Ever since the rapid adoption of Bitcoin/Ethereum and Blockchain as a whole, there have been several bottlenecks that are stopping it from reaching full adoption. There are a lot of experts out there claiming Blockchain to be the next big thing, and it's only a matter of time before it's so common that it becomes a thing of everyday use. So a decentralized economy is the future,
but we aren't ready for it yet.HarmonyThis is where Harmony caught my attention.; a revolutionary high-throughput,
low-latency, and
low-fee consensus platform designed to power
decentralized economies of the future. Harmony aims to scale to 1000x speed and capacity, powering the next generation of the decentralized economy. By doing this, it becomes accessible to 10 billion people and 100 billion devices;
a giant step taken to enable mass adoption.Learning from the best
With a team that has worked at the best tech companies out there like Google & Apple,
Harmony's team is using their knowledge to deliver scalability and decentralization. Decentralization being one of the most important pillars of blockchain is key and many projects have been able to achieve this, however decentralization in combination with scalability has proven to be much harder to achieve.
Much like the way Google approaches their search infrastructure, Harmony uses this approach - a full stack approach - to solve consensus at scale. By applying 10x innovations in every layer of their
consensus algorithms, systems and networks to enhance the performance of their network while maintaining their valuable decentralization. They are able to iterate faster and make more aggressive optimizations based on their end-to-end integration, which is outperforming a modular approach by a mile.
How are they planning to achieve this?Their consensus protocol uses design principles such as sharding and pipelining to parallelize transaction processing. This allows them to effectively handle connection latency and enables their throughput to scale with the size of their network.
Is Harmony the first team to try and achieve this? Absolutely not. But they do have a very good chance to achieve this where other teams have failed. The biggest reason why I think Harmony has a better chance than everyone else that tried before is their all-star team.
TeamHarmony consists of the perfect mixture of expertise in academic research, global-scale engineering, and long-term company building. This isn't just any team; several team members have contributed to building systems at the largest scale in the world's top tech companies. They've been working on exciting projects at Google Maps, Apple Siri, and AWS Infrastructure—and now came together to build Harmony.
An all-star idea with an all-star team, one would quickly think of this being an ambitious project with no chance of making it to the end goal, but by reading their whitepaper it becomes obvious that they know exactly what they are doing, as they say it themselves: their feet are on the ground as they shoot for the stars.
PS. They still have a few job openings in case you think you are the one to fit in this top-tier team on a mission.
RoadmapI for one will be definetly following this project closely and I've added their roadmap below for you to dig into. With their mainnet scheduled for Q3 2019, the future doesn't seem that far away after all.
ConclusionI've been rambling on about this project for far too long now, as this post was meant to be a short one to spark a discussion. I'm a big fan but very curious about your opinion; do you think Harmony will succeed in it's goal to create a high-throughput, low-latency, and low-fee consensus platform designed to power decentralized economies of the future?
More information about Harmony below, don't forget to check up on the team trough their Instagram either;
https://www.instagram.com/harmonyoneprotocol/
