-67752f90976c.mp3″,”tags”: [{“name”:”Blockchain”,”uri”:”/tags/blockchain”,”super”:1,”page_title”:”Blockchain News”},{“name”:”Cryptocurrencies”,”uri”:”/tags/cryptocurrencies”,”super”:0,”page_title”:”Cryptocurrencies News”},{“name”:”NFT”,”uri”:”/tags/nft”,”super”:1,”page_title”:”NFT News”}],”tag_title”:”Blockchain”,”date”:”FEB 06, 2022″,”badge”:{“title”:”Outlined”,”designate”:”default”},”qty”: 335,”stats_pixel”:”“,”stats_pixel_url”:”https://zoa.cointelegraph.com/pixel?postId=80721®ionId=1″,”shares”: 123,”infographic”:false,”sponsored”:false,”defined”:staunch,”press_release”:false,”show_referral”:false,”social_description”:”In ideally suited Solidarity! @harmonyprotocol is getting some serious consideration ensuing from its vitality effectivity, decrease gasoline prices and tall seemingly for NFTs”,”social_translators”:{“clipboard_popup_label”:”Link copied”,”socialWechatFooterError”:”WeChat error”,”socialWechatFooterText”:”WeChat share”,”socialWechatHeaderText”:”WeChat share”},”social_shares”:{“post_id”: 80721,”post_url”:”https://cointelegraph.com/defined/what-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction”,”post_titles”:{“authorized”:”What’s Solidarity (ONE) blockchain and why it’s getting so worthy traction?”,”twitter”:”What’s Solidarity (ONE) blockchain and why it’s getting so worthy traction?”},”post_text”:{“authorized”:”What’s Solidarity (ONE) blockchain and why it’s getting so worthy traction?”,”twitter”:”What’s Solidarity (ONE) blockchain and why it’s getting so worthy traction? https://cointelegraph.com/defined/what-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction by @cointelegraph”},”accounts”:{“twitter”:”@cointelegraph”}},”socials”:{“fb”:{“url”:”https://www.fb.com/sharer/sharer.php?u=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fwhat-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction”,”count”:null,”brief”:”fb”,”fa”:”fb”},”twitter”:{“url”:”https://twitter.com/intent/tweet?textual negate material=What+is+Solidarity+%28ONE%29+blockchain+and+why+it+is+getting+so+worthy+traction%3F https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fwhat-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction by @cointelegraph”,”count”:null,”brief”:”tw”,”fa”:”twitter”},”telegram”:{“url”:”https://telegram.me/share/url?url=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fwhat-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction &textual negate material=What+is+Solidarity+%28ONE%29+blockchain+and+why+it+is+getting+so+worthy+traction%3F”,”count”:null,”brief”:”tg”,”fa”:”paper-airplane”},”whatsapp”:{“url”:”https://api.whatsapp.com/send?textual negate material=What+is+Solidarity+%28ONE%29+blockchain+and+why+it+is+getting+so+worthy+traction%3F&href=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fwhat-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction”,”count”:null,”brief”:”wu”,”fa”:”whatsapp”},”gplus”:{“url”:”https://plus.google.com/share?url=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fwhat-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction”,”count”:null,”brief”:”gplus”,”fa”:”google-plus”},”reddit”:{“url”:”https://www.reddit.com/post?url=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fwhat-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction&title=What+is+Solidarity+%28ONE%29+blockchain+and+why+it+is+getting+so+worthy+traction%3F”,”count”:null,”brief”:”reddit”,”fa”:”reddit-alien”},”linkedin”:{“url”:”https://www.linkedin.com/shareArticle?mini=staunch&url=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fwhat-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction&title=What+is+Solidarity+%28ONE%29+blockchain+and+why+it+is+getting+so+worthy+traction%3F”,”count”:null,”brief”:”li”,”fa”:”linkedin”}},”hide_disclaimer”:false,”elink”:”https://cointelegraph.com”,”etitle”:”Cointelegraph”,”elogo_x2″:”https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hYjAzYTJhMmNlOWEyMWRjMWYwOTYxZDkxNzMxYzhiYS5wbmc=.png”,”elogo_x1″:”https://images.cointelegraph.com/images/260_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hYjAzYTJhMmNlOWEyMWRjMWYwOTYxZDkxNzMxYzhiYS5wbmc=.png”,”elogo_svg”:false,”negate material”: [{“id”:3170,”post_id”:80721,”title”:”What is Harmony(ONE) crypto?”,”content”:”
Harmony (ONE) is a blockchain-based platform that aims to address the conundrum of achieving both scalability and decentralization without sacrificing either.
nn
Harmony (ONE) was launched as part of the Binance Launchpad’s initial exchange offering (IEO) in May 2019. It is aimed to be a bridge between scalability and decentralization efforts. It was built with the motto “decentralization at scale” in mind, emphasizing data sharing and the construction of fungible token and nonfungible asset marketplaces.
nn
Furthermore, Harmony promises to give high throughput with two “lows”: latency and costs. They’re expected to put the platform at the center of efforts to establish the groundwork for future decentralized trustless economies when they’re combined.
nn
Harmony began as a company in 2018 before the IEO. But, who is behind Harmony (ONE)? Multiple investors, including Silicon Valley’s Consensus Capital, Hong Kong’s Lemniscap VC, and others, were interested in its fundraising endeavor, which raised $18 million in April 2019. Investors bought almost $2.8 billion of the company’s ONE tokens, with $12.6 billion put aside for pre-mining.
nn
Harmony gives investors access to an ecosystem that will enable the company’s adoption across a variety of businesses, with a focus on data sharing, decentralized marketplaces, supply chain monitoring, ad exchanges, credit rating systems and gaming.
nnn”,”created_at”:”2022-02-06 15:49:03″,”updated_at”:”2022-02-06 16:00:08″,”sort”:1,”translations”:{“id”:3163,”explained_post_id”:3170,”title_en”:”What is Harmony(ONE) crypto?”,”content_en”:”
Harmony (ONE) is a blockchain-based platform that aims to address the conundrum of achieving both scalability and decentralization without sacrificing either.
nn
Harmony (ONE) was launched as part of the Binance Launchpad’s initial exchange offering (IEO) in May 2019. It is aimed to be a bridge between scalability and decentralization efforts. It was built with the motto “decentralization at scale” in mind, emphasizing data sharing and the construction of fungible token and nonfungible asset marketplaces.
nn
Furthermore, Harmony promises to give high throughput with two “lows”: latency and costs. They’re expected to put the platform at the center of efforts to establish the groundwork for future decentralized trustless economies when they’re combined.
