Press release
Chainstack launches Harmony support to provide developers greater access to on-chain utility with enterprise-grade blockchain infrastructure
Harmony is now supported on Chainstack
This new offering enables developers to create applications on scalable infrastructure across all major public cloud providers (Amazon Web Services, Microsoft Azure, and Google Cloud Platform) and geographies in the simplest way imaginable. Developers and builders in Web3 and DeFi looking to build high-performing projects on Harmony now have the option to overcome existing limitations and scale with the enterprise-grade infrastructure that can be relied on.
Harmony is an interoperable sharding protocol with secure bridges offering cross-chain asset transfers with Ethereum, Binance, and 3 other chains. Harmony is an open platform for assets, collectibles, identity, and governance. Powered by the Harmony One token (ONE), the Harmony blockchain is an independent blockchain designed to enable ultra-fast transactions and interoperability as an advanced Layer 2 solution. Harmony makes it easy for developers to build and scale creative, intuitive decentralized applications (DApps) that enable frictionless, cross-chain token swaps.
Harmony uses a technique called sharding to split the blockchain's network into parallel chains, called shards, to improve the speed and efficiency of the network-at a lower cost. Thanks to this strategy, Harmony's fast and secure blockchain is designed for decentralized applications, producing blocks in 2 seconds with finality, allowing for trustless, irreversible transactions at lower fees, costing up to 100 times less than other blockchain transactions.
"Harmony's focus on growing the network's features is supported by an incredible community and ecosystem. The cross-chain architecture bodes well for the blockchain's future and greater adoption. We're delighted that Chainstack will now give Harmony developers and the community more access to on-chain utility with enterprise-grade blockchain infrastructure, assisting them in addressing blockchain scalability challenges," says Eugene Aseev, Founder and CTO of Chainstack.
Harmony enables developers and builders to create high-performing and customizable applications by utilizing the blockchain technology that is designed for interoperability and built in a way that is familiar to developers. Developing at a rapid pace and collaborating with the industry's most recognized smart contract-enabled blockchains, transactions between the Harmony and other blockchains are almost instantaneous and nearly free, paving the way for a more connected Web3. The addition of Chainstack's enterprise-grade infrastructure to Harmony's ecosystem accelerates blockchain adoption, paving the way for a more connected and efficient future in which projects and end-users can benefit from decentralized applications' innovative power while also enjoying higher performance and lower fees.
Chainstack Pte Ltd.
8 Temasek Boulevard
#30-01/02, Suntec Tower 3
038988
Media contact
Janson Lee
Chainstack
janson.lee@chainstack.com
ABOUT CHAINSTACK
Chainstack makes it radically simple to launch and scale decentralized networks and applications for developers and enterprises through its managed blockchain services platform - complete with an intuitive user interface, seamless orchestration, and predictable pricing. We offer enterprise-grade tools and services that empower developers, solution providers, and consortia to safely experiment and run-in production. By building on Chainstack, the time, cost and risk involved with leveraging decentralized technologies can be reduced. With a secure API, membership management, and flexible deployment options, enterprises and developers can immediately accelerate and future-proof the development of their transformative solutions.
Learn more at www.chainstack.com
ABOUT HARMONY
Harmony is an interoperable sharding protocol with secure bridges offering cross-chain asset transfers with Ethereum, Binance, and 3 other chains. Harmony is an open platform for assets, collectibles, identity and governance. Powered by the Harmony One token (ONE), the Harmony blockchain is an independent blockchain designed to enable ultra-fast transactions and interoperability as an advanced Layer 2 solution. Harmony makes it easy for developers to build and scale creative, intuitive decentralized applications that enable frictionless, cross-chain token swaps.
To learn more, please visit https://www.harmony.one/
https://chainstack.com/build-better-with-harmony/
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