What is Harmony (ONE) | What is Harmony token | What is ONE token

Harmony (ONE) is one of the latest projects that is trying to tackle the issue of blockchain scalability. They have built their platform from the ground up with optimisation in mind.

Using a “full-stack” approach, Harmony is developing a  sharding based blockchain that is not only scalable but provably secure, and energy efficient. They are also the latest project to be raising funds on the Binance Launchpad. This after completing a large private seed sale back in May of 2018.

So, should you consider it?

In this Harmony review I will give you everything you need to know to make that decision. I will dig into their technology, team and development. I will also analyse the long term adoption potential of their ONE token.

What is Harmony?

Harmony provides a high-throughput, low-latency and low-fee consensus platform designed to power the decentralized economy of the future. They plan to address the issues faced in other blockchain ecosystems through the use of the best research and engineering practices in an optimally tuned system.

The technical focus of the project is on resharding and secure staking with decentralized randomness. Harmony also implements optimal cross-shard routing and fast block propagation.

In practice, Harmony helps businesses to build marketplaces for fungible token usage (such as loyalty points or energy credits) and non-fungible assets (such as in-game digital assets). Harmony also uses its  zero-knowledge proofs to enable data sharing with consumer privacy.

Benefits of Harmony One

_Benefits of the Harmony Protocol. Image via _Harmony.one

This incentivizes users and could be used for credit ratings, ad exchanges, and other data sharing that’s traditionally seen centralized platforms profiting and users being left with nothing.

After launching its mainnet in June 2019 Harmony has seen excellent growth, and as of June 2020 there are more than 1,000 nodes helping to decentralize the network. The project has also been able to migrate from the ERC-20 and BEP-2 tokens originally issued to its own native tokens.

Finally, the project has implemented a staking system based on Effective Proof of Stake (EPoS). It’s been a busy year at Harmony, so let’s dig in and explore some of the details of the progress being made.

The Harmony Technology Stack

In order to achieve the goals of scalability the Harmony built the entire technology stack from the ground up with a focus on optimisation. They have built in a number of important innovations into their Consensus Protocol, internal systems and network engineering.

By implementing these innovations, Harmony will provide a platform for Decentralised Applications (dApps) which were not feasible on other blockchains. These include dApps such as decentralised exchanges, high-throughput payment systems and Internet-of-Things transactions.

Consensus Protocol

Blockchains are goverened by consensus and the type of protocol used can drastically impact on the speed with which decentralised consensus is achieved. Currently, blockchains such as Bitcoin’s, use Proof-of-Work consensus protocols which have become inherently expensive and slow.

Other protocols such as Proof-of-Stake use different incentive mechanisms that overcome some of these challenges. Indeed the Ethereum protocol is trying to move to their Casper PoS consensus to address their scalability issues. However, PoS has its own unique challenges.

Network Communication Harmony

_Network Communication in a round of Consensus. Source: _Whitepaper

The Harmony consensus protocol, which they call Effective Proof of Stake, uses the latest design principles such as sharding and pipelining. This allows the network to process numerous different transactions in parallel. This means that there is no single bottleneck to the confirmations for all of the transactions.

Essentially, with the Harmony approach, connection latency is greatly reduced and the transaction throughput can scale as the network grows.

Network Infrastructure

Harmony is implementing networking techniques that can improve the speed of message propagation and achieve consensus faster. As stated in their whitepaper, Harmony uses RaptorQ fountain code which allows the network to propagate blocks quickly or within shards. Not only does Harmony shard its network nodes, it also shards blockchain states, which allows for linear scaling in all three aspects of storage, transactions, and machines.

They also adopt Kademlia routing which is able to achieve these cross-shard transactions which can scale logarithmically with the number of shards in the network. This entire implementation allows Harmony to run a highly concurrent protocol.

The infrastructure has also been decentralized to avoid single shard attacks. Eventually the network is built to contain shards of 1,000 nodes in order to provide cryptographic randomness and to re-shard regularly, however currently Harmony is using four shards of 250 nodes each.