nn
Harmony began as a company in 2018 before the IEO. But, who is behind Harmony (ONE)? Multiple investors, including Silicon Valley’s Consensus Capital, Hong Kong’s Lemniscap VC, and others, were interested in its fundraising endeavor, which raised $18 million in April 2019. Investors bought almost $2.8 billion of the company’s ONE tokens, with $12.6 billion put aside for pre-mining.
nn
Harmony gives investors access to an ecosystem that will enable the company’s adoption across a variety of businesses, with a focus on data sharing, decentralized marketplaces, supply chain monitoring, ad exchanges, credit rating systems and gaming.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:49:03″,”updated_at”:”2022-02-06 16:00:08″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:3171,”post_id”:80721,”title”:”What is ONE?”,”content”:”
The ONE token is utilized as a stake in the Harmony consensus model. Holders can earn block rewards and be rewarded for keeping the system running smoothly.
nn
Harmony, like many other layer 2 (L2) platforms, has its community token, Harmony ONE, which stresses the protocol’s objective of assisting open consensus procedures for billions of individuals throughout the world.
nn
The Harmony ONE token is used to pay for all platform activities and amenities, including voting, transaction fees, gas fees, staking and earning rewards.
nn
The Harmony ONE token had a dynamic inflation schedule up until March 2020. Later, the rate of inflation was changed to a fixed annual rate.
nnn”,”created_at”:”2022-02-06 15:49:28″,”updated_at”:”2022-02-06 16:00:08″,”sort”:2,”translations”:{“id”:3164,”explained_post_id”:3171,”title_en”:”What is ONE?”,”content_en”:”
The ONE token is utilized as a stake in the Harmony consensus model. Holders can earn block rewards and be rewarded for keeping the system running smoothly.
nn
Harmony, like many other layer 2 (L2) platforms, has its community token, Harmony ONE, which stresses the protocol’s objective of assisting open consensus procedures for billions of individuals throughout the world.
nn
The Harmony ONE token is used to pay for all platform activities and amenities, including voting, transaction fees, gas fees, staking and earning rewards.
nn
The Harmony ONE token had a dynamic inflation schedule up until March 2020. Later, the rate of inflation was changed to a fixed annual rate.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:49:28″,”updated_at”:”2022-02-06 16:00:08″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:3172,”post_id”:80721,”title”:”How does Harmony ONE work?”,”content”:”
Through the use of random state sharding, Harmony improves scalability and speeds up transaction and block generation.
nn
Random state sharding allows the network to divide the database into smaller segments called shards to reduce latency. In addition, sharding allows for near-instantaneous transactions while avoiding network congestion.
nn
The sharding technique is based on a distributed randomness generation procedure that uses an adaptive proof-of-stake (PoS) consensus mechanism. Security, scalability and simple and easy verification are all possible with this combination.
nn
Fast Byzantine Fault Tolerance protocol (FBFT) is a variant of the BFT protocol used by the Harmony network. FBFT improves the Harmony network’s speed and efficiency by processing transactions in parallel. Simultaneously, Harmony minimizes communication costs by signing transactions using an aggregate signature, allowing 250 or more validators to reach a consensus in less than two seconds.
nnn”,”created_at”:”2022-02-06 15:49:52″,”updated_at”:”2022-02-06 16:00:08″,”sort”:3,”translations”:{“id”:3165,”explained_post_id”:3172,”title_en”:”How does Harmony ONE work?”,”content_en”:”
Through the use of random state sharding, Harmony improves scalability and speeds up transaction and block generation.
nn
Random state sharding allows the network to divide the database into smaller segments called shards to reduce latency. In addition, sharding allows for near-instantaneous transactions while avoiding network congestion.
nn
The sharding technique is based on a distributed randomness generation procedure that uses an adaptive proof-of-stake (PoS) consensus mechanism. Security, scalability and simple and easy verification are all possible with this combination.
nn
Fast Byzantine Fault Tolerance protocol (FBFT) is a variant of the BFT protocol used by the Harmony network. FBFT improves the Harmony network’s speed and efficiency by processing transactions in parallel. Simultaneously, Harmony minimizes communication costs by signing transactions using an aggregate signature, allowing 250 or more validators to reach a consensus in less than two seconds.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:49:52″,”updated_at”:”2022-02-06 16:00:08″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:3173,”post_id”:80721,”title”:”What network does Harmony ONE use?”,”content”:”
Harmony is an open and fast blockchain, featuring a mainnet that runs on an Ethereum network with 2-second transaction finality and 1000 times lower fees than Ethereum.
nn
Harmony (ONE) blockchain is an L2 blockchain platform built on the Ethereum network, making it easier for developers to create decentralized apps (DApps).
nn
Because of Ethereum’s high gas fees, more altcoins are developing scaling solutions in an attempt to dethrone Ethereum as the most popular network for developing DApps. Unlike many other platforms in this category, Harmony collaborates with Ethereum rather than competing with it.
nnn”,”created_at”:”2022-02-06 15:50:11″,”updated_at”:”2022-02-06 16:00:07″,”sort”:4,”translations”:{“id”:3166,”explained_post_id”:3173,”title_en”:”What network does Harmony ONE use?”,”content_en”:”
Harmony is an open and fast blockchain, featuring a mainnet that runs on an Ethereum network with 2-second transaction finality and 1000 times lower fees than Ethereum.
nn
Harmony (ONE) blockchain is an L2 blockchain platform built on the Ethereum network, making it easier for developers to create decentralized apps (DApps).
nn
Because of Ethereum’s high gas fees, more altcoins are developing scaling solutions in an attempt to dethrone Ethereum as the most popular network for developing DApps. Unlike many other platforms in this category, Harmony collaborates with Ethereum rather than competing with it.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:50:11″,”updated_at”:”2022-02-06 16:00:07″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:3174,”post_id”:80721,”title”:”How to buy Harmony ONE?”,”content”:”
Harmony can be purchased most easily through a cryptocurrency exchange; however, the Coinbase app and Coinbase wallet do not allow Harmony ONE coin trading.
nn
Steps to buying Harmony ONE are listed below:
nn
- nt
- Compare ONE-supporting cryptocurrency exchanges: Fees, security and payment methods vary among cryptocurrency exchanges, so you’ll need to do some research to figure out which is the best fit for you. You don’t need a wide selection of features being a beginner, and you can always change exchanges later.
- Create a trading account on a platform: Visit the website of the exchange where you want to create an account. Click on “sign up,” which will lead you to the account creation page, where you can fill out your personal information, beginning with your name, email address, and submit a proof of address, etc.
