Since our February milestones, we improved our staking capacity by 10x, completed a new staking-centered website, and created Stake Heist on Pangaea with 10M ONE tokens for hacking our P-2 testnet.
Here are our milestones for March:
But first. Can you hack us? See the end of this post for more details.
Stake Heist: a game to exploit bugs in Harmony network and earn 10 million ONE in rewards.
Take a look inside our blockchain and be as malicious as possible.
Click here for a glimpse of what the contest will look like. Stay tuned for more info!
A lot has happened in the last month, so here’s how our staking roadmap looks now. We’ve finished the first 2 phases of testing on P-0 and P-1 and we’re currently getting ready to launch the third phase of testing with P-2.
P-2 will focus on Stake Heist where we encourage hackers to break the network and we make sure the economics work as intended. P-3 will be our last testing phase in which we open up to the public. A significant portion of block rewards earned in P-3 will be converted to real mainnet tokens upon launch.
Start testing Harmony staking as a validator. We are providing 1:1 setup service in this group https://t.me/PangaeaVolunteers. All you have to do is join, we’ll walk you through the rest!
How cheap is it to send transactions on Harmony?
Using 1 ONE, we were able to send about 993 transactions. So each transaction costs just $0.000002.
To quote the words of Brian Armstrong “What will happen when the cost of a payment falls to SMS levels? What about free? What will happen when all payments are inherently global?”