HARMONY PLATFORM THAT INTRODUCES LOW LATENCY AND HIGH SCALABILITY TO THE WORLD OF FINANCE.

          INTRODUCTION

The progress of the blockchain would never be complete if it still has scalability issues. Although the Innovation has succeeded in overcoming so many challenges and crossing many hurdles from the day of inception till this very present moment, there is still something that holds it back from enjoying massive adoption and that is the lack of full scalability which makes it not up to the standard of many scalable systems. This lack is what rates many payments services like MasterCards and Visa above it and right now it is being affected by this limitations. Although the blockchain was at first very secured but it wasn't fast. Later on that ETHEREUM came up, it did something about scalability and then lagged in security which is also an important feature. The users of this innovation will definitely not get the best from it if one feature is present and then another is lacking and as such it is important to sought for a way to achieve perfection. On the quest to do that, Harmony was discovered.

     HARMONY PLATFORM

The possession of so many tools and solution to the entire problems of the blockchain makes this an acceptable project with the right standard. It solves scalability issues through Sharding by Zilliqa which raised the transaction time per seconds to about many thousands and automatically improve the nodes by numbers. This is an interesting infrastructure that cannot be undermined because of the role it plays in the ecosystem. The principle of Sharding is what makes the platform able to conquer the issues with scalability and then it makes the solution run up until the coming generations and it makes the project an exciting one people would love to look out for.

This platform has a consensus process that aligns nodes together and making them work together. This is what makes the platform able to achieve greater throughput and a high level of parallelized transaction processing, that all function as a tool of decentralisation.

     THE OPERATIONS OF HARMONY

The platform makes use of a special consensus protocol that is known as the Practical Byzantine Fault Tolerance which is a protocol that aids the proper functioning of nodes and make all validators nodes a part of the network such that there must be consensus between them all. The way this protocol works makes it quite unique because it allows all validators to vote and then from there it is able to know how much nodes at work through the O(n*n) mathematical algorithm although it will be useless if the number of node is in excess of 100.

Then another consensus algorithm comes into play in contrast to the first one just mentioned. This one is called the FBFT and it keeps the votes of validators to itself while giving the leader node the overall ability to handle the nodes of the validators and have their signatures to be broadcasted. Through this protocol, users can stake and then they get the results of their stakes with those ones that stake more having greater winning chance than others. This is a way of incentivizing the users and also controlling what is done in the system.

There are some other side chains that supports the deep sharding process. They take active part in the transactions done in the system and cannot be replaced in the ecosystem. The beacon and the shards chains are the two that are actually the process of the system. They both have different purpose with beacon having two roles to play in providing DRG numbers at random and for taking control of the staking process from the validators that are involved. It takes an active part in securing the ecosystem and making sure no manipulation takes place. The shards is in charge of validations of all the transactions and also making sure that all those who actively participate in the platform as a block header. They both ensure the progress of the platform and work together as one.

At first when the team thought of constructing such an amazing platform as this, they never thought it will be as realistic as this but so far, it has gained so much momentum to progress with bringing forth the perfect scalability for users and improving the structure of the blockchain to give room for more activities that will benefit the stakeholders.

            HARMONY ROADMAP

           CONCLUSION

Now Harmony will grow to become the perfect ground where all of the functions will be upheld and the limitations that has restricted the adoption will be clear off to give it the freedom to penetrate all the sectors globally and be seen as an innovation with a difference. This is what the team aims to achieve by coming up with Harmony, so we all have to be in line with it to keep the vision and make it possible for this goal to be accomplished.

USEFUL LINKS;
Website: https://harmony.one/
Telegram: https://t.me/harmony_one
Twitter: https://twitter.com/harmonyprotocol
LinkedIn: https://www.linkedin.com/company/harmony-protocol/
Instagram: https://www.instagram.com/harmonyoneprotocol/
Medium: https://harmony.one/blog/

AUTHOR'S DETAILS
Bitcointalk Username: Dannev
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1759759