- Deposit funds into your account: To purchase Harmony, fund your account using a bank transfer, credit or debit card, or Bitcoin from a crypto wallet.
- Buy Harmony: After that, complete your Harmony purchase by entering the amount you want to purchase and clicking “buy.”
nt
nt
nt
n
nn
nn
You may also want to know how to mine harmony ONE? Surprisingly, Harmony (ONE) is not a mineable coin, which means it is not designed to replace fiat money.
nnn”,”created_at”:”2022-02-06 15:52:09″,”updated_at”:”2022-02-06 16:00:01″,”sort”:5,”translations”:{“id”:3167,”explained_post_id”:3174,”title_en”:”How to buy Harmony ONE?”,”content_en”:”
Harmony can be purchased most easily through a cryptocurrency exchange; however, the Coinbase app and Coinbase wallet do not allow Harmony ONE coin trading.
nn
Steps to buying Harmony ONE are listed below:
nn
- nt
- Compare ONE-supporting cryptocurrency exchanges: Fees, security and payment methods vary among cryptocurrency exchanges, so you’ll need to do some research to figure out which is the best fit for you. You don’t need a wide selection of features being a beginner, and you can always change exchanges later.
- Create a trading account on a platform: Visit the website of the exchange where you want to create an account. Click on “sign up,” which will lead you to the account creation page, where you can fill out your personal information, beginning with your name, email address, and submit a proof of address, etc.
- Deposit funds into your account: To purchase Harmony, fund your account using a bank transfer, credit or debit card, or Bitcoin from a crypto wallet.
- Buy Harmony: After that, complete your Harmony purchase by entering the amount you want to purchase and clicking “buy.”
nt
nt
nt
n
nn
nn
You may also want to know how to mine harmony ONE? Surprisingly, Harmony (ONE) is not a mineable coin, which means it is not designed to replace fiat money.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:52:09″,”updated_at”:”2022-02-06 16:00:01″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:3175,”post_id”:80721,”title”:”What is Harmony ONE staking and how to stake Harmony ONE?”,”content”:”
Holders of Harmony ONE can use the staking explorer to delegate their tokens to existing validators. As a delegator or a validator, you can participate in Harmony’s staking.
nn
Staking Harmony tokens to a specific network validator might be similar to a bank deposit in that you delegate (delegation means bonding with the smart contract, not real transferring in this case) your Harmony tokens to that validator to enable network decentralization, security and performance. Individuals that staked their ONE tokens are rewarded as part of this program.
nn
For delegators
nn
Delegation is the most significant way for those who want to participate in staking but don’t want to run a validator to collect block rewards. If the tokens are delegated to an elected validator, the delegator will receive a portion of the block reward obtained by the validator (according to section block reward).
nn
The delegators earned block rewards are saved in a separate reward balance that can be withdrawn directly to the delegator’s account balance. The block rewards can be staked again to get the compounding impact of staking.
nn
Your delegated tokens are also linked to lowering the validator’s risks. As a delegator, you should carefully pick validators based on past performance indicators like uptime and commission. In addition, you should split your delegations among different validators to reduce the danger of apathy or indecisiveness.
nn
For validators
nn
The Staking Explorer makes it simple to delegate, send payments, and view validator information, as shown in the image below:
nn
nn
You can browse the dashboard without using your ONE address, but your ONE address will be used for any transactions. The Harmony Chrome Extension, MathWallet Chrome Extension or Ledger Nano S can all be used to log into an account, as shown in the image below.
nn
nn
You can access network data, a list of validators, validator profiles and other information after logging in to assist you in deciding whom to delegate to, as shown in the image below.
nn
nn
A signature is required for every transaction or delegation. The Harmony Chrome Extension, which supports the Ledger Nano S, can be used.
nnn”,”created_at”:”2022-02-06 15:56:56″,”updated_at”:”2022-02-06 16:00:01″,”sort”:6,”translations”:{“id”:3168,”explained_post_id”:3175,”title_en”:”What is Harmony ONE staking and how to stake Harmony ONE?”,”content_en”:”
Holders of Harmony ONE can use the staking explorer to delegate their tokens to existing validators. As a delegator or a validator, you can participate in Harmony’s staking.
nn
Staking Harmony tokens to a specific network validator might be similar to a bank deposit in that you delegate (delegation means bonding with the smart contract, not real transferring in this case) your Harmony tokens to that validator to enable network decentralization, security and performance. Individuals that staked their ONE tokens are rewarded as part of this program.
nn
For delegators
nn
Delegation is the most significant way for those who want to participate in staking but don’t want to run a validator to collect block rewards. If the tokens are delegated to an elected validator, the delegator will receive a portion of the block reward obtained by the validator (according to section block reward).
nn
The delegators earned block rewards are saved in a separate reward balance that can be withdrawn directly to the delegator’s account balance. The block rewards can be staked again to get the compounding impact of staking.
nn
Your delegated tokens are also linked to lowering the validator’s risks. As a delegator, you should carefully pick validators based on past performance indicators like uptime and commission. In addition, you should split your delegations among different validators to reduce the danger of apathy or indecisiveness.
nn
For validators
nn
The Staking Explorer makes it simple to delegate, send payments, and view validator information, as shown in the image below:
nn
nn
You can browse the dashboard without using your ONE address, but your ONE address will be used for any transactions. The Harmony Chrome Extension, MathWallet Chrome Extension or Ledger Nano S can all be used to log into an account, as shown in the image below.
nn
nn
You can access network data, a list of validators, validator profiles and other information after logging in to assist you in deciding whom to delegate to, as shown in the image below.
nn
nn
A signature is required for every transaction or delegation. The Harmony Chrome Extension, which supports the Ledger Nano S, can be used.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:56:56″,”updated_at”:”2022-02-06 16:00:01″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:3176,”post_id”:80721,”title”:”How to choose a Harmony ONE wallet?”,”content”:”
Google Chrome plugin, hardware, software or online wallets are various mediums to store Harmony crypto.
nn
The Harmony ONE wallet is available as a Google Chrome plugin that is simple to install and much simpler to use. There are a plethora of third-party wallets for storing ONE, and the type you choose will likely be determined by how much you need to keep and what you plan to do with it.
nn
Hardware wallets, also known as cold wallets, like Ledger or Trezor, are the safest way to store and backup cryptocurrency. They do, however, necessitate more technical knowledge and are a more costly option. As a result, more experienced users may be better suited to store more significant volumes of ONE.
