A "unifying Web3 platform" will onboard 1 billion users by 2026, says Harmony COO

Li Jiang, COO astatine Harmony, believes that a span connecting each existing blockchains is cardinal to onboard the archetypal 1 cardinal users connected Web 3. 

“We deliberation that the aboriginal is multichain and cross-chain, that you should beryllium capable to determination assets precise easy from 1 concatenation to another, with bully prices, with bully rates and precise fast.”, helium told Cointelegraph successful an exclusive interview.

Harmony is simply a Layer-1 blockchain protocol that aims astatine creating bridges with each large blockchains and becoming a “unifying Web 3 platform” by 2026.

Jiang acknowledges that blockchain exertion is not mature capable to onboard specified a ample magnitude of users owed to scalability limitations.

“Today, nary 1 tin enactment a cardinal users, nary chain, nary ecosystem”, helium said.

Harmony is addressing these limitations by leveraging proof-of-stake and sharding technology. That, arsenic Jiang pointed out, allows Harmony to simultaneously execute precocious levels of decentralization, scalability, and security.

“We person two-second finality. While that's astir the fastest successful the industry, We did that without trading disconnected connected decentralization oregon security.

According to Jiang, Layer-1 solutions specified arsenic Harmony volition beryllium much effectual than Layer-2 protocols built connected Ethereum successful the instauration of a cross-chain internet, owed to their higher flexibility.

He besides thinks that the aboriginal of Web3 is not a winner-takes-all benignant of scenario: aggregate Layer-1 protocols with their ain unsocial worth propositions volition beryllium capable to coexist.

“The chains that volition that volition turn are re the ones that are large astatine cultivating their autochthonal projects,” helium pointed out.

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