Hello everyone, I will introduce the project Rima 98 Harmony, if you are interested in joining the Harmony project, let's look at the following review
Harmony is a high-volume blockchain project that aims to turn the world into an open market and support the economy of decentralization that will come by operating at a very high level. The Harmony Group aims to provide consensus protocols through open internet, which can facilitate 10 million transactions per second (TPS) with a delay of 100 milliseconds and a maximum cost of 0.1%.
Use of Blockchain
The Blockchain technology is a central part of the Harmony project, because the team aims to build a high-performance platform infrastructure that can be scaled.
The Need for Custom Tokens
While the whitepaper does not elaborate on the need for special tokens, it states that Harmony builds an open market for a decentralized economy. The team sees their platform as a gateway for micro transactions and online businesses, and as a result the original currency will be used to help facilitate this.
In addition to being designed to support a market for measurable content or fractional work, and processing transactions between IoT devices, Harmony tokens must be used to reward network participants for performing a number of tasks on the network.
The team outlines several areas of concern and their methods for dealing with it; this includes the problem of high churn fractions for Omni Hedger and Chainspace. Churn occurs when network nodes are temporarily offline or unresponsive, and Harmony follows The Honey Badger from the BFT Protocol; because the random consensus helps reduce the problem of churn.
In addition, the selection of private leaders and quick display changes was proposed as a defense mechanism for single shard DoS attacks, and OmniLedger optimizes ByzCoin by reusing random seeds to select group leaders. In addition, the team has also developed Min, a Harmony subproject which is a new language for programming software with guaranteed security that can lead to systems that cannot be assembled. This involves designing static types with concise syntax as security specifications, analyzing decentralized protocols in the formal model, and creating codes that are optimized across the network.
The OmniLedger protocol remains a strong foundation of the project and is currently able to process 13,000 tps with 1,800 nodes. As a result, Harmony seems to be using a large number of nodes and the team has outlined working with 10,000 nodes in Q2 2018, while the network is set to be used for 100,000 nodes at a time in 2019.
Storage and / or Mining
The team stated that during Q4 2018 public mining of Harmony tokens will be announced alongside testnet.
We believe scalability requires optimization across multiple layers. Our full stack approach applies 10x innovations in networks, systems and consensus algorithms.
Protocol Consensus Protocol
Our consensus is to use design principles such as sharding and pipelining to parallel transaction processing. This allows us to effectively handle connection latency and allow our throughput to scale to the size of our network.
We are developing a lean kernel specifically for missions to run our protocol with improved CPU performance and security. This will also allow wider devices to participate in consensus for a more decentralized network.
We implement network engineering techniques for smarter message propagation and faster consensus formation. Understanding the network topology allows us to run a very concurrent protocol.
Harmony for One and All
After working in some of the best technology companies, we together solved the most interesting technical problems. We share an entrepreneurial spirit, and hunger to create important solutions.
Our mission is to bring open consensus to 10 billion people. This is something that we will tell our grandchildren, and we want to have fun making it happen.
The team aims to build platforms that operate significantly faster and cheaper than Bitcoin and Ethereum, and can operate on the same scale as Google. Therefore, they were formed to rebuild a decentralized economy by focusing on and innovating several key components, including:
- Traffic network - UDP table, Bloom from Google, 5G mobile.
- Consensus Protocol - Byzantine commissions, acyclic charts, exclusive fees.
- System tools - Unikern, multi-core in Rust, transmits without copying.
UDP Google currently offers 35% of traffic (or 7% of the Internet) with latency increasing by 50%, while the OmniLedger Byzantine protocol is up to 13,000ps and a 1.5 second delay with 1,800 servers. In addition, Unikernels in Rust stores 10 million concurrent connections on 96 standard core machines on Amazon Cloud, so the Harmony group feels that by using technical enhancements to proven structures in research and deployment they will be able to create high-speed, low-cost blockchain infrastructure that able to support real world industry.
Harmony has also outlined a number of important benchmarks including transaction costs of up to 0.1%, to support new markets for measured content or segment work. In addition, because infrastructure is proposed for world fire data, their bandwidth must be expanded to 10 jutaps to be able to process data from IoT supply chain devices and financial institutions. main network or energy. Most importantly, the platform must deal with agreements in 100 milliseconds to support direct responses to autonomous robots or offers on chains in exchange.
Minimum / Maximum Amount to Increase
Information will be announced.
Sales & floating: 20% tokens (40% without locking, 10% every month for 6 months; for bonuses, 100% released after 1 year locking)
- $ 0M - $? M: 40% bonus, round seed
- $? M - $? M: 20% bonus, initial personal sales
- $? M - $? M: 0% bonus, final sale (public or private)
- Sales & floating: 20% tokens
- Developers & communities: 40% tokens (28% 1 year locking, 1.5% every month for 4 years) - Open benchmark, mining, airdrops
- Foundations & research: 28% tokens (28% without locking, 1.0% monthly for 6 years - Reviewing publications, research funds,
- Founder & reserve team: 12% tokens (locking 28% a year, 2% every month for 3 years)
Investors in this project will only be allocated 20% of all tokens on the low side. However, the community will share up to 40% of all tokens available with the project developer which means that there may be additional ways to get tokens by participating in the project. Foundations and teams allocate around 40% which illustrates that the team aims to exercise significant control over the project. Potential potential sales participants also need to know what percentage of the tokens sold will be available to private sales participants.
Quality of Campaign Strategy
The team is scheduled to collect the initial round of funding in Q2 2018, and they are currently in the process of getting additional funds through personal sales. The details are unknown because the hard cap is still not confirmed. It's hard to know exactly how long personal sales will occur and how the team will carry out their campaign strategy after the date crowdsale is confirmed.
- Symbol Token: TBACrowdsale Token Price: TBA
- Hard Cap: TBA
- Maximum market capitalization at the ICO is based on full dilution: TBA
- Total Tokens For Sale: 4,200,000,000 (20% of Total Supply)
- Date of Sales Token: TBA
Find out more about the project here: