Cryptocurrency Q&A
Is Harmony One built on ethereum?
Is Harmony One built on ethereum?
Maria
Thu Jun 20 2024
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7 answers
1459
Could you please clarify if Harmony One is indeed built on the Ethereum blockchain? I've heard some discussions suggesting that it leverages certain technologies from Ethereum, but is it truly a fork or an independent blockchain? If not, how does Harmony One differ from Ethereum in terms of its consensus mechanism, scalability solutions, and overall ecosystem approach? Additionally, how does it aim to solve the issues that Ethereum currently faces, such as high transaction fees and network congestion? Clarifying these points would greatly assist in understanding the unique positioning of Harmony One in the cryptocurrency landscape.
7 answers
HanbokGlamourQueenEleganceBloom
Fri Jun 21 2024
One such vertical is DeFi, where Harmony ONE's blockchain provides a robust and scalable foundation for financial applications.
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BlockchainLegendary
Fri Jun 21 2024
NFTs, or non-fungible tokens, are also a prime focus for Harmony ONE, offering creators a secure and transparent platform for their digital assets.
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SeoulSoul
Fri Jun 21 2024
Harmony ONE is a blockchain platform that boasts 100% compatibility with Ethereum's EVM.
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Chloe_martinez_explorer
Fri Jun 21 2024
Gaming is another vertical where Harmony ONE shines, enabling the creation of decentralized games with unparalleled scalability and performance.
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KatanaBlade
Fri Jun 21 2024
This compatibility allows Harmony ONE to leverage the vast Ethereum ecosystem of developers and tools.
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