Harmony is a blockchain which has made a breakthrough in the crypto world by building a network that maintains an excellent level of interoperability and features the latest technological solutions. Essentially, Harmony is a blockchain that relies on sharding which makes it both extremely scalable and energy-efficient. Harmony achieves its high degree of energy efficiency through its Proof-of-Stake protocol. Moreover, Harmony's PoS protocol guarantees its security since it adjusts automatically in a way which prevents malicious stakers from solidifying their power on the network. At the same time, it does not create a barrier for small stakers who can still participate in the network.
ONE is the utility token of the Harmony blockchain. ONE is the primary means of paying transaction fees on the network. It also helps secure the network through staking, and people who lock their crypto in smart contracts are eligible for rewards. ONE plays a major role in Harmony’s blockchain governance and conveys voting rights.
ONE Payment Benefits:- Speed
Harmony is truly one of the fastest blockchains out there since it processes transactions in 2 seconds. - Cost of Transaction
Harmony has one of the lowest transaction fees in the industry of $0.000001. - Security
Harmony’s security is maintained with the help of its Proof-of-Stake protocol.