nn
Software wallets offer a different solution that is both free and simple to use. For example, they might be custodial or non-custodial and can be downloaded as smartphONE or desktop apps.
nn
With custodial wallets, the service provider manages and backs up your private keys on your behalf. Non-custodial wallets hold private keys on your device using security compONEnts. While they are convenient, they are less secure than hardware wallets and may be better suited to smaller groups of ONE or more inexperienced users.
nn
Online wallets are also free and simple to use and can be accessed from various devices using a web browser. On the other hand, hot wallets are regarded as risky and can be less secure than hardware or software alternatives.
nn
Because you’ll be entrusting the platform with your ONE, make sure it’s a reliable provider with a proven track record in security and custody. As a result, they’re best for people who have a modest number of cryptocurrencies or trade frequently.
nnn”,”created_at”:”2022-02-06 15:57:36″,”updated_at”:”2022-02-06 16:00:00″,”sort”:7,”translations”:{“id”:3169,”explained_post_id”:3176,”title_en”:”How to choose a Harmony ONE wallet?”,”content_en”:”
Google Chrome plugin, hardware, software or online wallets are various mediums to store Harmony crypto.
nn
The Harmony ONE wallet is available as a Google Chrome plugin that is simple to install and much simpler to use. There are a plethora of third-party wallets for storing ONE, and the type you choose will likely be determined by how much you need to keep and what you plan to do with it.
nn
Hardware wallets, also known as cold wallets, like Ledger or Trezor, are the safest way to store and backup cryptocurrency. They do, however, necessitate more technical knowledge and are a more costly option. As a result, more experienced users may be better suited to store more significant volumes of ONE.
nn
Software wallets offer a different solution that is both free and simple to use. For example, they might be custodial or non-custodial and can be downloaded as smartphONE or desktop apps.
nn
With custodial wallets, the service provider manages and backs up your private keys on your behalf. Non-custodial wallets hold private keys on your device using security compONEnts. While they are convenient, they are less secure than hardware wallets and may be better suited to smaller groups of ONE or more inexperienced users.
nn
Online wallets are also free and simple to use and can be accessed from various devices using a web browser. On the other hand, hot wallets are regarded as risky and can be less secure than hardware or software alternatives.
nn
Because you’ll be entrusting the platform with your ONE, make sure it’s a reliable provider with a proven track record in security and custody. As a result, they’re best for people who have a modest number of cryptocurrencies or trade frequently.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:57:36″,”updated_at”:”2022-02-06 16:00:00″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:3177,”post_id”:80721,”title”:”Why is Harmony ONE getting so much traction?”,”content”:”
Harmony is getting a lot of traction because it addresses core blockchain concerns, is energy-efficient, has cross-chain capabilities, offers lower gas fees and has a huge potential for nonfungible tokens (NFTs).
nn
Maintain decentralization and security
nn
Harmony thinks its network can scale while maintaining decentralization and security because it uses sharding, which divides validators into multiple groups and allows them to approve transactions and new blocks simultaneously. Harmony can now process 2,000 transactions per second (TPS), which is comparable to Visa, ONE of the world’s largest payment networks. Harmony believes it will process 10 million TPS in the long run.
nn
On the other hand, Harmony does not compromise security or decentralization even as it scales. For example, the network assigns nodes or computers that join the network and validate transactions, to distinct shards via a distributed randomness generation mechanism. Harmony also keeps the minimum number of ONE tokens required for nodes to join the network as validators and preserve decentralization at a low level.
nn
Energy-efficient
nn
Many blockchain networks are now adopting the proof-of-stake model, which Harmony has employed since its inception. As a result, nodes put up existing tokens as collateral in this procedure to have a chance to be chosen at random to validate transactions. For a block to be approved, several validators must check transactions. Harmony stands out from other networks because its architecture and proof-of-stake consensus method allow it to complete blocks in under two seconds.
nn
Cross-chain capabilities
nn
Additionally, Harmony introduced Horizon, a cross-chain interoperability bridge with Ethereum, allowing assets to be exchanged between the two networks. This innovation can revolutionize cross-border payments and make cryptocurrency exchanges more convenient. Harmony has also established connections with other blockchains, such as Binance.
nn
By allowing nodes on other blockchain networks to validate transactions, Harmony’s platform can transfer data across various blockchain networks, regardless of whether they use proof-of-stake or proof-of-work governance.
nn
Lower gas fees
nn
Harmony’s network seldom becomes clogged, thanks to its high TPS and usage of proof-of-stake validation. As a result, it does not have high gas fees, which are now a fraction of a penny per transaction on Harmony.
nn
On the other hand, a network like Ethereum sees far more overall demand and transactions than Harmony. Still, Harmony claims that it can alleviate congestion issues by simply adding additional shards, even if the network is fully utilized and witnessing exceptionally high demand.
nn
Huge potential for NFTs
nn
The network’s cross-chain capabilities open up some exciting possibilities for NFTs, which are secure digital art, video and audio assets that may be transmitted on a blockchain network. Moreover, cheaper gas expenses may make the network appealing to developers interested in minting NFTs.
nn
According to Harmony, bridging NFTs from ONE network to another may be costly at first, but subsequent transactions will be inexpensive. Harmony also announced on Twitter that it is working on NFT lending, NFT verification and fractionalization, among other features.
nnn”,”created_at”:”2022-02-06 15:58:33″,”updated_at”:”2022-02-06 16:00:00″,”sort”:8,”translations”:{“id”:3170,”explained_post_id”:3177,”title_en”:”Why is Harmony ONE getting so much traction?”,”content_en”:”
Harmony is getting a lot of traction because it addresses core blockchain concerns, is energy-efficient, has cross-chain capabilities, offers lower gas fees and has a huge potential for nonfungible tokens (NFTs).
nn
Maintain decentralization and security
nn
Harmony thinks its network can scale while maintaining decentralization and security because it uses sharding, which divides validators into multiple groups and allows them to approve transactions and new blocks simultaneously. Harmony can now process 2,000 transactions per second (TPS), which is comparable to Visa, ONE of the world’s largest payment networks. Harmony believes it will process 10 million TPS in the long run.
nn
On the other hand, Harmony does not compromise security or decentralization even as it scales. For example, the network assigns nodes or computers that join the network and validate transactions, to distinct shards via a distributed randomness generation mechanism. Harmony also keeps the minimum number of ONE tokens required for nodes to join the network as validators and preserve decentralization at a low level.