This gives the network a strong security against Byzantine behaviors. In addition the network uses a Verifiable Random Function for unpredictable and unbiased shard membership.

The ONE Token Ecosystem

The Harmony platform is powered by the native ONE token, which allows users to participate in the ecosystem and serves as a payment mechanism for various actions. By using the Harmony blockchain developers and businesses are able to create alignment in the goals and incentives of various stakeholders.

In addition, the upcoming zero-knowledge proof implementation will make Harmony a data sharing platform that is capable of overcoming the common problem of many data markets; that is the mistrust that participants have for sharing data, even as they have a strong desire to acquire the data of others.

Harmony Token Ecosystem

“Open Consensus for 10 billion people”. Image via Harmony

The Harmony ONE token is designed to have the following three functions within the protocol:

  1. The token is used as a stake for the  EPoS consensus model, allowing staking holders to earn block rewards and transaction fees.
  2. The token will pay for transaction fees, gas fees and storage fees.
  3. The token will be used in the governance of the protocol by allowing token holders voting rights for on-chain governance.

In January 2020 Harmony kicked off the migration of the ONE token from the Ethereum and Biannce chains to its own blockchain. This was needed to realize the plans for staking and on-chain governance. Users are required to swap their ERC-20 (Ethereum) and BEP-2 (Binance) tokens for native ONE tokens if they wish to participate in staking, governance or any other network activities.

As of June 2020 the harmony team has not announced a deadline for the swap to the native ONE coins. Holders should know there is no way to manually swap the tokens to mainnet coins. The process is done automatically on any exchange that is participating with a bridge to Harmony.

That includes BitMax, Binance, KuCoin, Gate.io and the staking service HonestMining. To make the swap simply deposit any ERC-20 or BEP-2 ONE tokens on a participating exchange and when withdrawn the native ONE tokens will be delivered.

Staking Harmony ONE Token

Harmony made history on May 16, 2020 when it launched staking, making it the very first sharded blockchain to offer staking. According to the Harmony team staking was necessary in order to create trust for network participants without knowing them.

This will allow for much greater decentralization as it opens up the protocol to the public. Now that staking has been made available 320 of the 1,000 nodes are being run by the public rather than by Harmony or one of its trusted partners.

Harmony One Validators

_List of Some of the Validators Staking Harmony. Image via _Harmony

Staking launched with 16 staking partners who can be used by anyone to easily stake coins. These partners include Staked, Stake.fish, Blockdaemon, Everstake, and InfStones among others. Several exchanges also provide staking, such as BitMax and Binance. The current reward for staking is just north of 10%, although any of the staking services will keep a small portion. You can see a full list of current staking services here.

It isn’t required to use a staking service though, and the Harmony team encourages standalone staking because of the decentralization benefits. Running a validator requires 10,000 ONE tokens (currently worth $43) as well as a computer with a minimum of two cores, 2GB of memory, and 30GB of storage.

However due to the current limit of 320 public nodes the actual minimum required to run a node is roughly $20,000 worth of ONE tokens. Eventually there will be slots for 1,000 public validators.

The Harmony Community

Harmony has pursued a blend of offline and online community building. Since 2017 the Harmony team has held a weekly 4-hour meetup in San Francisco to increase interest in the project and to increase its community of partners.

The online community building has led to a smallish group, but one that appears to be extremely well engaged and excited about the potential for the Harmony protocol. For example, the Harmony subreddit has just 1,300 readers, but there are multiple daily posts and a number of comments on each post. The subreddit has only been in existence for 3 months.

Other social media accounts are equally small, but with equally engaged communities. The Twitter account has just over 6,000 followers, but an outsized number of shares and comments on its tweets. The Telegram channel is the largest community, with over 11,700 members.

Overall the Harmony community is a positive and encouraging sign. It may be small, but the members are very engaged and excited about the possibilities of the protocol.

The ONE Token

As noted above the ERC-20 and BEP-2 ONE tokens have been deprecated and the official coin is now the native ONE coin. Users holding the Ethereum or Binance chain versions can easily swap them by depositing them at an exchange that has a bridge to Harmony, such as Binance, Gate.io, BitMax, and others. Once deposited the deprecated tokens are automatically converted to native ONE tokens.

