Idea & Token
Do you think a blockchain supporting 5G technology is possible? Just to remind, 5G requires 100 billion connections, 1 ms latency, and 10 Gbps throughput. Harmony Protocol is going to become the first to meet the requirements and at only 0.1% fee. Take it serious. Harmony is going to create a new decentralized economy including marketplaces for 10 billion people and 100 billion devices.
The key technologies:
– Google’s UDP protocol with 50% latency improvement
– OmniLedger – a secure decentralized ledger based on sharding for extreme scaling
– Mosaic Pull-Reduce to process a trillion edge graph on a single 244-core machine using Hilbert-ordered tiling scheme for locality
The key features:
– Location Oracles – to locate mobile devices or IoT via GPS signals
– Decentralized Maps – to allow for creating DApps for long-tail, community-specific content or augmented reality games
– AI data marketplace – decentralized machine learning based marketplaces
A total supply is 21 billion tokens. The distribution is as follows: 40% – community and developers, 28% – foundation and research, 20% – sales and floating, 12% – team.
An absolutely top tech team. The project’s founder Stephen Tse has experience as a researcher in Microsoft, senior infrastructure engineer at Google, principal engineer on search ranking at Apple, previously founded the mobile search Spotsetter lately acquired by Apple. Add here engineers and researchers participating in developing Apple Siri, Google’s Play Store, Alibaba Cloud, having dozens of scientific papers. The team is supported by 6 advisors. All in all, an extremely impressive team.
A great project (though on its early stage) resolving the scalability and speed problems and being implemented by an absolutely top team. To understand its future just compare it with evaluation of their current competitors: EOS ($14 billion), Zilliqa ($700 million), Hashgraph ($300 million), Thunder ($100 million), Dfinity ($100 million), and Kadena ($12 million). Among disadvantages we note the necessity to engage community nodes. How successful it will be – it’s a question.
Top developers implementing a protocol for DApps to create a new generation decentralized economy based on 5G technology. A project that has no chances to fail.
Harmony ICO datesexport to calend
Harmony builds an open marketplace at Google-scale for the decentralized economy. This project aims to provide a consensus protocol over the open Internet at 10 million transactions per second with 100-millisecond latency and at most 0.1% fee.
Harmony’s goal is to be 1,000+ times faster and cheaper than Bitcoin and Ethereum. We are rebuilding the decentralized economy with 10x innovations in all components: transport network (Google’s UDP, Bloom tables, 5G mobile), consensus protocol (Byzantine committees, acyclic graphs, monopolist fees), and system tooling (unikernels, multi-core in Rust, zero-copy streaming).
We believe communication is the key to the future of humans and machines to create in harmony. As the gateway for microtransactions or online business, our fee must be at most 0.1% of the transaction value to support new marketplaces of metered content or fractional work.
As the infrastructure for the world’s data firehose, our bandwidth must scale to 10M tx/sec to support data from supply chain IoT devices or energy grids. Yet, all of the above must settle agreements within 100 milliseconds to support instant reactions for autonomous robots or on-chain quotes in exchanges.