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Buy Harmony Coin in India — Step by Step guide for beginners

Harmony is a multi-asset, collectibles, identity, and governance platform. Its mainnet supports Ethereum applications with 2-second transaction completion and 1000 times lower fees. Its secure bridges facilitate cross-chain asset transfers with Ethereum, Binance, and three other chains.


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Anubha Singh

4 months ago | 1 min read
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How to buy Harmony(ONE) Coin in India?

Harmony is a multi-asset, collectibles, identity, and governance platform. Its mainnet supports Ethereum applications with 2-second transaction completion and 1000 times lower fees. Its secure bridges facilitate cross-chain asset transfers with Ethereum, Binance, and three other chains.

What is Harmony(ONE) Coin?

Harmony solves existing blockchain problems by combining the best research results and engineering practice in an optimally tuned system. Harmony is a blockchain platform designed to make the development and deployment of decentralized applications easier (DApps).

The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows for the creation of blocks in seconds. Harmony is a next-generation sharding-based blockchain that is fully scalable, provably secure, and energy-efficient

Key elements of Harmony(ONE) Coin include:

  • Fully Scalable: Harmony, like Zilliqa, shards the blockchain state as well as network communication and transaction validation. As a result, Harmony is a blockchain that is completely scalable.
  • Secure Sharding: Harmony’s sharding process is provably secure thanks to the distributed randomness generation (DRG) process, which is unpredictable, unbiased, verifiable, and scalable. Harmony also re-shards the network in a non-disruptive fashion to protect against byzantine adversaries that adapt slowly.
  • Efficient and Fast Consensus: Harmony, unlike other sharding-based blockchains that use PoW to select validators, is based on PoS and thus consumes less energy. Consensus is achieved by a linearly scalable BFT algorithm that is 100 times faster than PBFT.
  • Adaptive-Thresholded PoS: The number of stakes required for a node to join the network is adjusted based on the total volume of staking so that malicious stakes cannot concentrate their power in a single shard. Furthermore, the threshold is set low enough that even small stakes can participate in the network and earn rewards.
  • Scalable Networking Infrastructure: Using the Adaptive Information Dispersal Algorithm, Harmony can quickly propagate blocks within shards or across networks using RaptorQ fountain code
  • Consistent Cross-Shard Transactions: Harmony supports cross-shard transactions, with shards communicating directly with one another. An atomic locking mechanism is used to ensure the consistency of cross-shard transactions.

Buy Harmony in India

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