Blockchain and the Environment: Can They Live in Harmony?
It is a widely acknowledged fact that many blockchains require large amounts of electricity to operate securely. This downside is primarily associated with blockchains that use the proof-of-work (PoW) consensus mechanism — since they require large networks of power-hungry cryptocurrency mining rigs to work together to ward off attacks. According to current estimates, the Bitcoin […]
Related News
Harmony (ONE) is a new blockchain network that is gaining traction as more developers and crypto investors become aware of its features. Is Harmony ONE a good investment?Investing is a very personal endeavor. Do your own research and try to stay on top of any advances in the Harmony ecosystem that might help it grow.Although there is still much to be done, the Harmony project has been considered a solution to poor scaling and interoperability and a useful foundation for DApp developers to scale their apps and transactions. Harmony aspires to be a top crypto network known for its speed and....
Decentralized finance (DeFi) protocol VenomDAO has announced the launch of its latest product, Comfy Money. VenomDAO, which has been accelerating DeFi adoption on the Harmony ecosystem, introduced the product to add more use cases to the network. Comfy Money allows projects on the Harmony ecosystem to easily access liquidity in a secure environment. Comfy Money’s […]
Since deploying natively on Harmony’s blockchain in May, Sushi is now deepening its collaboration with Harmony after revealing plans to bring its full decentralized finance (defi) product stack onto the blockchain with accompanying incentives designed to drive greater participation. Meanwhile, decentralized exchange (dex) competition continues to swell. Partnership Expansion Accompanies $4 Million in Incentive Campaigns On Thursday, Harmony, a proof-of-stake (PoS) blockchain network focused on cross-chain transactability, unveiled a decision to broaden the partnership agreement with....
According to a PeckShield report, The Harmony attacker has already mixed more than $12 million through the protocol, and they’re sending 100 ETH to Tornado Cash every six minutes. On Thursday morning, the proof of stake blockchain “Harmony” disclosed that $100 million worth of cryptocurrency had been stolen from its Horizon bridge. Related reading | Breaking: […]
Harmony price surged in February after adding a trustless Ethereum bridge to avoid high gas fees. Since the start of February, Harmony (ONE) has rallied by 230% and while the proof-of-stake smart contract platform benefited from Ethereum’s skyrocketing gas fees, the recent meteoric rise appears to be driven by more fundamental factors.Harmony (ONE), ATOM, SOL, NEAR, OMG at Binance. Source: TradingViewAlthough other scaling-focused solutions such as Cosmos (ATOM), Solana (SOL), NEAR, and OMG also rallied during the same time period, Harmony's performance stands out. Harmony is a sharding....