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Harmony is an open blockchain that runs Ethereum applications with 100 times lower fees and quick transactions. Its secure bridges help the users with the cross-chain asset transfer. The native token of Harmony is ONE, which allows the users to participate within the ecosystem to perform various actions. The maximum supply of Harmony coin is 12.6 billion, out of which 9,486,327,268 coins are already circulating in the market.
Founded by Stephen Tse, Harmony's strength is its fast consensus with instant finality. For this, it has the innovation on the Practical Byzantine Fault Tolerance, which allows the immediate consensus. The transaction fee on the platform is due to its fast BFT innovation. The platform uses Boneh-Lynn-Shacham signatures for committing the blocks in a single round of consensus messages.
Launched in 2019, Harmony Mainnet has produced more than 450,000 transactions and more than 30 million blocks. Harmony utilizes a novel proof-of-stake algorithm for the purpose of the network, which fairly distributes the rewards and reduces the centralization. The network aims to facilitate the use and creation of DApps by innovating the way of their work.
Harmony Mainnet revolutionalizes block creation by focusing on the processing speed. Also, it introduces the Verifiable Random Function for protecting the nodes and securing the validation process.
The market price of ONE, at the time of writing, is $0.09654 after an increase of 8.42% in a single day. Its price has increased almost 23.44% within a week, making its market ranking #83 in terms of market capitalization. It had its all-time high at $0.22 on March 29th, 2021. Keeping in view its all-time graph, the price of Harmony can grow nearly 80% very soon. The token can be easily purchased on the top exchanges, including Binance, Huobi Global, and Mxc.com.
Considering its long-term potential, Harmony has a huge potential to grow beyond its all-time high. It is expected to increase by more than $1 by the end of the year. ONE is indeed an undervalued cryptocurrency whose price can again hit its all-time high in the coming future. Considering its vast potential, Harmony can be a great deal for long-term investors.