nn
Energy-efficient
nn
Many blockchain networks are now adopting the proof-of-stake model, which Harmony has employed since its inception. As a result, nodes put up existing tokens as collateral in this procedure to have a chance to be chosen at random to validate transactions. For a block to be approved, several validators must check transactions. Harmony stands out from other networks because its architecture and proof-of-stake consensus method allow it to complete blocks in under two seconds.
nn
Cross-chain capabilities
nn
Additionally, Harmony introduced Horizon, a cross-chain interoperability bridge with Ethereum, allowing assets to be exchanged between the two networks. This innovation can revolutionize cross-border payments and make cryptocurrency exchanges more convenient. Harmony has also established connections with other blockchains, such as Binance.
nn
By allowing nodes on other blockchain networks to validate transactions, Harmony’s platform can transfer data across various blockchain networks, regardless of whether they use proof-of-stake or proof-of-work governance.
nn
Lower gas fees
nn
Harmony’s network seldom becomes clogged, thanks to its high TPS and usage of proof-of-stake validation. As a result, it does not have high gas fees, which are now a fraction of a penny per transaction on Harmony.
nn
On the other hand, a network like Ethereum sees far more overall demand and transactions than Harmony. Still, Harmony claims that it can alleviate congestion issues by simply adding additional shards, even if the network is fully utilized and witnessing exceptionally high demand.
nn
Huge potential for NFTs
nn
The network’s cross-chain capabilities open up some exciting possibilities for NFTs, which are secure digital art, video and audio assets that may be transmitted on a blockchain network. Moreover, cheaper gas expenses may make the network appealing to developers interested in minting NFTs.
nn
According to Harmony, bridging NFTs from ONE network to another may be costly at first, but subsequent transactions will be inexpensive. Harmony also announced on Twitter that it is working on NFT lending, NFT verification and fractionalization, among other features.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:58:33″,”updated_at”:”2022-02-06 16:00:00″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:3178,”post_id”:80721,”title”:”Is Harmony ONE a good investment?”,”content”:”
Investing is a very personal endeavor. Do your own research and try to stay on top of any advances in the Harmony ecosystem that might help it grow.
nn
Although there is still much to be done, the Harmony project has been considered a solution to poor scaling and interoperability and a useful foundation for DApp developers to scale their apps and transactions.
nn
Harmony aspires to be a top crypto network known for its speed and efficiency, and it’s well on its way to achieving that goal. The platform delivers on its promise of low gas and transaction costs.
nn
As with any other cryptocurrency or platform, ONE will appreciate as Harmony becomes more prevalent. Perhaps then, in addition to buying, selling and staking, we’ll see other use cases of Harmony ONE in the future.
nnn”,”created_at”:”2022-02-06 15:59:08″,”updated_at”:”2022-02-06 16:00:00″,”sort”:9,”translations”:{“id”:3171,”explained_post_id”:3178,”title_en”:”Is Harmony ONE a good investment?”,”content_en”:”
Investing is a very personal endeavor. Do your own research and try to stay on top of any advances in the Harmony ecosystem that might help it grow.
nn
Although there is still much to be done, the Harmony project has been considered a solution to poor scaling and interoperability and a useful foundation for DApp developers to scale their apps and transactions.
nn
Harmony aspires to be a top crypto network known for its speed and efficiency, and it’s well on its way to achieving that goal. The platform delivers on its promise of low gas and transaction costs.
nn
As with any other cryptocurrency or platform, ONE will appreciate as Harmony becomes more prevalent. Perhaps then, in addition to buying, selling and staking, we’ll see other use cases of Harmony ONE in the future.
nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2022-02-06 15:59:08″,”updated_at”:”2022-02-06 16:00:00″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}}],”is_partner_material”:false,”commentsSection”:{“schemaEntityUrl”:”//cointelegraph.com/defined/what-is-cohesion-one-blockchain-and-why-it-is-getting-so-worthy-traction”,”checklist”: [],”amount”:0,”i18n”:{“addComment”:”Add a comment…”,”amountOnePostfix”:”Comment”,”amountPostfix”:”Feedback”,”assassinate”:”Abolish”,”delete”:”Delete”,”edit”:”Edit”,”errorBig”:”Comment textual negate material can no longer be longer than 2000 characters”,”errorDuplicate”:”Replica comment”,”errorSmall”:”Comment textual negate material needs to be as a minimal 2 characters lengthy”,”hideButton”:”Conceal comments”,”noComments”:” “,”commentOnModeration”:”Comment on moderation”,”postComment”:”Post”,”acknowledge”:”Acknowledge”,”showAllComments”:”Show All Feedback”,”showButtonPostfix”:”comments”,”showButtonPrefix”:”Show”,”signIn”:”Compare in”,”update”:”Change comment”,”commentWasDeleted”:”This comment has been deleted”}},”linked”: [{“id”:46058,”retina”:”https://images.cointelegraph.com/images/1480_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81MzgzMjU4NzkzMTAxZDA1YWRjNGExOWYyNzk1MWM0ZC5qcGc=.jpg”,”img”:”https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81MzgzMjU4NzkzMTAxZDA1YWRjNGExOWYyNzk1MWM0ZC5qcGc=.jpg”,”thumb”:”https://images.cointelegraph.com/images/370_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81MzgzMjU4NzkzMTAxZDA1YWRjNGExOWYyNzk1MWM0ZC5qcGc=.jpg”,”thumb370″:”https://images.cointelegraph.com/images/370_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81MzgzMjU4NzkzMTAxZDA1YWRjNGExOWYyNzk1MWM0ZC5qcGc=.jpg”,”amp_thumb”:”https://images.cointelegraph.com/images/150_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81MzgzMjU4NzkzMTAxZDA1YWRjNGExOWYyNzk1MWM0ZC5qcGc=.jpg”,”thumb150″:”https://images.cointelegraph.com/images/150_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81MzgzMjU4NzkzMTAxZDA1YWRjNGExOWYyNzk1MWM0ZC5qcGc=.jpg”,”url”:”https://cointelegraph.com/news/the-big-four-are-gearing-up-to-become-crypto-and-blockchain-auditors”,”title”:”The Big Four Are Gearing Up to Become Crypto and Blockchain Auditors”,”lead”:”Professional service giants like the Big Four are innovating in the blockchain and crypto space. Is it enough to make an