What is Harmony (ONE)?
Harmony aims to address the issues plaguing more traditional blockchains by a combination of bleeding edge research, and brilliant engineering.
Harmony has already built cross-chain Ethereum and Binance Smart Chain bridges, but has plans to connect other networks in future. This allows the exchange of crypto assets (including but not limited to fungible/non-fungible tokens, and stablecoins) to be seamlessly swapped between chains on the fly.
Harmony is assisting businesses in developing marketplaces for various tokens, such as fungible loyalty points or energy credits, as well as non-fungible assets such as artwork or in-game digital assets. This opens up the Harmony ecosystem for users to buy, sell, or trade across tokens in a convenient manner.
Zero Knowledge Proofs
Harmony uses zero knowledge proofs - a cryptographic construct which allows one to prove the validity of a statement without revealing anything about it. As an example, you could ask a friend, which of you has more money? A zero knowledge proof would allow you to confirm the answer, without revealing how much wealth either of you actually had.
The ONE token can be staked or locked up in the Harmony ecosystem, which allows holders to earn block reward and transaction fees as a reward for assisting in validating the network.