Harmony network is an Ethereum layer 2 network which aims to improve scalability without sacrificing decentralization. With transaction fees skyrocketing on Ethereum, we need another smart contract platform for high transaction speeds and low fees.

Harmony splits the blockchain into parallel chains called Shards. These shards function independently to improve the speed and efficiency of the network at a low cost. Sharding improves the scalability of a blockchain.

Harmony uses a modified version of the Proof-of-Stake model called Effective Proof-of-Stake to achieve consensus. EPoS allows many nodes to be involved in network operations thus achieving enough decentralization. EPoS selects validators based on the number of tokens in the possession of the node.

Harmony secures the network using a strategy known as Distributed Randomness Generation(DRG), which protects the network and its sharding by randomly assigning nodes to each shard.

High gas fees on Ethereum are not helping much and metaverse projects could be developed on the Ethereum network due to limited scalability. However, the Harmony network comes to the rescue of the developers and is also a great platform for NFTs and DeFi.

ONE is the native token of the Harmony blockchain network. Anyone can stake their ONE token on the protocol. A minimum of 10,000 tokens are needed to be staked. Harmony claims they have around 1000 nodes on their blockchain. The current price of ONE token is $0.33 with a market capitalization of $3.8 billion. The current circulating supply of ONE token is 11,590,245,187.

Harmony(ONE) token is available to buy on Binance. 

connect harmony one network to metamask

Harmony network is an EVM-compatible blockchain. Hence we can interact with the dapps on the Harmony network using the Metamask wallet. We need to add custom RPC settings to access Harmony network with Metamask wallet. 

Connecting Harmony(ONE) network to Metamask

Follow the steps below to connect Harmony(ONE) network to Metamask

1. Log in to Metamask and click the three dots present on the top right and select 'Expand View'

how to connect harmony one to metamask

2. Click on the drop-down list and select 'Add Network'

3. Now, let's add the Harmony mainnet settings. Add the following settings in your Metamask

Network Name: Harmony Mainnet

New RPC URL: https://api.harmony.one

Chain ID: 1666600000

Currency Symbol: ONE

Block Explorer URL: https://explorer.harmony.one/

connecting harmony network to metamask

4. Enter these details and click Save. Harmony network is now added to your Metamask wallet

You are now ready to interact with dapps, dexes on the Harmony network. You need some ONE, in order to pay fees while transacting on the Harmony network. Send assets on the Harmony network to Metamask using exchanges like Binance or Kucoin. You can also bridge your assets from other chains to Harmony.

Here are some most popular dapps on the Harmony network:

Viperswap

Viperswap is the largest DEX on the Harmony network with a daily trade volume of $8.7 million. There are 149 pairs of cryptocurrencies across various liquidity pools.

Crypto Royale

Crypto Royale is a free play-to-earn project on Harmony network. Players can use mobile or a PC to play this game. It is a simple game where the last player standing takes all the winnings. Winners earn ROY token which is currently trading at $0.1.

Here is the complete guide on how to play and earn Crypto Royale(ROY) tokens.

Let's hope the Harmony network achieves what it aims to so that we can get rid of high gas fees on Ethereum.

Comment your Metamask Harmony network address to get some ROY tokens.

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