impact?”,”leadfull”:””,”category_id”:19,”category_url”:”https://cointelegraph.com/category/analysis”,”category_title”:”Analysis”,”author_url”:”https://cointelegraph.com/authors/rachel-wolfson”,”author_hash”:”aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9hdXRob3JzL3JhY2hlbC13b2xmc29u”,”author_title”:”Rachel Wolfson”,”author_img”:”https://images.cointelegraph.com/images/32_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81OGI2YmIyMjI0MGRjOGI5M2UxYTUxYzMzZTMzNjY2Mi5qcGc=.jpg”,”date”:”MAY 29, 2020″,”flash_date”:”MAY 29, 2020″,”sponsored”:false,”press_release”:false,”sponsored_label”:”Sponsored”,”explained”:false,”badge”:{“title”:”Analysis”,”label”:”info”},”published”:{“date”:”2020-05-29 17:00:00.000000″,”timezone_type”:3,”timezone”:”Europe/London”},”stat_uniqs”:229939,”rss_date”:”Fri, 29 May 2020 17:00:00 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+0000″,”publishedW3″:”2022-02-23T21:30:00+00:00″,”show_referral”:true,”isMagazine”:false},{“id”:81857,”retina”:”https://images.cointelegraph.com/images/1480_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMzlkNTM3YzQtOWNjNS00MWZkLTgxMDEtYTRiZmMxOWExODIwLmpwZw==.jpg”,”img”:”https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMzlkNTM3YzQtOWNjNS00MWZkLTgxMDEtYTRiZmMxOWExODIwLmpwZw==.jpg”,”thumb”:”https://images.cointelegraph.com/images/370_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMzlkNTM3YzQtOWNjNS00MWZkLTgxMDEtYTRiZmMxOWExODIwLmpwZw==.jpg”,”thumb370″:”https://images.cointelegraph.com/images/370_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMzlkNTM3YzQtOWNjNS00MWZkLTgxMDEtYTRiZmMxOWExODIwLmpwZw==.jpg”,”amp_thumb”:”https://images.cointelegraph.com/images/150_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMzlkNTM3YzQtOWNjNS00MWZkLTgxMDEtYTRiZmMxOWExODIwLmpwZw==.jpg”,”thumb150″:”https://images.cointelegraph.com/images/150_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMzlkNTM3YzQtOWNjNS00MWZkLTgxMDEtYTRiZmMxOWExODIwLmpwZw==.jpg”,”url”:”https://cointelegraph.com/news/nft-projects-thrive-even-as-opensea-trading-volumes-take-a-hit”,”title”:”NFT projects thrive even as OpenSea trading volumes take a hit”,”lead”:”Monthly volumes on OpenSea have declined in comparison with January’s record-breaking start, but select NFT collections are still seeing their floor prices soar…”,”leadfull”:””,”category_id”:89,”category_url”:”https://cointelegraph.com/category/market-analysis”,”category_title”:”Market Analysis”,”author_url”:”https://cointelegraph.com/authors/alyssa-exposito”,”author_hash”:”aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9hdXRob3JzL2FseXNzYS1leHBvc2l0bw==”,”author_title”:”Alyssa Exposito”,”author_img”:”https://cointelegraph.com/assets/img/icons/author_female.png”,”date”:”FEB 24, 2022″,”flash_date”:”FEB 24, 2022″,”sponsored”:false,”press_release”:false,”sponsored_label”:”Sponsored”,”explained”:false,”badge”:{“title”:”Markets News”,”label”:”default”},”published”:{“date”:”2022-02-24 19:19:29.000000″,”timezone_type”:3,”timezone”:”Europe/London”},”stat_uniqs”:3406,”rss_date”:”Thu, 24 Feb 2022 19:19:29 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Barcelona and AS Roma fan tokens rally after Socios partners with UEFA”,”lead”:”ASR, BAR and ACM posted double-digit rallies after the Socios fan token platform partnered with UEFA to bring NFTs and other redeemable perks to European soccer…”,”leadfull”:””,”category_id”:89,”category_url”:”https://cointelegraph.com/category/market-analysis”,”category_title”:”Market Analysis”,”author_url”:”https://cointelegraph.com/authors/jordan-finneseth”,”author_hash”:”aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9hdXRob3JzL2pvcmRhbi1maW5uZXNldGg=”,”author_title”:”Jordan Finneseth”,”author_img”:”https://images.cointelegraph.com/images/32_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xYjUxM2M1ZTc0Y2NlNTFmMWMxOGM1OTYzNWVjNDExMS5qcGc=.jpg”,”date”:”FEB 28, 2022″,”flash_date”:”FEB 28, 2022″,”sponsored”:false,”press_release”:false,”sponsored_label”:”Sponsored”,”explained”:false,”badge”:{“title”:”Altcoin Watch”,”label”:”default”},”published”:{“date”:”2022-02-28 23:30:00.000000″,”timezone_type”:3,”timezone”:”Europe/London”},”stat_uniqs”:3786,”rss_date”:”Mon, 28 Feb 2022 23:30:00 +0000″,”publishedW3″:”2022-02-28T23:30:00+00:00″,”show_referral”:true,”isMagazine”:false},{“id”:82078,”retina”:”https://images.cointelegraph.com/images/1480_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMDZlYmEzYjMtODc2My00YjgwLWI5NmYtY2YyOTE2MzUwOWUxLmpwZw==.jpg”,”img”:”https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMDZlYmEzYjMtODc2My00YjgwLWI5NmYtY2YyOTE2MzUwOWUxLmpwZw==.jpg”,”thumb”:”https://images.cointelegraph.com/images/370_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMDZlYmEzYjMtODc2My00YjgwLWI5NmYtY2YyOTE2MzUwOWUxLmpwZw==.jpg”,”thumb370″:”https://images.cointelegraph.com/images/370_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMDZlYmEzYjMtODc2My00YjgwLWI5NmYtY2YyOTE2MzUwOWUxLmpwZw==.jpg”,”amp_thumb”:”https://images.cointelegraph.com/images/150_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMDZlYmEzYjMtODc2My00YjgwLWI5NmYtY2YyOTE2MzUwOWUxLmpwZw==.jpg”,”thumb150″:”https://images.cointelegraph.com/images/150_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMDZlYmEzYjMtODc2My00YjgwLWI5NmYtY2YyOTE2MzUwOWUxLmpwZw==.jpg”,”url”:”https://cointelegraph.com/news/which-daos-have-the-most-potential-in-2022-watch-the-market-report-live”,”title”:”Which DAOs have the most potential in 2022? | Watch The Market Report live”,”lead”:”On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss which DAO has the most potential in 2022.”,”leadfull”:””,”category_id”:2,”category_url”:”https://cointelegraph.com/category/latest-news”,”category_title”:”Latest News”,”author_url”:”https://cointelegraph.com/authors/cointelegraph”,”author_hash”:”aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9hdXRob3JzL2NvaW50ZWxlZ3JhcGg=”,”author_title”:”Cointelegraph”,”author_img”:”https://images.cointelegraph.com/images/32_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84YWQ1MDQxMTlmNjA2YjJiOGY0ZmVjZTU2NjgwMTA4Zi5qcGc=.jpg”,”date”:”MAR 01, 2022″,”flash_date”:”MAR 01, 2022″,”sponsored”:false,”press_release”:false,”sponsored_label”:”Sponsored”,”explained”:false,”badge”:{“title”:”Video”,”label”:”success”},”published”:{“date”:”2022-03-01 17:00:00.000000″,”timezone_type”:3,”timezone”:”Europe/London”},”stat_uniqs”:4184,”rss_date”:”Tue, 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Solidarity (ONE) is a blockchain-based fully platform that objectives to address the conundrum of attaining each scalability and decentralization without sacrificing either.