Binance ONE

Register at Binance and Swap ERC-20/BEP-2 Tokens for Native ONE Coins

As a staking token ONE is expected to gain in value, and in fact it has doubled since hitting a mid-April low of $0.002109. The real gains began after Harmony announced staking, with the token jumping from a value of $0.002684 before the announcement of live staking, to $0.004310 just one month later. It should be noted that this is slightly below the $0.004730 value of ONE on January 1, 2020 but the upward momentum is promising.

As far as storing your ONE tokens, the Ledger is your best choice. There’s no native staking wallet yet for ONE, but it is in development. In the meantime the multi-currency Guarda, Trust Wallet, and math Wallet all support storing ONE coins.

Launching Full Ethereum Compatibility on Harmony

At Harmony, our roadmap  in 2021 is to scale Ethereum applications and cross-chain finance. Today we’re excited to announce a critical milestone in our pursuit — full compatibility with Ethereum tools — Metamask, Web3.js, Ether.js, Truffle, Remix.

Image for post

Over the past few months, we have met with many developers, organized a few hackathons, conducted community calls, followed the spectacularly exploding DeFi and NFT space — all of this to understand what are the hurdles for developers to grow and scale their applications, and what prevents millions of more users to benefit from decentralized finance, social money and digital collectibles communities powered by blockchain.

The answers and insights are rather practical. Developers and users are already familiar with the mature Ethereum ecosystem but are looking for lower fees and faster transactions. Porting assets and deploying applications to a new platform needs to be simple, it should only take from a few seconds to a few minutes. This drove us to prioritize completing a full Ethereum tool-chain support on Harmony — Developers can now easily port their applications already written using ether.js or web3.js onto Harmony. Users can use the Metamask wallet to transact their assets on Harmony, without worrying about high fees or latency.

What Ethereum compatibility already exists on Harmony?

  1. Harmony is fully EVM compatible, already supporting Ethereum v1.9.9 Muir Glacier.
  2. Ethereum-Harmony Horizon bridge, using which you can bring ETH and ERC20/HRC721 assets to Harmony and take ONE and HRC20/HRC721 assets to Ethereum, in a permissionless way. Try it out here.
  3. Deploy smart contracts using Truffle and Remix.

What are we launching today?

As of Epoch 442 (Thursday, February 4, 2021, ~10am PT), Harmony will support Ethereum RPC, which means we can now recognize the Ethereum transaction data structure.

What does this mean:

  1. Users can now connect to the Harmony network using Metamask wallet.
  2. Users can create accounts, send and receive transactions of native ONE or HRC20/HRC721 using Metamask.
  3. Users can interact with dApps written using web3/ether.js but deployed on Harmony, simply using their Metamask account.
  4. Developers can directly deploy dApps written using web3/ether.js on Harmony.

If you’re keen to know details about how we made this happen, here’s a technical snippet.

Harmony’s transaction data structure includes two additional fields, ‘ShardID’ and ‘ToShardID’, on top of Ethereum’s transaction structure. Metamask didn’t work with Harmony out of the box since any transaction submitted by Metamask to the Harmony nodes across shards would not have the ‘ShardID’ and ‘ToShardID’ fields and as a result be rejected.

To solve this, the core developers proposed a new logic that lets shards recognize the original Ethereum transaction data structure without ShardID and ToShardID in it. This way the original Ethereum transaction can be treated and processed as an intra-shard transaction.

Now, Harmony reserves a unique ChainID for each shard and assigns transactions to shards based on the ChainID, which can be derived from the V field of the txn signature. With this change introduced in the latest node-software, the new transaction type can be accepted and processed by the validators across shards, making Harmony fully-compatible with existing Ethereum tooling.

Image for post

How to navigate between Harmony and Ethereum address format?

For each Harmony account address (‘one…’), there is a corresponding Ethereum address format (‘0x…’). You can easily find the ONE-Ethereum corresponding address pair on the Harmony Explorer, just toggle to switch between the address format.

