Harmony - Introduction, Analysis and Evaluation of Projects
Introduction to Harmony https://harmony.one/
Harmony is a high-volume blockchain project that aims to turn the world into an open market and it supports the upcoming decentralized economy by operating at extremely high levels. The Harmony group aims to provide a consensus protocol over the open internet, which can facilitate 10 million transactions per second (TPS) with a delay of 100 milliseconds and a maximum charge of 0.1%.
The team aims to build a platform that operates significantly faster and cheaper than both Bitcoin and Ethereum, and can operate on the same scale as Google. Therefore, they are set up to rebuild the decentralized economy by focusing on and innovating some of the existing key components, including:
- Traffic network - UDP table, Bloom of Google, mobile 5G.
- Consensus Protocol - Byzantine Commission, acyclic graphs, exclusive fees.
- System tool - Unikernels, multi-core in Rust, transmitting without copying.
Google UDP now offers 35% of traffic (or 7% Internet) with 50% latency improvement, while the OmniLedger Byzantine protocol is standard at 13,000ps and 1.5 seconds delay with 1,800 servers. In addition, unikernels in Rust store 10 million concurrent connections on standard 96 core machines on Amazon Cloud, so the Harmony group feels that by using technical improvements for proven structures in Research and deployment they will be able to create a high-speed and low-cost blockchain infrastructure capable of supporting real-world industries.
Harmony has also outlined a number of important benchmarks including a transaction fee of up to 0.1%, to support new markets for measured content or segment work. Moreover, because the infrastructure is proposed for world fire data, their bandwidth must be extended to 10 millionps to be able to process data from IoT supply chain devices and financial institutions. main or energy grid. Most importantly, the platform must deal with deals within 100 milliseconds to support immediate responses to autonomous robots or quotes on the chain in exchanges.
About the product
Ready for the product
The group released a public Github page with the MIT open source license. Min 's development (exclusive programming language of Harmony) can be viewed, the security verification programming language eliminates the common dependence of the library or system tool. The compiler is currently manually bootstraps under x86-64 instructions and development support in MacOS. The group also stated that Min compiled into the Java VM without any third-party tools in an unpublished repo.
In addition, the group was scheduled to confirm that the OmniLedger protocol in Go could maintain 10,000 shots and adverse attacks with 10,0000 nodes in the second quarter of 2018. They were also scheduled to advance. up with the establishment of a team of 5 engineers and money guarantee through a seed loop. The project is currently hiring new engineers and seems to have secured a $ 18 million grant so everything seems to be moving as planned.
Two additional validation benchmarks have been set for the third quarter. The group is verifying that the algorithms are not locked and distributed in Rust linearly on a 96-core kernel on Amazon Cloud and that Google UDP maintains 100ms latency broadcasting with 10,000 nodes and 10 Gbps links saturation. Once completed, the group is also scheduled to open a public benchmark for up to 10,000 nodes in the third quarter of this year.
Space in the market & competitive landscape
Harmony is trying to provide a high potential blockchain infrastructure to expand and handle high-speed transactions at low cost. As a result, the project faces competition from platforms seeking to do the same things as EOS, Cardano, Hashgraph and Zilliqa. There are also high-performance Blockchain projects, Dfinity and Seele are dealing with similar issues and Harmony is entering a fairly crowded field that will only continue to attract participants. The team claims that the ability to effectively implement and improve existing systems like the OmniLedger will help them gain a competitive advantage over competitors. They often seek to master proven innovations in practice and focus on key components of the transport network, consensus protocols and system tools.
Pricing of competitors:
- EOS, worth $ 14B.
- Zilliqa, worth 700 million dollars.
- Hashgraph, an increase of $ 300M.
- Thunder, worth $ 100 million.
- Dfality, an increase of $ 100M.
- Kadena, has earned 12 million dollars.
- Algorand, has raised 4 million dollars
Scale of potential market
Despite the existence of a significant number of projects aimed at solving similar problems, there is still a big market for targeted Harmony groups. Scalability is still an important issue in the blockchain economy and any project that can solve problems and attract users to their platform will experience appreciation of value.
Harmony plans to compete with projects like EOS currently worth $ 10 billion, Zilliqa worth about $ 700 million and Hashgraph worth about $ 300 million. In addition, projects such as Dfinity, which have sought to mobilize about $ 90 million in their ICO, show that the field of high-volume blockchain is one of the larger segments of the industry that is always capable of making money.
Because the issue of producing a high-performance blockchain that can operate in the real world has not been resolved, the Harmony platform will be a viable option for the commercial technology world if the group can fulfill its promise. mine .
Innovation & Intellectual Property
Harmony is operating as a fully open source project and has provided full code to view at Github for native X86-64 / JVM compiler and the open development community.
Basic information about ICO and Token
ICO time: no crowdsale. Only round seeds and TWO individual rings
Sold separately: Quarter 3-2018
Token: HAR (unofficial)
Type of token: it is possible to use ERC-20 during the sale period, with switching to the private wallet when launching
Hard hat: $ 30 million (unofficial)
Price: No data available
Minimum investment: No data available
Bonus: up to 40%
Bonus: 40% within seed, 20% in first sale and 0% for second sale.
Accepted: ETH
No participation: No data
Distribute token
Distribute token:
20% sales and floating
40% Developer & community (benchmark open, exploit, airdrops)
28% Foundation & research (publication of reviews, research grants, reserves)
12% of founders & groups
Use of mobilized capital:
40% for the technical development of the protocol platform
20% for community participation, developer programs
15% for marketing, business development
10% for cloud operations, devices, and servers
10% for collaboration with academic research
5% for compliance, legal, financial
Protection measures against depreciation token
Sales & floating token: 40% not locked, 10% monthly for 6 months; Release 100% after 1 year lock.
Token for developers and community: 1 year course 28%, 1.5% monthly for 4 years.
Platform and research token: 28% unbound, 1.0% monthly for 6 years.
Founder & group token: 1 year 28%, 2% monthly for 3 years.
Find out more about the project here:
Website: https://harmony.one/
Twitter: https://twitter.com/PcorePCC
Telegram: https://t.me/harmony_one
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