Harmony is another new blockchain. They plan to create an open marketplace for a decentralized economy, comparable in scale to Google. They claim a speed of 10 million tx / sec, a delay of 100 milliseconds and a transaction fee of 0.1%.
Harmony is based on OmniLedger, a secure non-trusted distributed registry that uses sharding. OmniLedger now shows 10K tx / sec speed and 1s delay time. Google UDP will also be used, this is Google's data transfer protocol and Mosaic Pull-Reduce (to be honest, my knowledge was not enough to understand what it is). The bottom line is that Harmony is not developed from scratch, but uses already working tools and research results. This is a plus, no need to reinvent the wheel. Harmony has also developed a new Min programming language, providing a higher degree of code reliability.
Concordance will probably be 1000+ occasions quicker and less expensive than Bitcoin and Ethereum.
Item Stage and Roadmap
A model of the Min language compiler has just been created, posted on the GitHub.
A model convention has been created. It produces shards, exchanges approaching exchanges and achieves accord utilizing the BFT calculation. Testing was directed on 10K ease Amazon Web Services situated in 8 cloud spaces on 3 mainlands so as to test the genuine system inactivity. 30% of exchanges are cross-stage and every shard contains 400 hubs. This methodology guarantees an abnormal state of security, regardless of whether 25% of all hubs work noxiously. All hubs have 1 processor, 1 GB of RAM and around 700 MB/S of symmetrical transmission capacity. A test system of 10K hubs and 25 shards achieved a speed of 10184 exchanges for every second. Those. Concordance engineering exhibits superior in certifiable conditions. With more hubs, execution ought to be higher.
The guide isn't nitty gritty, before the current year's over they intend to dispatch a testnet. For the reasons for 2019, there is the dispatch of an installment administration for budgetary organizations, scaling to 100K hubs, 100K tx/sec and a second deferral. It isn't clear when they intend to achieve a speed of 1 million tx/sec
Group
Stephen Tse, Founder. https://www.linkedin.com/in/tsestephen/
Stephen filled in as a specialist at Microsoft's exploration division, as a senior architect at Google, and as a central designer at Apple. He established the startup Spotsetter, which built up a portable web crawler. Spotsetter drew $ 1.3M of investment on a seed round and was later purchased by Apple in 2014. He holds a doctorate from the University of Pennsylvania with a degree in Security conventions and compiler check.
Nicolas Burtey, Co-organizer/COO. https://www.linkedin.com/in/nicolasburtey/
Has a four year certification in arithmetic and software engineering, just as a graduate degree in computational photography. He began as an independent picture taker and maker of virtual visits. At that point he established the organization Orah, which creates and sells programming for making video content in the field of augmented reality.
Alok Kothari, Co-Founder. https://www.linkedin.com/in/alokkothari/
He moved on from Carnegie Melon University with a graduate degree in software engineering. From that point onward, 3 years he worked at Machine Learning Engineer at Apple, where he was occupied with the advancement of language acknowledgment calculations for Siri
Rongjian Lan, Co-Founder. https://www.linkedin.com/in/rongjian-lan-6548013b/
Holds a four year college education from Beijing University of Science and Technology and a graduate degree from the University of Maryland with a degree in software engineering. 4 years worked Software engineer in Google. Since February, he has been co-seat of the ABC Blockchain Foundation, a non-benefit association that advances blockchain innovation.
Incidentally, Harmony will be the support and accomplice of the Blockchain Awakens hackathon, which is composed by the ABC Blockchain Foundation on August 4-5 in San Mateo. Other welcomed visitors incorporate Dawn Song, a teacher at Carnegie Melon and Berkeley Universities and cryptography master at Whitfield Diffie
Hakwan Lau, the position and extent of obligations in Harmony isn't characterized.
Acting teacher at UCLA, having some expertise in neural systems and AI. He moved on from Oxford, was a partner teacher at Columbia University and has more than 90 productions in logical diaries.
Three more colleagues are associated with the venture at low maintenance. Extremely solid actually specialists with involvement in IBM, Microsoft, Google, Alibaba Cloud
Lead a functioning arrangement of experts. Each article on Medium finishes with a connection prompting a page on the site with opportunities. An aggregate of 11 opportunities are open, of which 5 are designers - 3 framework architects and 2 engineer blockchains.
The group is solid in fact, with an abundance of involvement in the fields of AI, AI, blockchain, augmented reality and compilers. Nearly everybody has a Senior Engineer position in various organizations. There are insufficient advertisers, tellers and advertisers, however opportunities are available to these positions and I am certain that they won't be open for long.