Solidarity (ONE) change into launched as share of the Binance Launchpad’s initial alternate providing (IEO) in Might per chance per chance 2019. It’s aimed to be a bridge between scalability and decentralization efforts. It change into constructed with the motto “decentralization at scale” in mind, emphasizing data sharing and the construction of fungible token and nonfungible asset marketplaces.
Furthermore, Solidarity promises to present high throughput with two “lows”: latency and expenses. They’re expected to attach the platform on the center of efforts to place the groundwork for future decentralized trustless economies when they’re mixed.
Solidarity began as a firm in 2018 sooner than the IEO. Nonetheless, who’s in the lend a hand of Solidarity (ONE)? Multiple investors, including Silicon Valley’s Consensus Capital, Hong Kong’s Lemniscap VC, and others, possess been drawn to its fundraising endeavor, which raised $18 million in April 2019. Traders purchased nearly $2.8 billion of the firm’s ONE tokens, with $12.6 billion attach aside for pre-mining.
Solidarity provides investors receive entry to to an ecosystem that might maybe allow the firm’s adoption for the duration of a diversity of companies, with a focal point on data sharing, decentralized marketplaces, supply chain monitoring, ad exchanges, credit rating techniques and gaming.
The ONE token is utilized as a stake in the Solidarity consensus model. Holders can map block rewards and be rewarded for maintaining the machine running easily.
Solidarity, love many other layer 2 (L2) platforms, has its neighborhood token, Solidarity ONE, which stresses the protocol’s aim of assisting commence consensus procedures for billions of americans for the duration of the enviornment.
The Solidarity ONE token is at threat of pay for all platform actions and amenities, including balloting, transaction prices, gasoline prices, staking and incomes rewards.
The Solidarity ONE token had a dynamic inflation agenda up till March 2020. Later, the tempo of inflation change into changed to a mounted annual price.
By the employ of random advise sharding, Solidarity improves scalability and quickens transaction and block generation.
Random advise sharding enables the community to divide the database into smaller segments called shards to gash back latency. As neatly as, sharding enables for shut to-instantaneous transactions whereas fending off community congestion.
The sharding intention is in maintaining with a disbursed randomness generation project that makes employ of an adaptive proof-of-stake (PoS) consensus mechanism. Security, scalability and easy and easy verification are all imaginable with this combination.
Like a flash Byzantine Fault Tolerance protocol (FBFT) is a variant of the BFT protocol inclined by the Solidarity community. FBFT improves the Solidarity community’s tempo and effectivity by processing transactions in parallel. Concurrently, Solidarity minimizes verbal replace expenses by signing transactions utilizing an combination signature, allowing 250 or more validators to attach a consensus in lower than two seconds.
Solidarity is an commence and rapid blockchain, featuring a mainnet that runs on an Ethereum community with 2-2nd transaction finality and 1000 times decrease prices than Ethereum.
Solidarity (ONE) blockchain is an L2 blockchain platform constructed on the Ethereum community, making it easier for builders to originate decentralized apps (DApps).
Because of Ethereum’s high gasoline prices, more altcoins are growing scaling solutions in an are attempting to dethrone Ethereum as basically the most authorized community for growing DApps. Unlike many other platforms in this category, Solidarity collaborates with Ethereum barely than competing with it.
Solidarity might maybe per chance maybe additionally additionally be purchased most easily thru a cryptocurrency alternate; on the different hand, the Coinbase app and Coinbase wallet attain no longer allow Solidarity ONE coin procuring and selling.
Steps to procuring Solidarity ONE are listed beneath:
- Overview ONE-supporting cryptocurrency exchanges: Charges, security and fee suggestions vary among cryptocurrency exchanges, so you might maybe maybe per chance maybe want to attain a runt review to pick out out which is the very most sensible fit for you. You don’t desire a large collection of functions being a beginner, and also you might maybe maybe per chance maybe per chance additionally frequently replace exchanges later.
- Receive a procuring and selling myth on a platform: Visit the derive advise of the alternate where you’d like to originate an myth. Click on “take a look at in,” that would additionally lead you to the myth creation internet page, where you might maybe maybe per chance maybe per chance additionally derive out your own data, foundation with your name, email address, and post a proof of address, etc.
- Deposit funds into your myth: To grab Solidarity, fund your myth utilizing a financial institution switch, credit or debit card, or Bitcoin from a crypto wallet.
- Resolve Solidarity: After that, total your Solidarity take hang of by getting into the amount you’d like to grab and clicking “take hang of.”
It’s seemingly you’ll per chance maybe per chance additionally additionally want to know the very most sensible intention to mine cohesion ONE? Surprisingly, Solidarity (ONE) is no longer a mineable coin, that implies it’s miles no longer designed to interchange fiat money.
Holders of Solidarity ONE can employ the staking explorer to delegate their tokens to existing validators. As a delegator or a validator, you might maybe maybe per chance maybe per chance additionally expend part in Solidarity’s staking.
Staking Solidarity tokens to a particular community validator might maybe per chance maybe additionally very neatly be equal to a financial institution deposit in that you just delegate (delegation capability bonding with the neat contract, no longer precise transferring in this case) your Solidarity tokens to that validator to permit community decentralization, security and efficiency. Other folks that staked their ONE tokens are rewarded as share of this program.
For delegators
Delegation is basically the most principal manner for folks that want to expend part in staking nonetheless effect no longer want to bustle a validator to get block rewards. If the tokens are delegated to an elected validator, the delegator will get a fragment of the block reward obtained by the validator (in maintaining with allotment block reward).
The delegators earned block rewards are saved in a separate reward balance that would additionally additionally be withdrawn without prolong to the delegator’s myth balance. The block rewards might maybe per chance maybe additionally additionally be staked again to receive the compounding impression of staking.
