Harmony to Conduct Scheduled Maintenance on August 20th

Harmony began the second rollback-recovery stage on August 20th after reaching quorum on shards 0 and 1.Validators that completed the first stage need to follow the recovery procedure. Network health and resumed block production will be checked before the next status update.Refer to the official tweet by ONE:We reached quorum for both shard 0 and shard 1. Rollback stage 2 GO is active.Validators who completed Stage 1: please follow this GO guide:We will update everyone after confirming the recovered network is healthy, and blocks are being produced and…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.