Harmony, the open and fast blockchain that runs Ethereum applications with 2-second transaction finality and 100 times lower fees, is prioritizing efficiency and AI in its platform initiatives. The company is actively working on network utilization, decentralized finance primitives, and generative AI products.
One of Harmony’s proposals, Harmony Improvement Proposal 30, includes dynamic sharding, fast finality optimization, and engaging validator fellows. These changes aim to enhance the network’s efficiency and performance.
In terms of decentralized finance, Harmony is building a foundation for developers by introducing tools such as a Uniswap v3 fork for concentrated liquidity and a stablecoin called 1USD. The platform is also developing an Emission DAO, which will promote community-driven governance and ecosystem growth.
Harmony’s upcoming initiatives focus on various aspects of the platform. These include network developments like state sync and account abstraction, as well as ecosystem enhancements such as decentralized finance integrations, domain NFTs, and creator profiles.
In the realm of AI and machine learning, Harmony plans to adopt onchain payments, market pricing mechanisms, and zero-knowledge proofs for data privacy and security.
The company has also been working on recovering from the Horizon Bridge security breach. With the involvement of partners and agencies like the FBI, Harmony is making progress in clearing the depegged assets. A bridge has been launched with the LayerZero protocol, allowing asset bridging between Harmony and Ethereum, Binance Smart Chain, and Arbitrum.
Harmony remains committed to open development and scaling trust in the blockchain ecosystem. The company aims to foster network efficiency, user adoption, and developer integrations.
About Harmony:
Harmony is an open and fast blockchain that enables Ethereum applications to run with 2-second transaction finality and significantly lower fees. It serves as an open platform for assets, collectibles, identity, and governance.