Harmony is attempting to provide a blockchain infrastructure with a high potential for scaling and processing transactions at a high speed for a low cost. As a result the project faces competition from platforms that seek to do similar things such as EOS, Cardano, Hashgraph, and Zilliqa. There are also projects such as High Performance Blockchain, Dfinity, and Seele that are addressing similar issues, and Harmony is entering a rather crowded sector that will only continue to attract further participants.

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