Harmony One is a newly launched cryptocurrency that touts itself as an improved version of Ethereum. In this article, we’ll take a look at the key differences between these two platforms and try to answer the question: Is Harmony One better than Ethereum?
When it comes to scalability, Harmony One claims to be able to process around 10 million transactions per second (tps), compared to Ethereum’s measly 15 tps. This is thanks to Harmony One’s unique sharding technology which essentially breaks down transactions into smaller pieces and spreads them across multiple nodes, allowing for parallel processing.
Another key difference is that Harmony One uses a proof-of-stake consensus algorithm while Ethereum uses a proof-of-work algorithm. This means that with Harmony One, users can earn rewards for simply holding the currency in their wallets, whereas with Ethereum, they would need to expend significant amounts of energy and money in order to mine new blocks and earn rewards.
This makes it much easier for developers to build applications on top of the Harmony One platform.
So, is Harmony One better than Ethereum? Based on the above factors, it certainly seems so. However, only time will tell whether or not it will be able to dethrone Ethereum as the king of cryptocurrencies.