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Harmony is a layer-1 blockchain using sharding and Effective Proof of Stake to achieve scalability, security, and decentralization. The network was founded in 2018 by Stephen Tse with a mainnet launch in 2019. | Harmony is a layer-1 blockchain using sharding and Effective Proof of Stake to achieve scalability, security, and decentralization. The network was founded in 2018 by Stephen Tse with a mainnet launch in 2019. | ||
== Innovations <ref>'''Harmony Forums''' | == Innovations <ref>'''Harmony Forums''' | ||
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==== '''Scalable Networking Infrastructure''' ==== | ==== '''Scalable Networking Infrastructure''' ==== | ||
Harmony’s network layer is based on the industry-leading p2p protocol named | Harmony’s network layer is based on the industry-leading p2p protocol named [[Libp2p]]. We use [[Libp2p]]’s gossip protocol for network message broadcasting and stream protocol for decentralized state synchronization. To achieve high performance, we adopt RaptorQ fountain code and use Adaptive Information Dispersal Algorithm to quickly and efficiently broadcast large blocks. Harmony also features a design where Kademlia routing is used to achieve cross-shard transactions that scale logarithmically with the number of shards. | ||
==== '''Asynchronous Cross-Shard Transactions'''<ref>https://docs.harmony.one/home/general/technology/transactions</ref> ==== | ==== '''Asynchronous Cross-Shard Transactions'''<ref>https://docs.harmony.one/home/general/technology/transactions</ref> ==== | ||
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==== Staking ==== | ==== Staking ==== | ||
Harmony is a Proof-of-Stake blockchain. Validator wallets are funded with 10,001 ONE<ref>https://docs.harmony.one/home/network/validators/creating-a-validator</ref>. ONE token holders are also able to delegate their ONE tokens to existing validators to participate in the staking process | Harmony is a Proof-of-Stake blockchain. Validator wallets are funded with 10,001 ONE<ref>https://docs.harmony.one/home/network/validators/creating-a-validator</ref>. ONE token holders are also able to delegate their ONE tokens to existing validators to participate in the staking process. Elected validators who successfully sign blocks will receive block rewards in ONE tokens as compensation for their services. | ||
==== Governance ==== | ==== Governance ==== | ||
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== References == | == References == | ||
<references /> | |||
[[Category:Layer 1]] | |||