Harmony One Explained

What’s Harmony and how does it work

What is Harmony One?

To answer this question we have to first understand what motivated the creation of Harmony One. Ethereum had been around for a couple of years, and people in the space understood its true potential, but, at the time, Ethereum just wasn’t good enough.

So they set out to make a chain that is fast, decentralized, and very secure and that would scale to potentially billions of people using many different products.

Harmony One is very serious about speed. They announced that transactions were achieving finality within two seconds at a maximum, and usually taking finality around one second: significantly faster than most blockchains.

Finality is the technical term on which everyone in the network agrees that your transaction is confirmed and cannot be undone. Harmony One achieves this quick finality by letting people who validate blocks combine messages across the network, which reduces the amount of CPU power required and increases overall speed. They also use something called “block proposal pipelining” which is a term for letting the networks start validating blocks before other ones are technically finished.

Speed is great, but usually, it takes some shortcuts that can potentially be seen as security…