Guides
Zi Wang. https://www.linkedin.com/in/ziwang0315/
Worked with Google from 2006 to 2015 on Chrome, Google [X], Android and Nexus items. He was the primary worldwide imaginative chief of Google's equipment divisions and one of the authors of Google's $ 20 million research lab. He established Quantum Bakery, a startup teaming up with Google, Corning and Toyota, in the improvement of purchaser items with man-made brainpower. He has a four year college education in software engineering and a graduate degree in financial aspects.
Isaac Zhang. http://www.locision.com/en/group 2/
CTO, Co-Founder startup Locision - cloud answers for companies to expand efficiency, benefit and enhance inner procedures.
Doctorate in Computer Engineering from the University of Nottingham. He has a few licenses in the field of AI and versatile registering.
Aaron Li. https://www.linkedin.com/in/aaronqli/
Author, CEO of Qokka - items in the field of AI, AI and blockchain.
Moved to the United States on the Einstein Green Card, which is issued to pros with remarkable capacities. He holds a Masters certificate from Carnegie Melon University with a degree in Language Technology.
Navneet Singh. https://www.linkedin.com/in/aaronqli/detail/treasury/rundown/?entityUrn=urn%3Ali%3Afs_treasuryMedia%3A (ACoAAAtcX4cBIGsgZ6zT5qtckmxlYegGvNcA9JY 2C1521696771194%) and area = outline and treasuryCount = 8
In a Google drove gathering of 27 for a long time engineers who were occupied with improvement in the field of portable applications and versatile inquiry. He was likewise the senior VP of WorldPay, the biggest installment processor, and the head of Data Science at Ezetap, a versatile installment supplier.
He moved on from MIT with a single guy's and graduate degree in software engineering.
Michael Young. https://www.linkedin.com/in/michaeleyoung/
In the record of the establishment of the three organizations, which were in this way procured by bigger ones. He has involvement in making manages organizations from the Fortune 500 tons US Department of Defense. Ace and Ph.D. Stanford in Electrical Engineering
There are no stars in the Advisors, yet all with amazing instruction and involvement in expansive partnerships, just as involvement in building up organizations. Lamentably, none of the consultants on the LinkedIn profile have a Harmony
venture. The venture has no accomplices yet.
Specialists with blockchain experience are available both in the Team and in the Advisors, however it appears they are insufficient. Maybe understanding this, the group is leading such a functioning enrollment.
Tokenomics.
As of late, a $ 18 million was brought up in a seed round, wellsprings of financing are not unveiled. There are no designs for crowdfunding right now and in like manner there is no waisting. In any case, it appears that the deal is as yet conceivable. In the assignments recommended in the opportunity of an accomplice in corporate improvement, private deal and last deal are referenced with a yet unsure hardcap. Some time prior there was data about a hardcap of $ 30 million for 20% of tokens per deal, however the group does not remark on this information. Additionally in the first form of the VI was the accompanying data:
This implies nearly 8% of the absolute number of tokens will almost certainly quickly deal on the trade. Also, these are tokens that were not purchased, however essentially dispensed by the task for themselves. In the most recent adaptation of the VI this data is never again accessible. Maybe it will be reconsidered. We will cautiously think about the token measurements when they are authoritatively distributed.
HYIP
The task has a station in Telegram with 10 + K supporters. The channel was established on July twentieth. It isn't clear how they figured out how to pick up such a large number of endorsers so rapidly. It is beyond the realm of imagination to expect to get familiar with this in the Telegram, the station is shut for correspondence, they are basically quickly consequently erased. Which is fairly bizarre, in light of the fact that There is another channel Announcements.
The venture has another channel on Medium, where articles are routinely posted about noteworthy changes in the undertaking.
Outline The
qualities of the
Blockchain venture are in themselves promising subjects. Extremely aggressive objectives.
Utilize existing advancements: OmniLedger, Google User Datagram Protocol and others.
An exceptionally solid group and consultants. Dynamic enlistment and enormous designs for extending the group
Effectively spent a sid-round and gathered $ 18 million
Great test consequences of the convention
The feeble purposes of the
Blockchain venture are extreme challenge here.
Fluffy and foggy guide
Uninformative and badly designed site
Not the best token measurements that need affirmation.
We conveyed an all out gauge of 85% to Harmony, which comprises of
Item - 88%
Group/Advisors - 93%
Tokenomics - 74%
This gauge might be reexamined after the distribution of affirmed token measurements or some other new data.
Right now, we trust Harmony is an exceptionally encouraging task and we will intently screen advancements.
https://harmony.one/whitepaper.pdf
https://twitter.com/harmonyprotocol
https://www.linkedin.com/organization/congruity one
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