Image for post

you can toggle between the Address formats on the top

ONE address

Image for post

Ethereum address

Image for post

_Note: _when using Metamask to send transactions on the Harmony network, you have to specify the corresponding Ethereum address format (starting with ‘0x’), instead of the ONE address ( starting with ‘one’). On the Harmony ONE wallet, you can send transactions using either the ONE or corresponding ETH (‘0x’) address format.

What can users and developers do?

Connect Metamask with Harmony. You can find detailed instructions here.

Image for post

Harmony custom RPC for Shard 0 on mainnet

After connecting Metamask with Harmony Shard 0 on mainnet, you can easily do the following:

  • Import an existing Harmony account into Metamask using your private keys.
  • Create a new Harmony account directly on Metamask, which can later be imported into ONE wallet, if needed.
  • Receive ONE and HRC20 tokens in your Metamask account from any Harmony account.
  • Send ONE and HRC20 tokens from your Metamask account to any Harmony account, using the Ethereum address format of the recipient account.
  • Search for your transaction history on Harmony block explorer, using your Ethereum or Harmony address format.

How and Where to Buy Harmony (ONE)?

ONE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ONE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase ONE from the exchange.

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ONE gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Looking for more informationONE

WebsiteExplorerSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

Would you like to earn ONE right now! ☞ [CLICK HERE](https://www.binance.com/en/register?ref=28551372 “CLICK HERE”)

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #harmony #one

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What is Harmony (ONE) | What is Harmony token | What is ONE token

What is Harmony (ONE) | What is Harmony token | What is ONE token

Harmony (ONE) is one of the latest projects that is trying to tackle the issue of blockchain scalability. They have built their platform from the ground up with optimisation in mind.

Using a “full-stack” approach, Harmony is developing a  sharding based blockchain that is not only scalable but provably secure, and energy efficient. They are also the latest project to be raising funds on the Binance Launchpad. This after completing a large private seed sale back in May of 2018.

So, should you consider it?

In this Harmony review I will give you everything you need to know to make that decision. I will dig into their technology, team and development. I will also analyse the long term adoption potential of their ONE token.

What is Harmony?

Harmony provides a high-throughput, low-latency and low-fee consensus platform designed to power the decentralized economy of the future. They plan to address the issues faced in other blockchain ecosystems through the use of the best research and engineering practices in an optimally tuned system.

The technical focus of the project is on resharding and secure staking with decentralized randomness. Harmony also implements optimal cross-shard routing and fast block propagation.

In practice, Harmony helps businesses to build marketplaces for fungible token usage (such as loyalty points or energy credits) and non-fungible assets (such as in-game digital assets). Harmony also uses its  zero-knowledge proofs to enable data sharing with consumer privacy.

Benefits of Harmony One

_Benefits of the Harmony Protocol. Image via _Harmony.one

This incentivizes users and could be used for credit ratings, ad exchanges, and other data sharing that’s traditionally seen centralized platforms profiting and users being left with nothing.

After launching its mainnet in June 2019 Harmony has seen excellent growth, and as of June 2020 there are more than 1,000 nodes helping to decentralize the network. The project has also been able to migrate from the ERC-20 and BEP-2 tokens originally issued to its own native tokens.

Finally, the project has implemented a staking system based on Effective Proof of Stake (EPoS). It’s been a busy year at Harmony, so let’s dig in and explore some of the details of the progress being made.

The Harmony Technology Stack

In order to achieve the goals of scalability the Harmony built the entire technology stack from the ground up with a focus on optimisation. They have built in a number of important innovations into their Consensus Protocol, internal systems and network engineering.

By implementing these innovations, Harmony will provide a platform for Decentralised Applications (dApps) which were not feasible on other blockchains. These include dApps such as decentralised exchanges, high-throughput payment systems and Internet-of-Things transactions.

Consensus Protocol

Blockchains are goverened by consensus and the type of protocol used can drastically impact on the speed with which decentralised consensus is achieved. Currently, blockchains such as Bitcoin’s, use Proof-of-Work consensus protocols which have become inherently expensive and slow.

