SUMMARY
The 123swap Platform has a cross-chain architecture, uniquely decentralized and non-custodial, has announced a new integration with OEC previously known as OKExChain.
123swap is an ecosystem of decentralized finance which allows its users a perfect peer-to-peer swapping of crypto assets. The 123swap platform works with the help of smart contracts, making swapping quick and automated. Decentralized finance management can quickly be promoted by using smart contracts. The interface of 123platform is user-friendly and simple; throughout the process of transactions, a constant rate is maintained, no issues of security, cross-chain one window, and the platform provides a broad range of crypto assets. Several blockchain projects are supported easily just because of the cross-chain framework of 123swap;
123swap is a fast growing cross-chain DeFi, adding 1-2 new blockchains every week. Now, 123swap adds Avalanche, Polygon, Binance Smart Chain, Fantom, and Ethereum, OEC, Moonriver, Harmony one. Soon, 123swap platform will add more blockchains like Heco Eco chain, Gateway chain, Shiden Network, Solana, Cardano, KCC chain.
What is Harmony (ONE)?
Harmony is a layer-2 protocol that seeks to help dApps in scaling up by offering faster and cheaper settlements. The production mainnet supports 4 shards of 1,000 nodes, which produce blocks in two seconds.
Harmony’s mission is to create an open network of nodes, governed and operated by a large community. This node community is referred to as Pangaea. The platform deploys an Effective Proof-of-Stake (EPoS) protocol, which helps to reduce centralisation and increase transaction speeds.
In line with thousands of Ethereum and Bitcoin nodes, 800 Harmony nodes are run by the community. Pangaea gathers validators from over 100 countries.
What makes Harmony so special? Focusing on validation and processing speed, Harmony strives to make block creation faster to support scalability. The sharding process, introduced by the developers, significantly cuts down the time needed to validate a transaction.
Harmony’s website defines it as a “sharding protocol with a trustless Ethereum bridge”. A sharding protocol is a database partitioning technique used by blockchain companies to upscale and conduct more transactions a second. Sharding improves the network speed by splitting it into separate ‘shards’.
In practice, Harmony helps businesses to create marketplaces for fungible token usage (for example, energy credits or loyalty points) and non-fungible assets (such as in-game digital assets). In summary, Harmony is an efficient layer-2 protocol for decentralised applications built on Ethereum and other infrastructure blockchains.
The Harmony blockchain is powered by its native ONE token, which enables users to operate within the ecosystem and serves as a means of payment for various activities.
The ONE token performs three major functions:
- It is used as a stake for the EPoS consensus model, enabling stakeholders to earn block rewards.
- The token is used to pay transaction fees, storage and gas fees.
- ONE is used to govern the protocol. It gives token holders voting rights.
Harmony was launched in May 2019 via an initial exchange offering (IEO) on the Binance Launchpad. In September 2019, the cryptocurrency was trading at $0.083 — it finished the year at $0.0046. In 2020, the ONE token was hovering within a range of $0.0025 — $0.010. Upward momentum began in 2021.
We aim:
To build the next generation financial ecosystem, leveraging blockchain technology.
To expand the use of cryptocurrencies for purchases and payments throughout the business world.
To remove financial barriers, develop the global economy and change the world for the better.
To create a seamless user experience by providing access to the entire crypto market in one place, without ever compromising private keys. Control the 123swap platform by voting at 123gov.
Join us!
#123swap #Exclusive #Crypto #Trading #CryptoTrading #Technology #Tech #Trending #Blockchain #Publicsale #Okex #Okexchain #Tokensale #OEC
Website — https://123swap.finance/
Twitter — https://twitter.com/123swapfinance
Telegram — https://t.me/my123swap_chat
Reddit — https://www.reddit.com/r/123swap/
Discord — https://discord.gg/arNbvrPgZx
AUTHOR
Srikandi88
https://bitcointalk.org/index.php?action=profile;u=3334477
Wallet Address:
0xeE5B30322D47Ad39F21BB2F759cDfd4BA5f46feb