Hassan Maishera
The Harmony Protocol team has introduced the Effective Proof-of-Stake mechanism to its community. It claims it is an efficient staking mechanism that avoids centralization of the staking process without eliminating stake compounding and delegation.
Harmony is a fast and secure blockchain for decentralized applications. Harmony's main focus is on achieving scalability by dividing not only the network nodes but also the blockchain states into shards.
ONE, the native token of Harmony, is trading at $0.1779, down by more than 7% in the last 24 hours.