Other protocols such as Proof-of-Stake use different incentive mechanisms that overcome some of these challenges. Indeed the Ethereum protocol is trying to move to their Casper PoS consensus to address their scalability issues. However, PoS has its own unique challenges.

Network Communication Harmony

_Network Communication in a round of Consensus. Source: _Whitepaper

The Harmony consensus protocol, which they call Effective Proof of Stake, uses the latest design principles such as sharding and pipelining. This allows the network to process numerous different transactions in parallel. This means that there is no single bottleneck to the confirmations for all of the transactions.

Essentially, with the Harmony approach, connection latency is greatly reduced and the transaction throughput can scale as the network grows.

Network Infrastructure

Harmony is implementing networking techniques that can improve the speed of message propagation and achieve consensus faster. As stated in their whitepaper, Harmony uses RaptorQ fountain code which allows the network to propagate blocks quickly or within shards. Not only does Harmony shard its network nodes, it also shards blockchain states, which allows for linear scaling in all three aspects of storage, transactions, and machines.

They also adopt Kademlia routing which is able to achieve these cross-shard transactions which can scale logarithmically with the number of shards in the network. This entire implementation allows Harmony to run a highly concurrent protocol.

The infrastructure has also been decentralized to avoid single shard attacks. Eventually the network is built to contain shards of 1,000 nodes in order to provide cryptographic randomness and to re-shard regularly, however currently Harmony is using four shards of 250 nodes each.

This gives the network a strong security against Byzantine behaviors. In addition the network uses a Verifiable Random Function for unpredictable and unbiased shard membership.

The ONE Token Ecosystem

The Harmony platform is powered by the native ONE token, which allows users to participate in the ecosystem and serves as a payment mechanism for various actions. By using the Harmony blockchain developers and businesses are able to create alignment in the goals and incentives of various stakeholders.

In addition, the upcoming zero-knowledge proof implementation will make Harmony a data sharing platform that is capable of overcoming the common problem of many data markets; that is the mistrust that participants have for sharing data, even as they have a strong desire to acquire the data of others.

Harmony Token Ecosystem

“Open Consensus for 10 billion people”. Image via Harmony

The Harmony ONE token is designed to have the following three functions within the protocol:

  1. The token is used as a stake for the  EPoS consensus model, allowing staking holders to earn block rewards and transaction fees.
  2. The token will pay for transaction fees, gas fees and storage fees.
  3. The token will be used in the governance of the protocol by allowing token holders voting rights for on-chain governance.

In January 2020 Harmony kicked off the migration of the ONE token from the Ethereum and Biannce chains to its own blockchain. This was needed to realize the plans for staking and on-chain governance. Users are required to swap their ERC-20 (Ethereum) and BEP-2 (Binance) tokens for native ONE tokens if they wish to participate in staking, governance or any other network activities.

As of June 2020 the harmony team has not announced a deadline for the swap to the native ONE coins. Holders should know there is no way to manually swap the tokens to mainnet coins. The process is done automatically on any exchange that is participating with a bridge to Harmony.

That includes BitMax, Binance, KuCoin, Gate.io and the staking service HonestMining. To make the swap simply deposit any ERC-20 or BEP-2 ONE tokens on a participating exchange and when withdrawn the native ONE tokens will be delivered.

Staking Harmony ONE Token

Harmony made history on May 16, 2020 when it launched staking, making it the very first sharded blockchain to offer staking. According to the Harmony team staking was necessary in order to create trust for network participants without knowing them.

This will allow for much greater decentralization as it opens up the protocol to the public. Now that staking has been made available 320 of the 1,000 nodes are being run by the public rather than by Harmony or one of its trusted partners.

Harmony One Validators

_List of Some of the Validators Staking Harmony. Image via _Harmony

Staking launched with 16 staking partners who can be used by anyone to easily stake coins. These partners include Staked, Stake.fish, Blockdaemon, Everstake, and InfStones among others. Several exchanges also provide staking, such as BitMax and Binance. The current reward for staking is just north of 10%, although any of the staking services will keep a small portion. You can see a full list of current staking services here.

