Harmony (ONE), one of the first sharded blockchains, documents the activation of its significant hard fork. The new mechanism makes value transfer across shards simpler than ever before.
Team members of Harmony (ONE), a high-performance distributed L1 blockchain that is compatible with the Ethereum Virtual Machine, announced yesterday that version v2023.1.0 has been successfully activated at block height 37683200.
With the new technological design, ONE token holders may shift tokens across shards without requiring specialised knowledge or writing a single piece of code. The update was supported by all major centralized exchange systems; ONE fan was not needed to take any action.
MetaMask is the most widely used EVM noncustodial wallet, and its users have access to the same cutting-edge blockchain features as users of other wallets.
Shards are best viewed as sub-blockchains that are linked. Sharding is the most advanced scaling technique. In addition to Harmony (ONE), this instrument is employed in the construction of NEAR Protocol.
According to its most current roadmaps, the proof-of-stake version of Ethereum (formerly known as Ethereum 2.0) will eventually transition towards a sharded structure.
Optimism among holders of ONE is clear. Since the first news of this hard fork’s activation, the token’s price has increased by 25% in less than a day.
In the last twenty-four hours, ONE trading volume increased by 20%. At the time of publication, the asset is trading at $0.02643 on major cryptocurrency spot platforms.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.