Harmony 24 Hour Volume Reaches $10.79 Million (ONE)

Harmony (ONE) traded 2.4% higher against the US dollar during the 24-hour period ending at 19:00 PM E.T. on May 26th. Harmony has a total market cap of $205.93 million and $10.79 million worth of Harmony was traded on exchanges in the last day. During the last week, Harmony has traded 8.3% lower against the US dollar. One Harmony coin can now be bought for about $0.0155 or 0.00000058 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 1.2% against the dollar and now trades at $0.33 or 0.00001245 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded 1.9% lower against the dollar and now trades at $0.0017 or 0.00000006 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.3% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
• Lego Coin (LEGO) traded 25.2% higher against the dollar and now trades at $0.0198 or 0.00000074 BTC.
• Belrium (BEL) traded up 0.5% against the dollar and now trades at $2.56 or 0.00009580 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.

Harmony Profile

Harmony (ONE) uses the hashing algorithm. Its launch date was April 16th, 2018. Harmony’s total supply is 13,907,653,664 coins and its circulating supply is 13,287,028,664 coins. Harmony’s official Twitter account is @harmonyprotocol and its Facebook page is accessible here. The official website for Harmony is www.harmony.one. Harmony’s official message board is medium.com/harmony-one. The Reddit community for Harmony is https://reddit.com/r/harmony_one/ and the currency’s Github account can be viewed here.

According to CryptoCompare, “Harmony provides a high-throughput, low-latency and low-fee consensus platform designed to power the decentralized economy of the future. It plans to address the issues faced in other blockchain ecosystems through the use of the best research and engineering practices in an optimally tuned system.

The technical focus of the project is on resharding and secure staking with decentralized randomness. Harmony also implements optimal cross-shard routing and fast block propagation.

Effective Proof-of-Stake (EPoS) is a staking mechanism in a sharded blockchain that achieves both security and decentralization. EPoS allows staking from hundreds of validators and the unique effective stake mechanism reduces the tendency of stake centralization.

Unlike proof-of-work (PoW) consensus mechanisms, EPoS is designed for faster processing times and improved scalability. While PoW requires a lot of electrical and computing power, staking consensus methods rely on an abundance of value holders, who become validators. To ensure the protection of nodes and secure the validation process, Harmony introduced the Verifiable Random Function (VRF) for unbiased and unpredictable shard membership. This means that nodes and validators are assigned and re-assigned in a randomized manner.”

Buying and Selling Harmony

It is usually not possible to purchase alternative cryptocurrencies such as Harmony directly using US dollars. Investors seeking to acquire Harmony should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Harmony using one of the exchanges listed above.

ONE/USD price chart by TradingView