Harmony, a secure proof-of-stake blockchain designed for fast, large-scale settlement of millions of transactions has revealed a successful upgrade of its main net.
The latest upgrade has in-built support for staking, making the project the first blockchain to combine proof-of-stake with sharding.
Binance, Huobi, Other Major Crypto Players Support Harmony Staking Launch
On May 19, 2020, Harmony revealed that it has successfully combined proof-of-stake and sharding following an upgrade to its unique, 4-shard network to fully support staking – a popular and rapidly growing trend in the cryptocurrency market.
Staking has already made many interesting crypto projects that much more attractive, especially Harmony. And how? Stakers can earn annual yields ranging from 15% to 45% in the first year alone.
The addition of staking and the latest main net upgrade builds on top of Harmony’s combined solution of proof-of-stake and sharding that keeps transaction throughput high but costs low. Transactions are settled in just 8 seconds, with fees as low as $0.0000001.
The highly decentralized network has grown to over 320 public nodes and is expected to increase to more than 1000 and beyond before the end of this year.
Harmony also has garnered the support of a variety of top names in the cryptocurrency space who are either helping bring attention to the project’s main net upgrade and addition of staking or are serving as validators for staking themselves. Partners include Binance, Huobi, BiMax, Blockdaemon, Stake.fish, Figment Networks, Sesame Seed, and many more.
Harmony Moves Towards Adoption Following Completed Core Development
Now that Harmony has completed its work on the core protocol, the project plans to move towards pushing forward the case for real-world adoption.
“Now that we’re equipped with a battle-tested base layer, we will shift gears to pursue adoption with the same non stop execution that enabled us to launch the first sharded PoS blockchain,” Harmony CEO, Stephen Tse explained.
Tse expects that the project’s offering of speed, scalability, and cost will enable “use cases and user experiences” that simply cannot be matched on other competing blockchains, which in turn will help with the rapid growth of a loyal user base.
The company’s roadmap also includes an aggressive push to reduce settlement times to under 8 seconds, beginning a community governance movement, and exploring additional pursuits around cross-border transactions and even digital collectibles.
Harmony’s EVM compatibility makes it especially attractive for creative and skilled developers to build user experiences that will drive future adoption. Harmony also intends to offer grants to incentivize developers to utilize its sharded proof-of-stake blockchain.
All this ensures a bright future for Harmony’s development community, and these latest upgrades/additions cement Harmony as one of the most interesting blockchain projects to watch this year.
origin »
Ethereum 2. 0 blockchain upgrade remains one of the most anticipated upgrades in the crypto space. Most of the upgrades required for the complete overhaul have already been performed. Things like the London Hard Fork came with EIP-1559.
Cortex Labs (CTXC), a decentralized autonomous artificial intelligence blockchain platform where AI developers can upload their models to be integrated into smart contracts and DApps, and China Merchants Expressway Network & Technology Holdings, recently announced a strategic partnership.
In five weeks, the Bitcoin Cash (BCH) network will upgrade once again, adding two new features to the blockchain. The first component added will be Schnorr support for OP_Checkmultisig, which will allow more complex mechanics to multi-signature transactions and all signature checking operations will support Schnorr signatures.
Freelanex is a decentralized platform which provides an environmental system on Blockchain. It represents a unique opportunity for approaching bargains by using a decentralized System with smart contracts, through an interface user friendly.
Qtum is preparing for its first hard fork since its inception back in September 2017. The system upgrade is focused on the underlying technology behind the protocol. Dubbed Qtum 2. 0, it aims to integrate a number of functions and improvements to its blockchain.
Coinspeaker Ethereum Ropsten Testnet Splits After the Early Launch of the Istanbul UpgradeEthereum testnet Ropsten has hardforked following an earlier than scheduled release of the Istanbul upgrade of the world’s second most popular blockchain.
Monero, a leading privacy coin and top twenty cryptocurrency by market cap, is due to have one of its two scheduled upgrades this month. Monero 0. 15 will bring it with it some new security and privacy features, a new proof-of-work algorithm called RandomX, and other changes.
Atlantis was successfully implemented on the Ethereum Classic (ETC) blockchain earlier this month, bringing more compatibility with Ethereum (ETH). However, development on the ETC chain remains several months behind ETH, with very little activity over the past six months.
Atlantis was successfully implemented on the Ethereum Classic (ETC) blockchain earlier this month, bringing more compatibility with Ethereum (ETH). However, development on the ETC chain remains several months behind ETH, with very little activity over the past six months.
