Thread by @harmonyprotocol

1/ @harmonyprotocol is building a multi-chain future that helps users transfer seamlessly between chains with instant transactions and extremely low fees💙

This feature by @WhiteboardCryp1 talks about how #HarmonyONE works.

👇Here are some excerpts

2/ What motivated the creation of @harmonyprotocol?

While the #Ethereum chain was growing, there were some limitations.

#HarmonyONE was built to create a fast, decentralized and secure solution for a billion users, focusing on Speed and Performance.

3/ Building on the promise, @harmonyprotocol achieved a 2️⃣-second finality on all transactions. This is way faster than other top blockchains.

But what about security risks?

4/ We maintain maximum security through #Sharding.

Sharding is a process to split up the #blockchain into shards, which run simultaneously to speed up the chain and reduce congestion, enabling more users, low fees, and more transactions per second.

5/ But sharding comes with certain security risks, which @harmonyprotocol mitigates through Effective Proof-of-Stake (EPoS).

The EPoS ensures the stakers are rewarded while preventing them to take over the network.

blog.harmony.one/introducing-ha…

6/ The @harmonyprotocol ecosystem is huge, and we are committed to building a multi-chain future through bridges.

Our Horizon bridge lets users seamlessly move through #Ethereum, Binance Smart Chain and NFT protocols, with #Bitcoin support coming soon.

open.harmony.one/horizon-a-gas-…

7/ Instead of direct competition, @harmonyprotocol promotes #interoperability between chains.

We work in favor of:

✅Openness
✅Transparency
✅Camaraderie

open.harmony.one/interoperabili…

8/ The #HarmonyONE token ($ONE), can be used to pay fees, stake, validation & governance.

Since ONE tokens are burned for transactions and fees from the newly minted pool, it can never be deflationary.

9/ The @harmonyprotocol ecosystem is growing, and we are working relentlessly to increase crypto access across the entire space.

Our partners, contributors and community members are all helping us build a multi-chain future, while we work in the open💙

open.harmony.one