Reddit Posts
Mentions
DRG, EDI, ELA (this one sucked the most incredible concept), ICX all down 90% from when I got in around 2017-2018
You're right, every project does have them. BTC bridge isn't completed yet, but is expected by the end of Q2 this year. That is when I think we'll see lots of movement with Harmony ONE. Ethereum bridge and BSC bridge are ***already complete***. FUD might be the newness of the project, but I believe it's countered by the experience of the team. They've had the opportunity to survey the field and improve on mistakes made by other projects. They have silicon valley connections, work history, and many with ivy league education R&D. Look into the background of Stephen Tse the founder and CEO. They have had a very lean, fast, and heads down approach to the start of their project and are now just coming to light. Sharding might be the other FUD, but that that is addressed by the Harmony team in their whitepaper (see below). This is from their [whitepaper](https://harmony.one/whitepaper.pdf) intro, but worth the read. You're welcome to comment any flaws or cons you find. I've pasted it here for your convenience (and everyone elses). "In 2014, Buterin et. al. \[27\] proposed a new blockchain infrastructure called Ethereum, which enabled developers to create various kinds of blockchain applications using “smart contracts.” However, Ethereum didn’t solve the scalability problem and, with its \~15 TPS, failed to support high-throughput applications such as gaming or decentralized exchanges. Given Ethereum and Bitcoin’s performance limitations, many blockchain projects proposed various solutions \[3,4,5,6,7,8,9,10,24,25\] that attempt to increase transaction throughput. Various blockchains \[3,4,5,6,24,25\] proposed to replace Proof-of-Work (PoW) consensus with Proof-of-Stake (PoS) consensus. Other blockchains like EOS use Delegated Proof of Stake (DPoS), where block proposers are elected by voting rather than by an on-chain algorithmic process. Projects like IOTA replaced the chain-of-blocks data structure with a DAG (Directed Acyclic Graph) data structure, which breaks the limitation of sequential processing of transactions. However, these proposed solutions cannot make significant performance gains without sacrificing other critical aspects, such as security and decentralization. The scalability solution that both preserves security and decentralization is sharding, which creates multiple groups (i.e. shards) of validators and lets them process transactions concurrently. As a result, the total transaction throughput increases linearly as the number of shards grows. Zilliqa \[12\] was the first public blockchain that proposed to address the scalability problem with sharding. However, Zilliqa's sharding approach falls short in two ways. First, it does not divide the storage of blockchain data (state sharding). This prevents machines with limited resources from participating in the network, thus curtailing decentralization. Second, Zilliqa’s sharding process is susceptible to a single-shard takeover attack due to its reliance on PoW as its randomness generation mechanism. We introduce Harmony, the next generation sharding-based blockchain that is fully scalable, provably secure, and energy efficient. Harmony addresses the problems of existing blockchains by combining the best research results and engineering practice in an optimally tuned system. Specifically, Harmony makes breakthroughs in following aspects: ● Fully Scalable: Harmony shards not only the network communication and transaction validation like Zilliqa, but also shards the blockchain state. This makes Harmony a fully scalable blockchain. 1 ● **Secure Sharding:** Harmony’s sharding process is provably secure thanks to the distributed randomness generation (DRG) process which is unpredictable, unbiaseable, verifiable and scalable. Harmony also reshards the network in a non-interruptive manner to prevent against slowly adaptive byzantine adversaries. ● **Efficient and Fast Consensus:** Unlike other sharding-based blockchains which require PoW to select validators, Harmony is based on PoS and thus energy efficient. Consensus is reached with a linearly scalable BFT algorithm that’s 100 times faster than PBFT. ● **Adaptive-Thresholded PoS:** The threshold of stakes required for a node to join the network is adjusted based on the volume of total staking in a way that malicious stakers cannot concentrate their power in a single shard. Moreover, the threshold is low enough so that small stakers can still participate in the network and earn rewards. ● **Scalable Networking Infrastructure:** With RaptorQ fountain code, Harmony can propagate blocks quickly within shards or across network by using the Adaptive Information Dispersal Algorithm. Harmony also adopts Kademlia routing \[37\] to achieve cross-shard transactions that scale logarithmically with the number of shards. ● **Consistent Cross-Shard Transactions:** Harmony supports cross-shard transactions with shards directly communicating with each other. An atomic locking mechanism is used to ensure the consistency of cross-shard transactions. By innovating on both the protocol and network layers, Harmony provides the world with a scalable and secure blockchain system that is able to support the emerging decentralized economy. Harmony will enable applications which were not previously feasible on blockchain, including high-volume decentralized exchanges, interactive fair games, Visa-scale payment systems, and Internet-of-Things transactions. Harmony strives to scale trust for billions of people and create a radically fair economy."
yep, i remember people telling me a couple months ago that i would lose money on DRG. look at me now, near tripled my money.
