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Harmony Protocol introduces Effective Proof-of-Stake mechanism

Twitter icon  •  Published há 2 anos  •  Hassan Maishera

The Harmony Protocol team has introduced the Effective Proof-of-Stake mechanism to its community.

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.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.