EOSIO successfully implemented its first ever consensus hard fork in its v1. 8 upgrade. The new version brings “major enhancements” to the blockchain in hopes of “paving the way for a more secure and scalable future.
Ethereum Classic, a leading smart contract platform in the cryptocurrency space, recently marked a major milestone with the Atlantis hard fork. This upgrade, aimed at establishing and maintaining interoperability with Ethereum, introduced ten Ethereum Classic Improvement Protocols.
A new partnership between two important companies was just signed. Zilliqa is set to team up with ChainSecurity in order to upgrade security and to fortify smart contracts. These two blockchain companies will start to work together to create more security tools and resources for the Zilliqa ecosystem. One of the main goals of this […]
Crypto gift app Gifto launching native blockchain - CryptoNinjas
Gifto, a blockchain gifting app, today announced a new, major upgrade to enhance its platform for creating, sending, and sharing blockchain gifts.
Ethereum Classic has effectively completed a system-wide upgrade of its software in an effort to enhance its interoperability with Ethereum, the blockchain platform from which it split from back in 2016.
The launch of Instanbul’s testnet, known as the upcoming hard fork created by the Ethereum blockchain, is set for October. According to Hudson Jameson, the community manager at the Ethereum Foundation, the block that was picked for the launch will be mined around October 2.
The open-source browser Brave has decided to upgrade its crypto wallet in its latest update. Initially, the wallet was created to be focused on the Basic Attention Tokens (BAT), which are used in the browser.
The Ethereum Foundation announced grants worth more than $2 million aimed at bolstering the development of Serenity, Ethereum’s long-awaited—but apparently “imminent”—scaling upgrade, ETH2. 0. Approaching Serenity: Announcing Ethereum Foundation and Co-Funded Grants!https://t.
Cryptantcrab is a PVP Blockchain based game. You can play it via the browser and all you need is Metamask in order to interact with the platform. The game is based around obtaining Crabs and battling other players, this results in an increase of the Crab’s level which allows you to customize and upgrade your […]
The post CryptantCrab Let’s Play Part 1 – Getting Started appeared first on NullTX.
Blockchain voting is an essential upgrade to US elections, 2020 presidential candidate Andrew Yang has said. Yang: Standing In Line To Vote ‘Ridiculous’ Currently causing a buzz on social media, Yang’s proposal would see traditional in-person voting replaced by a Blockchain alternative.
Steemit has announced that on August 27th, they are planning a hardfork on their blockchain. They gave details about a new system that will be set up as a DAO and will create an automatic financing system for development proposals.
Coinbase, a San Francisco-based cryptocurrency exchange is taking advantage of Ethereum’s latest Constantinople upgrade to enable thousands of merchants around the world to accept USD Coin (USDC) through the Coinbase Commerce app, according to reports on August 14, 2019.
With the emergence of the digital economy in full swing, disruptive technologies like blockchain and artificial intelligence (AI) are being tapped to not only innovate but also to improve upon and upgrade existing operation standards across multiple industries and sectors.
Polymath has announced a major version upgrade for its STO platform along with the addition of QRC token to the Token Studio. Polymath’s technology acts as a bridge between Wall Street and blockchain, with the aim to “enable trillions of dollars of securities to migrate to the blockchain” through the process of tokenization.
Bitcoin SV experienced a serious network split on Saturday after a massive 210 MB block was mined on the network, temporarily splitting the network into three different chains. Big Block Blues On July 24th, the BSV network underwent a scheduled network upgrade with the intent to raise the blocksize from 128 MB to 2 GB.
NEM Ventures director Dave Hodgson discusses NEM’s investments in Vimba and IoDLT and how its Catapult upgrade will accelerate the coming wave of interoperable blockchains. Plus the emerging Security Token Offering model - and the differences between ICOs, STOs, and IEOs.
Segregated Witness (SegWit), a protocol upgrade which helps Bitcoin’s blockchain to handle more transactions at a time and for a lesser fee has recorded a 48. 1 percent adoption, according to the most recent data culled from TransactionFee.
Gominer Token is a Peer-to-Peer token that has a sophisticated level of security for a multi-functional digital currency and for all future use expansion.
The token is created to help our user to interact and expand the way of their earning in Cloud mining.
The Bitcoin Satoshi’s Vision (BSV) protocol was able to hard fork and upgrade to the proposed Quasar mainnet that increases the max block size from 128 MB to 2 GB. BSV split from BCH after prolonged infighting and a lack of consensus over block size.
