If you're looking to swap Harmony, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Harmony or some fresh information about one’s price movements. And, of course, we provide you with the multiple Harmony exchange options so that you can choose the offer with the best rates and lowest Harmony fees, as well as other parameters that suit you.
Harmony Price Stats
Harmony Price Chart
Here you can see the current price of Harmony, as well as Harmony price history.
What is Harmony?
Harmony (ONE) is a native token on the Harmony platform — a solution aimed to provide scalability for the blockchain developers, to give them tools to build and deploy their dApps. Harmony was founded in 2017 by Stephen Tze, who had previously worked for Microsoft, Google, and Apple.
To provide scalability, Harmony uses sharding — a technology splitting the network into segments, or shards. All of the shards can validate their own set of transactions simultaneously, thus improving speed. Moreover, this setup is secured using the modified Byzantine Fault Tolerance algorithm based on Effective Proof-of-Stake (EPoS) consensus protocol, unlike some other blockchain platforms that use sharding but employ Proof-of-Work. This also helps speed up block confirmation, resulting in transaction finality times of about 2 seconds.
As an additional security measure, the choice of nodes for the shards is made using a Verifiable Random Function, which makes it unpredictable. Therefore, the shards forming process is supposed to be resistant to collusion by malicious actors. There is also a re-sharding process in place, changing the configuration of nodes in the shards regularly and minimizing the possibility of corrupting a shard over time.
ONE token is used for staking by validators, to vote in the consensus, with penalties in place for the dishonest nodes. Honest validators also get rewards for their participation in securing the system.
A Simple Way To Exchange Harmony Here At SwapSpace
Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.