Your delegated tokens are also linked to reducing the validator’s dangers. As a delegator, you might maybe maybe per chance maybe per chance additionally composed conscientiously take hang of validators in maintaining with previous efficiency indicators love uptime and price. As neatly as, you might maybe maybe per chance maybe per chance additionally composed gash up your delegations among assorted validators to gash back the hazard of apathy or indecisiveness.
For validators
The Staking Explorer makes it straightforward to delegate, send payments, and peep validator data, as proven in the image beneath:
It’s seemingly you’ll per chance maybe per chance additionally browse the dashboard without utilizing your ONE address, nonetheless your ONE address have a tendency for any transactions. The Solidarity Chrome Extension, MathWallet Chrome Extension or Ledger Nano S can all be at threat of log into an myth, as proven in the image beneath.
It’s seemingly you’ll per chance maybe per chance additionally receive entry to community data, an inventory of validators, validator profiles and other data after logging in to relief you in deciding whom to delegate to, as proven in the image beneath.
A signature is required for every transaction or delegation. The Solidarity Chrome Extension, which supports the Ledger Nano S, might maybe per chance maybe additionally additionally be inclined.
Google Chrome plugin, hardware, instrument or on-line wallets are assorted mediums to retailer Solidarity crypto.
The Solidarity ONE wallet is on hand as a Google Chrome plugin that is easy to set up and loads more intellectual to employ. There are a plethora of third-occasion wallets for storing ONE, and the kind you in deciding is mostly sure by how worthy you possess to preserve and what you intend to attain with it.
Hardware wallets, is also named frigid wallets, love Ledger or Trezor, are the safest manner to retailer and backup cryptocurrency. They attain, on the different hand, necessitate more technical data and are a more costly chance. Which capability that, more skilled users might maybe per chance maybe additionally be better suited to retailer more principal volumes of ONE.
Utility wallets supply a special solution that is each free and easy to employ. As an illustration, they might maybe well additionally very neatly be custodial or non-custodial and might maybe per chance maybe additionally be downloaded as smartphONE or desktop apps.
With custodial wallets, the service provider manages and backs up your private keys for your behalf. Non-custodial wallets retain private keys for your instrument utilizing security compONEnts. While they are convenient, they are less steady than hardware wallets and might maybe per chance maybe be better suited to smaller teams of ONE or more inexperienced users.
Online wallets are also free and easy to employ and might maybe per chance maybe additionally be accessed from assorted devices utilizing a internet-based browser. On the different hand, hot wallets are belief to be unpleasant and might maybe per chance maybe additionally be less steady than hardware or instrument imaginable picks.
Since you might maybe maybe per chance maybe be entrusting the platform with your ONE, make sure that it be a reliable provider with a proven track file in security and custody. Which capability that, they’re easiest for folks which possess a modest collection of cryptocurrencies or replace frequently.
Solidarity is getting a amount of traction because it addresses core blockchain concerns, is vitality-efficient, has inferior-chain capabilities, provides decrease gasoline prices and has a tall seemingly for nonfungible tokens (NFTs).
Defend decentralization and security
Solidarity thinks its community can scale whereas placing forward decentralization and security because it makes employ of sharding, which divides validators into a pair of teams and enables them to approve transactions and original blocks concurrently. Solidarity can now project 2,000 transactions per 2nd (TPS), which is equal to Visa, ONE of the enviornment’s largest fee networks. Solidarity believes this can project 10 million TPS in the lengthy bustle.
On the different hand, Solidarity would not compromise security or decentralization even because it scales. As an illustration, the community assigns nodes or computers that be a part of the community and validate transactions, to sure shards by a disbursed randomness generation mechanism. Solidarity also retains the minimal collection of ONE tokens required for nodes to hitch the community as validators and retain decentralization at a low stage.
Energy-efficient
Many blockchain networks are now adopting the proof-of-stake model, which Solidarity has employed since its inception. Which capability that, nodes attach up existing tokens as collateral in this project to possess a chance to be chosen at random to validate transactions. For a block to be licensed, loads of validators must take a look at transactions. Solidarity stands out from other networks because its architecture and proof-of-stake consensus capability allow it to total blocks in below two seconds.
Contaminated-chain capabilities
Furthermore, Solidarity presented Horizon, a inferior-chain interoperability bridge with Ethereum, allowing property to be exchanged between the two networks. This innovation can revolutionize inferior-border payments and kind cryptocurrency exchanges more convenient. Solidarity has also established connections with other blockchains, a lot like Binance.
By allowing nodes on other blockchain networks to validate transactions, Solidarity’s platform can switch data for the duration of assorted blockchain networks, no matter whether or no longer they employ proof-of-stake or proof-of-work governance.
Lower gasoline prices
Solidarity’s community seldom turns into clogged, thanks to its high TPS and utilization of proof-of-stake validation. Which capability that, it would not possess high gasoline prices, which might maybe be now a share of a penny per transaction on Solidarity.
On the different hand, a community love Ethereum sees worthy more total search data from and transactions than Solidarity. Smooth, Solidarity claims that it will alleviate congestion factors by simply including additional shards, even though the community is fully utilized and witnessing exceptionally high search data from.
Enormous seemingly for NFTs
The community’s inferior-chain capabilities commence up some thrilling potentialities for NFTs, which might maybe be steady digital art, video and audio property that would additionally be transmitted on a blockchain community. Furthermore, more affordable gasoline expenses might maybe per chance maybe additionally kind the community appealing to builders drawn to minting NFTs.
Essentially based fully on Solidarity, bridging NFTs from ONE community to one more might maybe per chance maybe additionally be costly in the muse, nonetheless subsequent transactions can be inexpensive. Solidarity also presented on Twitter that it’s engaged on NFT lending, NFT verification and fractionalization, among other functions.
Investing is a in truth private endeavor. Attain your like review and take a look at to preserve on high of any advances in the Solidarity ecosystem that would relief it develop.
Despite the incontrovertible truth that there is composed worthy to be done, the Solidarity venture has been regarded as a technique to miserable scaling and interoperability and a critical foundation for DApp builders to scale their apps and transactions.
Solidarity aspires to be a high crypto community known for its tempo and effectivity, and it be neatly on its manner to attaining that aim. The platform delivers on its promise of low gasoline and transaction expenses.
As with every other cryptocurrency or platform, ONE will esteem as Solidarity turns into more prevalent. Maybe then, moreover procuring, promoting and staking, we will survey other employ circumstances of Solidarity ONE in the lengthy bustle.
