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New Harmony Mainnet Network Upgrade Is on Its Way

Originally published on: </strong><br /> <a href="https://www.coinspeaker.com/harmony-mainnet-upgrade/"><u>Read the original article</u></a></p> <p>August 09, 2019</p> <div id="primary"> <div id="content" role="main"> <article id="post-88408"> <p>The Harmony network has just carried a network upgrade increasing, the number of nodes from 600 to 800. Moreover, it is possible that Harmony will be officially listed on Coinbase in the future.</p> <div> <p><a href="https://www.coinspeaker.com/ieo/harmony/" rel="noopener noreferrer" target="_blank">Harmony</a>, a startup from the <a href="https://www.coinspeaker.com/ieo/platform/binance-launchpad/" rel="noopener noreferrer" target="_blank">Binance Launchpad</a> program, is actively working on new upgrades on its network, expanding the Harmony Mainnet. While one rolling network upgrade has been already completed earlier this week, the following upgrade is scheduled for today, the 9<sup>th</sup> of August.</p> <p>The official blog post from Harmony <a href="https://medium.com/harmony-one/become-a-harmony-mainnet-node-on-august-9th-b522db6a12f8" rel="noopener noreferrer" target="_blank">states</a>:</p> <blockquote> <p>“Our engineering team implemented and successfully completed a rolling network upgrade this week to expand [the] Harmony Mainnet from 600 to 800 nodes, with 208 external nodes or 26% external participation.”</p> </blockquote> <p>Now, in its quest to become a fully decentralized and permissionless network, Harmony has also announced that it is looking to “on-board 30% external nodes”.</p> <p>The Harmony project is a secure sharding-based blockchain platform created by a brilliant group of developers from heavy industry institutions such as Harvard, <a href="https://www.coinspeaker.com/organizations/google/" rel="noopener noreferrer" target="_blank">Google</a>, <a href="https://www.coinspeaker.com/category/news/payments-and-commerce/payments-companies/apple-inc/" rel="noopener noreferrer" target="_blank">Apple</a> and <a href="https://www.coinspeaker.com/organizations/amazon/" rel="noopener noreferrer" target="_blank">Amazon</a>. The network <a href="https://www.coinspeaker.com/harmony-launches-mainnet-blockchain/" rel="noopener noreferrer" target="_blank">launched</a> the first phase of its Mainnet on the 30<sup>th</sup> of June 2019. At the time, it was announced that the Harmony blockchain will have a sum of four shards, each with 150 nodes, bringing the total number of nodes to 600. External validators were also to make up 25% of all the nodes, with each earning block rewards of 0.1 $0NE per block per node.</p> <p>Harmony’s official Twitter posted a tweet announcing the planned upgrade and an invitation for interested participants to fulfill the stipulated requirements.</p> <blockquote data-dnt="true" data-width="474"> <p dir="ltr" lang="en">Our next rolling network upgrade is scheduled for Aug 9th.</p> <p>We aim to onboard 30% external nodes as we continue to work towards a fully-permissionless and decentralized network.</p> <p>To include your node please submit your network info by 8:00am PDT.<a href="https://t.co/iMhrLigeye">https://t.co/iMhrLigeye</a> <a href="https://t.co/1VuDEY5QVZ">pic.twitter.com/1VuDEY5QVZ</a></p> <p>— Harmony (@harmonyprotocol) <a href="https://twitter.com/harmonyprotocol/status/1159667973570756609?ref_src=twsrc%5Etfw">August 9, 2019</a></p> </blockquote> <h2><strong>The Node-Running Basics</strong></h2> <p>Now, according to the recent announcement, pretty much anyone anywhere in the world, who satisfies the stipulated requirements and also has just enough computing power, can run their own node on the Harmony Mainnet. This can be run by following a step-by-step <a href="https://nodes.harmony.one/foundational-node-playbook/setupnode" rel="nofollow noopener noreferrer" target="_blank">guide</a> as itemized and published on the official Harmony website. Furthermore, even though anyone can run nodes, each entity is only allowed to run a maximum of 2 nodes at the moment. Anyone who’s interested in running nodes would be required to stake 1 million ONE tokens on each node.