Cryptocurrency Q&A
What chain is Harmony One on?
What chain is Harmony One on?
Arianna
Wed Jun 19 2024
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7 answers
1704
Excuse me, could you please elaborate on the underlying blockchain technology that Harmony One is based on? I'm curious to know if it utilizes a traditional proof-of-work consensus mechanism or if it has opted for a more sustainable solution like proof-of-stake. Additionally, how does Harmony One's chain compare to other major blockchains in terms of scalability, transaction speed, and energy efficiency? Your insights would be greatly appreciated as I'm considering investing in this project.
7 answers
CryptoLord
Fri Jun 21 2024
Altcoins, recognizing this limitation, are exploring innovative scaling solutions to challenge Ethereum's dominance in the market.
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CryptoWarrior
Fri Jun 21 2024
Harmony, a Layer 2 Ethereum blockchain platform, revolutionizes the way developers approach decentralized app creation.
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Maria
Fri Jun 21 2024
These altcoins aim to provide more cost-effective and scalable platforms, ultimately aiming to dethrone Ethereum from its position as the most well-known decentralized app platform.
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Lorenzo
Fri Jun 21 2024
Its simplified framework enables swift and efficient development, addressing the complexities often associated with blockchain-based projects.
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SamuraiHonor
Fri Jun 21 2024
Among these emerging exchanges, BTCC, a UK-based cryptocurrency exchange, stands out for its comprehensive services.
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