flipside

    Try Quests to earn cryptoTry Quests to earn crypto
    Share

    Transactions in Harmony

    Harmony is a layer-1 blockchain that achieves scalability, security, and decentralization using sharding and Effective Proof of Stake. The motive of the Harmony blockchain is that it aims to remove the structural barriers that hinder cryptocurrencies from becoming true digital money. Harmony should be distinguished from Ethereum and other blockchain systems by its higher transaction throughput, which is obliged to sacrifice other features in order to achieve performance advantages. Harmony's consensus protocol prioritizes efficiency and speed.

    Daily transactions on Harmony blockchain over a period are obtained from on-chain data sets and are visualized using SQL programming language.The transactions are accounted for almost 3 months' time.

    Loading...
    db_img

    The chart of distribution of the transactions in the harmony blockchain looks interesting as it follows the patterns such that the transaction volume increases and decreases such that even if normalization of the same doesn't happen.Though this discrepancy exists the number of the wallets that are transacting in this harmony blockchain is increasing simultaneously with time.

    Loading...

    The volume of the transacted raw amount in the harmony blockchain is displayed. This indicates that the amount of the harmony transacted is ultimately high when compared to the whole transacted amount. This happened on February 27-2022.The price of the harmony token had faced a decrease of 15% due to the invasion of Russia,This can also account for the hike in this transactions on the nearby days.