It isn’t required to use a staking service though, and the Harmony team encourages standalone staking because of the decentralization benefits. Running a validator requires 10,000 ONE tokens (currently worth $43) as well as a computer with a minimum of two cores, 2GB of memory, and 30GB of storage.

However due to the current limit of 320 public nodes the actual minimum required to run a node is roughly $20,000 worth of ONE tokens. Eventually there will be slots for 1,000 public validators.

The Harmony Community

Harmony has pursued a blend of offline and online community building. Since 2017 the Harmony team has held a weekly 4-hour meetup in San Francisco to increase interest in the project and to increase its community of partners.

The online community building has led to a smallish group, but one that appears to be extremely well engaged and excited about the potential for the Harmony protocol. For example, the Harmony subreddit has just 1,300 readers, but there are multiple daily posts and a number of comments on each post. The subreddit has only been in existence for 3 months.

Other social media accounts are equally small, but with equally engaged communities. The Twitter account has just over 6,000 followers, but an outsized number of shares and comments on its tweets. The Telegram channel is the largest community, with over 11,700 members.

Overall the Harmony community is a positive and encouraging sign. It may be small, but the members are very engaged and excited about the possibilities of the protocol.

The ONE Token

As noted above the ERC-20 and BEP-2 ONE tokens have been deprecated and the official coin is now the native ONE coin. Users holding the Ethereum or Binance chain versions can easily swap them by depositing them at an exchange that has a bridge to Harmony, such as Binance, Gate.io, BitMax, and others. Once deposited the deprecated tokens are automatically converted to native ONE tokens.

Binance ONE

Register at Binance and Swap ERC-20/BEP-2 Tokens for Native ONE Coins

As a staking token ONE is expected to gain in value, and in fact it has doubled since hitting a mid-April low of $0.002109. The real gains began after Harmony announced staking, with the token jumping from a value of $0.002684 before the announcement of live staking, to $0.004310 just one month later. It should be noted that this is slightly below the $0.004730 value of ONE on January 1, 2020 but the upward momentum is promising.

As far as storing your ONE tokens, the Ledger is your best choice. There’s no native staking wallet yet for ONE, but it is in development. In the meantime the multi-currency Guarda, Trust Wallet, and math Wallet all support storing ONE coins.

Launching Full Ethereum Compatibility on Harmony

At Harmony, our roadmap  in 2021 is to scale Ethereum applications and cross-chain finance. Today we’re excited to announce a critical milestone in our pursuit — full compatibility with Ethereum tools — Metamask, Web3.js, Ether.js, Truffle, Remix.

Image for post

Over the past few months, we have met with many developers, organized a few hackathons, conducted community calls, followed the spectacularly exploding DeFi and NFT space — all of this to understand what are the hurdles for developers to grow and scale their applications, and what prevents millions of more users to benefit from decentralized finance, social money and digital collectibles communities powered by blockchain.

The answers and insights are rather practical. Developers and users are already familiar with the mature Ethereum ecosystem but are looking for lower fees and faster transactions. Porting assets and deploying applications to a new platform needs to be simple, it should only take from a few seconds to a few minutes. This drove us to prioritize completing a full Ethereum tool-chain support on Harmony — Developers can now easily port their applications already written using ether.js or web3.js onto Harmony. Users can use the Metamask wallet to transact their assets on Harmony, without worrying about high fees or latency.

What Ethereum compatibility already exists on Harmony?

  1. Harmony is fully EVM compatible, already supporting Ethereum v1.9.9 Muir Glacier.
  2. Ethereum-Harmony Horizon bridge, using which you can bring ETH and ERC20/HRC721 assets to Harmony and take ONE and HRC20/HRC721 assets to Ethereum, in a permissionless way. Try it out here.
  3. Deploy smart contracts using Truffle and Remix.

What are we launching today?

