• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Harmony Protocol Releases 2020 Review Report

by
January 14, 2021
in Uncategorized
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Harmony Protocol recently released its 2020 review report, highlighting its expansions, partnerships, and achievements.

In 2020, the focus of the Harmony Protocol team was to build a solid foundation for their ecosystem and network.

Harmony ONEs!

We look back on 2020 milestones on our network, engagement with broader blockchain ecosystems, and support for developers & partners.

We are excited to pursue the explosive growth this year to help drive the global fintech revolution.https://t.co/vqWOLGa3lE pic.twitter.com/pebmyJ8okk

— Harmony (@harmonyprotocol) January 6, 2021

The past year was productive for the team due to the support and engagement of their developers, validators, collaborators, stakers, and grantees. The report also looks at the 2020 progress and milestones on the Harmony ecosystem, the expansion of the network, and successful partnerships.

Related articles

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

April 11, 2021
Why ADA could run hotter than Bitcoin and make 10x gains

Why ADA could run hotter than Bitcoin and make 10x gains

April 11, 2021
Expansion of Harmony Ecosystem

The beginning of 2020 ushered in the launch of their native token, ONE. The launch was associated with major wallet and exchange partnerships, and preparations for open staking began at that point. Following the launch was the extensive testing engagement on the Pangaea testnet with their Stake Heist.

The testnet brought over 1,000 engagements from individual stakers, and this was a milestone for the team. In May, Harmony became the first public blockchain to carry out a successful staking launch on a sharded network. Also, the Harmony team launched their Horizon bridge to Ethereum. This will enable users to easily bridge their Ethereum assets to Harmony.

Since Harmony launched Horizon, the team has been working to upgrade it to a higher version. This upgrade will help to optimize Horizon as a trustless bridge that is gas-efficient. The Horizon team further launched Swoop as a demonstration of the Ethereum bridge. Swoop is a cross-chain DEX that is modeled and designed after Uniswap.

Partnerships and Collaborations

In 2020, the Harmony team continued their work with leading blockchain partners such as Chainlink and Band Protocol oracles. The team also finished their integration with Coinbase Rosetta, which is an open-source framework that simplifies interactions on the blockchain.

For login and authentication for dApps on Harmony, the Harmony team partnered with Magic (Formatic). The team went further to specifically collaborate with Mahdi Zamani, a top researcher. The partnership enabled Mahdi Zamani to publish a technical whitepaper that highlights Harmony’s contributions to super-light clients.

Harmony also partnered with Gitcoin as well as their 47,000 developers. The aim of the partnership was to collaborate towards growing the future of Web3, and as a result, they started six themed hackathons.

Building a Strong Developer Community

In the past year, Harmony built up their developer community and reached up to a 100k+ strong ecosystem. In their DevPost hackathon, the Harmony team hosted 150 developers. The aim of the hackathon was to build DeFi projects for lending and swapping on cross-chain.

Hack the Horizon, the very first hackathon by Harmony, started with over 350 developers who were working on infrastructure for cross-chain. Other projects being worked on include fiat applications as well as NFT and DeFi showcases.

Harmony also expanded its global ecosystem by onboarding many new community members. Through this onboarding, fiat holders were able to join through CoinDCX, and ONE was also launched on Binance. The Harmony team also commenced their $7 million grant program with 13 grantees at first.

In collaboration with the grantees, Harmony launched Unifi trading and Jelly Swap cross-chain finance dApps. Blits cross-chain loans were also launched as a result of the partnership. In total, 25 dApps were launched on the mainnet by collaborating with the grantees.

By 2021, Harmony can boast of over 2,350 delegators and 150 validators. The Harmony Protocol is upgraded weekly by 45 Harmony contributors on Github. Even their community has grown past 100,000 in membership.

Plans for the Future

In the coming weeks, the Harmony team promised to share updates on their 2021 project roadmap concerning cross-chain finance. Harmony looks forward to building utility and, at the same time, serving as a hub that will connect major blockchains together. For this reason, Harmony is positioning itself for pursuing its goal and accomplishing its planned growth. In 2021, the team is looking forward to building new applications that will revolutionize the global fintech space.

Developers are welcomed to build on Harmony, which is rapidly growing as a blockchain for decentralized applications. Harmony mainnet is a big supporter of state sharding with instant finality. The staking mechanism for Harmony will support slashing and delegation while minimizing centralization. Harmony is also in the process of developing a BTC bridge and hopes to become a hub for major blockchains.

Before now, Harmony announced the integration of Chainlink’s decentralized oracles on its network. According to the announcement, Chainlink (LINK) adoption on Harmony Protocol would provide its clients with off-chain data resources via Chainlink’s decentralized oracles.

As of the time of writing, Harmony (ONE) price today was $0.00689200 with a 24-hour trading volume of $5,934,425. ONE price also went up 17% over the last 24 hours. It also has a circulating supply of 8.75 billion ONE coins and a max supply of 12.6 billion. Binance is the current most active market trading ONE.

Join us on Telegram to receive free trading signals.

For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.

The post Harmony Protocol Releases 2020 Review Report appeared first on Altcoin Buzz.

Share76Tweet47

Related Posts

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

by
April 11, 2021
0

Guggenheim CIO Scott Minerd has warned crypto investors about bitcoin’s pullback. He said bitcoin “clearly has gotten caught in a...

Why ADA could run hotter than Bitcoin and make 10x gains

Why ADA could run hotter than Bitcoin and make 10x gains

by
April 11, 2021
0

After breaking in the crypto top 10 by market cap and with 3.597% gains over the past year, Cardano (ADA)...

How Ethereum’s gas fees could be on a lasting downtrend

How Ethereum’s gas fees could be on a lasting downtrend

by
April 11, 2021
0

Anonymous developer of protocol Mist, Stephane, has sparked a debate over the possibility of a reduction in Ethereum gas fees....

Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ

by
April 11, 2021
0

Traders appear to be waiting for a trigger to start the next leg of Bitcoin's uptrend and if that happens,...

Romanian university plans to accept crypto payments for admission fees

by
April 11, 2021
0

The academic institution with a student body of roughly 11,000 said the addition of crypto payments was part of a...

Load More
  • Trending
  • Comments
  • Latest
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021

Mark Cuban Invests in Mintable

March 6, 2021
Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

February 17, 2021

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

April 11, 2021
Why ADA could run hotter than Bitcoin and make 10x gains

Why ADA could run hotter than Bitcoin and make 10x gains

April 11, 2021
How Ethereum’s gas fees could be on a lasting downtrend

How Ethereum’s gas fees could be on a lasting downtrend

April 11, 2021

Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ

April 11, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • Alt Season
  • altcoin
  • Altcoin Market Cap
  • Altcoin News
  • altcoin prices
  • altcoins
  • Altseason
  • Barstool Sports
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin ETF
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • Cardano Upgrade
  • Cash app
  • CFTC
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Oracles
  • Chainlink Price Prediction
  • Changpeng Zhao
  • Charles Hoskinson
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Commodity Futures Trading Commission
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • Dave Portnoy
  • Decentraland (MANA)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Filecoin (FIL)
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LINK)
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Maker (MKR)
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • Moneygram
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Signal
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • Stimulus Bill
  • Stimulus Check
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Theta Network (THETA)
  • Theta Token
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • WhatsApp
  • World
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP Army
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Youtube
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.