Harmony Wallet that is a browser extension, is the official solution for storing the token. For storing One token, there are multiple choices available for users. Traders can trade ONE token with other cryptocurrencies and fiat money in major exchanges like Binance, Huobi, Gate, WazirX, Kucoin, Bitmax, Bistonic, Vitex, and Hitbtc. It is also the financial initiative for governing community, Pangaea. The native token in Harmony blockchain is called ONE and acts as an operational and governing coin in the community. The EPoS system in Harmony makes it more decentralized and supports features like stake delegation, reward compounding, and double-sign slashing. The Fast BFT (FBFT) mechanism in the underlying structure makes it possible for low transaction fees in this blockchain. The consensus procedure in Harmony is based on innovation from the development team called Byzantine Fault Tolerance (PBFT) which results in faster consensus for block transactions. This blockchain uses various security components to prevent attacks on the network. This technology has been proved for scaling without compromising decentralization and security. The most important aspect of this project is using sharding as the scaling technology. The community that governs nodes in this blockchain is called Pangaea. Harmony Project provides a blockchain structure with an open network of nodes for decentralized applications. Stephen TSE, Rongijan Lan, Nick White, and Sahil Diwan are some of the members. The team behind Harmony – that call themselves Harmonauts – consists of multiple software and blockchain engineers from major universities and companies around the world. Harmony uses the slogan “To scale trust and create” for marketing. The mainnet, launched in 2019, consists of four shards, each having 1000 nodes that produce blocks in eight seconds. The blockchainuses Effective Proof-of-Stake as the underlying technology. Harmony is a public blockchain with sharding infrastructure that focuses on speed and security in decentralized applications.
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