Harmony

by Harmony

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IPFS

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RIF Token

by RIF Labs Limited

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Harmony

by Harmony

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IPFS

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RIF Token

by RIF Labs Limited

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What problem does this service solve?

Harmony's goal is to create a consensus mechanism that will scale for larger networks.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.RIF's goal is to allow developers to integrate smart contracts on the Bitcoin blockchain.

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Company Description

Harmony is developing an open consensus blockchain platform. Harmony's sharding-based consensus mechanism is designed to scale as the number of nodes increases in the network. Harmony aims to tackle issues related to scalability by optimizing across multiple layers in a way that will enable parallel transaction processing with reduced latency. Harmony is currently powered by the ONE token, which is built on the Binance blockchain.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

RIF Token powers the Root Infrastructure Framework Open Standard network. The platform will consist of a suite of open and decentralized infrastructure protocols that will enable faster and easier development of DApps that can work on the Bitcoin blockchain. RIF is built on the RSK smart contract platform, which is secured by Bitcoin's blockchain.

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