Harmony to Release Staking Dashboard
Harmony announced that final testing is underway for the staking dashboard on the newest Ledger app.The expected deployment date is Friday, February 21. Refer to the official tweet by ONE: Final testing is underway for the staking dashboard on the newest Harmony Ledger app!🗓ï¸ Expected Deployment: Fri Feb 21st🔹 Users must install Harmony v1.15.0 + Ethereum v1.15.0 (Harmony app depends on Ethereum app) ONE InfoHarmony is a cutting-edge, layer-1 blockchain that employs sharding and Effective Proof of Stake (EPOS) to enhance scalability, security, and decentralization. Initiated in 2019, it has made significant strides by introducing trustless cross-chain bridges and employing four shards that process transactions concurrently, establishing itself as a key player in the blockchain sphere.In terms of its operational mechanism, Harmony relies heavily on EPOS and sharding. EPOS fosters decentralization among validators, thereby increasing network security. Simultaneously, sharding divides the network load among various validators, delegators, and users, which significantly bolsters transaction speed and overall network performance.ONE, the native token of Harmony, is integral to the network’s functioning. It serves as the medium for transaction fees, facilitates governance by allowing token holders to participate in decision-making processes, and is used for staking, providing security to the network.