Native ONE, Open Staking Testnet, Harmony Milestones @ 2020/2
Since our January milestones, we have swapped 4.4B ONEs (91%) to native tokens. We are launching our open staking testnet with 100 external validators in preparation for open staking on mainnet.
Here are our milestones for February:
Harmony is fast, but did you know just how fast? Watch this video to see for yourself.
Engineering
We achieved 98% reduction in state storage requirement (100+ GB to 1.5GB) by implementing state pruning. This dramatically reduces the storage cost for running a node for our validators.
Slashing is complete. This punishes nodes if they double-sign a block or reduces their voting power if they are not online. Penalties are just as critical to the security of the network as rewards.
15+ network upgrades on open staking testnet were launched to test features. We added staking, reward and commission history, and portfolio display to our staking explorer.
Business
4.4B ONE tokens were swapped to our mainnet via Bitmax, Binance and Kucoin, with Gate and Huobi token swaps coming. This is a critical step as native ONE tokens are required in open staking.
Our staking explorer is in active UX testing and we are developing new features such as multi-stake selection to facilitate decentralization of stake.
We finished 2 key integrations. Harmony is now featured on Staking Rewards with a rewards calculator and the Harmony Ledger app can be installed on any Ledger device via Ledger Live for staking.
We continued to build our fintech community in India, built Charity DAO at EthDenver, and dove deep with researchers at Stanford Blockchain Conference 2020.
A successful staking launch takes much more than just a team, it takes an entire community. If you’re interested in staking with Harmony and becoming a Harmonaut, please fill out this survey and we’ll get in touch with you ahead of the launch.