Holy shit that video. If they are actually pulling out handfuls of gold that pan alone is enough to feed an entire village in the DRG for like multiple generations. But we’re all know the majority of the money gained from this isn’t going to the people in the videos
For those of you looking for a hidden gem that's selling for under 3 cents: I have stolen this post from the **Harmony ONE** subreddit: Harmony is the next generation sharding-based blockchain which is fully scalable, secure, and energy efficient. Harmony addresses the problems of existing blockchains by combining the best research results and engineering practice in an optimally tuned systems. Specifically, Harmony makes breakthroughs in following aspects: 1. Fully Scalable: Harmony shards not only the network communication and transaction validation like Zilliqa, but also shards the blockchain state. This makes Harmony a fully scalable blockchain. 2. Secure Sharding: Harmony’s sharding process is provably secure thanks to the distributed randomness generation (DRG) process which is unpredictable, unbiaseable, verifiable and scalable. Harmony also reshards the network in a non-interruptive manner to prevent against slowly adaptive byzantine adversaries. 3. Efficient and Fast Consensus: Unlike other sharding-based blockchains which require PoW to select validators, Harmony is based on PoS and thus energy efficient. Consensus is reached with a linearly scalable BFT algorithm that’s 100 times faster than PBFT. 4. Adaptive-Thresholded PoS: The threshold of stakes required for a node to join the network is adjusted based on the volume of total staking in a way that malicious stakers cannot concentrate their power in a single shard. Moreover, the threshold is low enough so that small stakers can still participate in the network and earn rewards. 5. Scalable Networking Infrastructure: With RaptorQ fountain code, Harmony can propagate blocks quickly within shards or across network by using the Adaptive Information Dispersal Algorithm. Harmony also adopts Kademlia routing \[37\] to achieve cross-shard transactions that scale logarithmically with the number of shards. 6. Consistent Cross-Shard Transactions: Harmony supports cross-shard transactions with shards directly communicating with each other. An atomic locking mechanism is used to ensure the consistency of cross-shard transactions. These are some of the recent accomplishments which makes Harmony so special. 1. Harmony has finished it’s initial integration with the Coinbase Rosetta API specification — an open-source framework to simplify blockchain interactions. 2. Achieved 2 second block time. The two key ingredients for 2s block time/finality are validator signature aggregation and block proposal pipelining. Validator Signature Aggregation 3. Harmony is fully EVM compatible, already supporting Ethereum v1.9.9 Muir Glacier. 4. Ethereum-Harmony Horizon bridge, using which you can bring ETH and ERC20/HRC721 assets to Harmony and take ONE and HRC20/HRC721 assets to Ethereum, in a permissionless way. 5. Deploy smart contracts using Truffle and Remix. Ongoing: 1. Harmony is working on the fully trustless version of Horizon bridge which is going to drastically reduce the cost of the bridge. References: [https://harmony.one/whitepaper.pdf](https://harmony.one/whitepaper.pdf) [https://medium.com/harmony-one/launching-full-ethereum-compatibility-on-harmony-e181ed3c6a24](https://medium.com/harmony-one/launching-full-ethereum-compatibility-on-harmony-e181ed3c6a24) [https://medium.com/harmony-one/insights-on-integrating-the-rosetta-api-developed-by-coinbase-22be2029ccea](https://medium.com/harmony-one/insights-on-integrating-the-rosetta-api-developed-by-coinbase-22be2029ccea) [https://medium.com/harmony-one/2-seconds-block-time-on-harmony-mainnet-aba78ee5643f](https://medium.com/harmony-one/2-seconds-block-time-on-harmony-mainnet-aba78ee5643f)