Fledging blockchain Bitcoin Satoshi Vision (BSV) is ready for a “hard fork” upgrade to increase the size limit of its blocks from 128MB to 2GB — but there’s confusion over when it’s actually supposed to occur.
Bitcoin Cash spin-off, Bitcoin SV (BSV), is preparing to stage its own hard fork to allow for giant blocks of transactions weighing in at up to 2 gigabytes. Bitcoin SV: Blockchain Reorgs ‘Original Feature’ On July 24, the altcoin known as Bitcoin Satoshi’s Vision will carry out a protocol upgrade dubbed ‘Quasar.
QuickBit cryptocurrency exchange recently experienced a data breach, which affected about two percent of its customers. In an updated report on July 22, 2019, the company said the breach was as a result of a third-party system upgrade, but customers’ accounts and transactions were still safe and intact.
Blockstream announced the v0. 7. 1 release of C-lightning. This version is one of the several technological improvements intended to make Bitcoin lightning network transactions cheaper, faster, and safer.
In a blog post published on July 15, 2019, cryptocurrency exchange Binance announced that it had upgraded its in-house blockchain – Binance Chain – to its mainnet. Enter Galileo, What’s New? Launched in April 2019, Binance’s distributed ledger network – Binance Chain – has been upgraded to its mainnet version Galileo.
CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceAmberdata, an API based blockchain, and crypto-market data provider, today announced the launch of On-Demand Pricing. The new pricing structure starts at just $50/month, and will provide users access to all the Pro Tier endpoints with the first 1000 API requests free and only $0.
Airbloc, a consent-based real-time personal data exchange protocol, today unveiled its new product — ABX, a customer behavior-driven and real-time personal data exchange platform based on blockchain.
Today’s Ripple (XRP) News The goal, in the long term, according to Ripple’s executives is to see a successful platform with the underpinnings of blockchain taking on established centralized options. Blockchain is disruptive, in a good way.
According to a press release from July 3, 2019, Coinsquare, in conjunction with Just Cash, will use a software that would update millions of traditional ATMs and enable them to purchase bitcoin and other cryptocurrencies.
Ethereum 2. 0 in the Pipeline For a while now, Serenity, the next step in the Ethereum (ETH) blockchain, has been somewhat of a quixotic dream for developers. But, the upgrade, which developers say will dramatically.
Tezos’ rise into prominence was incredible and rightly befitting, given its revolutionary self-evolving upgrade system. It was an exciting project, and for many in the industry, this blockchain platform was destined for the skies.
Brave Shields, one of the key components to a seamless browsing experience, which protects users’ privacy, was rebuilt with inspiration from uBlock Origin and Ghostery’s ad-blocker engines.
The team of the Waves blockchain platform, today announced the release of a major update, Waves Node 1. 0. It will bring powerful functionality and anticipated new features to the Waves ecosystem. The major upgrade to Node 1.
The New Economy Movement (NEM) network is planning to drastically upgrade their protocol later this year, labeling the new network as ‘Catapult’. In a blog post, the NEM Foundation announced the launch of NEM Studios to further the back end development of the protocol, June 20, 2019.
NEM Launches New Development Studio The NEM blockchain project announced it is working on a development studio to support its transition to a new protocol this year. The press release explains that the new NEM Studios is being created by NEM Holdings, which is the non-profit holding of NEM Ventures. Meanwhile, the NEM Foundation will […]
The US Securities and Exchange Commission’s (SEC) Crypto Task Force met with industry representatives on Feb. 5 to explore potentially including staking in crypto exchange-traded products (ETPs).
BingX Labs, the innovation arm of crypto exchange BingX, has invested $10 million in StakeStone to support the development of omnichain liquidity staking and StakingFi applications. The partnership aims to improve liquidity infrastructure, optimize capital efficiency, and expand cross-chain asset…
Japanese game studio Gumi has approved a $6.6 million Bitcoin purchase to double down on blockchain staking. Gumi Inc., a Japanese mobile game studio, is looking to strengthen its crypto presence with a major Bitcoin (BTC) purchase. In a Feb.…
Kraken announced the launch of a new onchain staking product for US clients, marking a significant return to staking services in select states after facing regulatory scrutiny. The offering will allow users in 37 states and two territories to stake digital assets such as Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA), according to […]
The post Kraken relaunches compliant staking for US clients after SEC settlement appeared first on CryptoSlate.
After the SEC ordered Kraken to close its U.S. staking platform in 2023, the exchange has re-opened crypto staking for specific tokens in select states.