As of Epoch 442 (Thursday, February 4, 2021, ~10am PT), Harmony will support Ethereum RPC, which means we can now recognize the Ethereum transaction data structure.

What does this mean:

  1. Users can now connect to the Harmony network using Metamask wallet.
  2. Users can create accounts, send and receive transactions of native ONE or HRC20/HRC721 using Metamask.
  3. Users can interact with dApps written using web3/ether.js but deployed on Harmony, simply using their Metamask account.
  4. Developers can directly deploy dApps written using web3/ether.js on Harmony.

If you’re keen to know details about how we made this happen, here’s a technical snippet.

Harmony’s transaction data structure includes two additional fields, ‘ShardID’ and ‘ToShardID’, on top of Ethereum’s transaction structure. Metamask didn’t work with Harmony out of the box since any transaction submitted by Metamask to the Harmony nodes across shards would not have the ‘ShardID’ and ‘ToShardID’ fields and as a result be rejected.

To solve this, the core developers proposed a new logic that lets shards recognize the original Ethereum transaction data structure without ShardID and ToShardID in it. This way the original Ethereum transaction can be treated and processed as an intra-shard transaction.

Now, Harmony reserves a unique ChainID for each shard and assigns transactions to shards based on the ChainID, which can be derived from the V field of the txn signature. With this change introduced in the latest node-software, the new transaction type can be accepted and processed by the validators across shards, making Harmony fully-compatible with existing Ethereum tooling.

Image for post

How to navigate between Harmony and Ethereum address format?

For each Harmony account address (‘one…’), there is a corresponding Ethereum address format (‘0x…’). You can easily find the ONE-Ethereum corresponding address pair on the Harmony Explorer, just toggle to switch between the address format.

Image for post

you can toggle between the Address formats on the top

ONE address

Image for post

Ethereum address

Image for post

_Note: _when using Metamask to send transactions on the Harmony network, you have to specify the corresponding Ethereum address format (starting with ‘0x’), instead of the ONE address ( starting with ‘one’). On the Harmony ONE wallet, you can send transactions using either the ONE or corresponding ETH (‘0x’) address format.

What can users and developers do?

Connect Metamask with Harmony. You can find detailed instructions here.

Image for post

Harmony custom RPC for Shard 0 on mainnet

After connecting Metamask with Harmony Shard 0 on mainnet, you can easily do the following:

  • Import an existing Harmony account into Metamask using your private keys.
  • Create a new Harmony account directly on Metamask, which can later be imported into ONE wallet, if needed.
  • Receive ONE and HRC20 tokens in your Metamask account from any Harmony account.
  • Send ONE and HRC20 tokens from your Metamask account to any Harmony account, using the Ethereum address format of the recipient account.
  • Search for your transaction history on Harmony block explorer, using your Ethereum or Harmony address format.

How and Where to Buy Harmony (ONE)?

ONE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ONE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase ONE from the exchange.

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ONE gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

Looking for more informationONE

WebsiteExplorerSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

Would you like to earn ONE right now! ☞ [CLICK HERE](https://www.binance.com/en/register?ref=28551372 “CLICK HERE”)

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

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aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

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aaron silva

aaron silva

1621844791

SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

  • The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
  • It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
  • The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
  • It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
  • The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

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Angelina roda

Angelina roda

1624230000

How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

How to Buy FEG Token - The EASIEST Method 2021
In today’s video, I will be showing you guys how to buy the FEG token/coin using Trust Wallet and Pancakeswap. This will work for both iOS and Android devices!
📺 The video in this post was made by More LimSanity
The origin of the article: https://www.youtube.com/watch?v=LAVwpiEN6bg
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

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aviana farren

aviana farren

1623836330

Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

  • Dev burned all tokens in the wallet before the launch.
  • Fair launch on DxSale.
  • LP locked on DxLocker for four years
  • LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

  • Stable Rewards
  • Manual Burning
  • LP Acquisition
  • Community Governed Tokens
  • RFI Staking Rewards
  • Automated Liquidity Pool
  • Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

  • The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
  • It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
  • The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
  • It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
  • The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
  • Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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