</p> <p>For incentives, the block rewards obtainable daily is calculated by dividing 1 million ONE tokens by the network’s current number of nodes. Harmony has set the rewards to be calculated this way to serve as an incentive that is attractive enough for new nodes that are just becoming a part of the network.</p> <h2><strong>Harmony Goes Up</strong></h2> <p>As we have <a href="https://www.coinspeaker.com/matic-harmony-coinbase/" rel="noopener noreferrer" target="_blank">reported</a> earlier, <a href="https://www.coinspeaker.com/organizations/coinbase/" rel="noopener noreferrer" target="_blank">Coinbase</a> recently declared on its official <a href="https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-4d2ecbcbd38c" rel="noopener noreferrer" target="_blank">blog</a>, that it was considering listing a few new assets, one of which was Harmony. Following this news, the price recorded a surge by as much as 40% on Tuesday the 6<sup>th</sup> of August reaching $0.013 according to data from <a href="https://coinmarketcap.com/currencies/harmony/" rel="noopener noreferrer" target="_blank">CoinMarketCap</a>.</p> <p>Harmony is one of two assets being reviewed for listing by Coinbase, that originated from the Binance Launchpad, with the other being <a href="https://www.coinspeaker.com/ieo/matic-network/" rel="noopener noreferrer" target="_blank">Matic</a>. Binance CEO, Changpeng “CZ” Zhao,  even expressed some pleasure at the Coinbase announcement saying in a <a href="https://twitter.com/cz_binance/status/1158766041444442115?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1158766041444442115&ref_url=https%3A%2F%2Fwww.coinspeaker.com%2Fmatic-harmony-coinbase%2F" rel="nofollow noopener noreferrer" target="_blank">tweet</a> saying that he was glad to see Coinbase supporting 2 of the Binance LaunchPad projects.</p> </div> </article> <nav role="navigation"></nav> </div> </div> <div class="flownews_advertisement_content_banner"><!-- JuicyAds v3.0 --> <script async src="//adserver.juicyads.com/js/jads.js"></script> <ins id="640183" data-width="728" data-height="102"></ins> <script>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':640183});</script> <!--JuicyAds END--></div><span class="tags-links"><span class="screen-reader-text">Tags: </span><a href="https://cryptotimes.news/tag/blockchain/" rel="tag">Blockchain</a>, <a 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} .box_advertisement { height: 125px; } .box_advertisement iframe { transform: scale(.61); transform-origin: left top; } .flownews-banner-footer { height: 125px; } .flownews-banner-footer iframe { transform: scale(0.85); transform-origin: left top; } .adv-home-content { height: 93px; } .adv-home-content iframe { transform: scale(0.91); transform-origin: left top; } .adv2-home-content { height: 81px; } .adv2-home-content iframe { transform: scale(0.78); transform-origin: left top; }} /* 765px */ @media only screen and (min-width: 765px) { .flownews_advertisement_content_banner { height: 20px; } .flownews_advertisement_content_banner iframe { transform: scale(.62); transform-origin: left top; } .box_advertisement { height: 145px; } .box_advertisement iframe { transform: scale(.68); transform-origin: left top; } .flownews-banner-footer { height: 120px; } .flownews-banner-footer iframe { transform: scale(0.92); transform-origin: left top; } .adv-home-content { height: 95px; } .adv-home-content iframe { transform: scale(0.93); transform-origin: left top; } .adv2-home-content { height: 85px; } .adv2-home-content iframe { transform: scale(.79); transform-origin: left top; }} /* 980px */ @media only screen and (min-width: 980px) { .flownews_advertisement_content_banner { height: 40px; } .flownews_advertisement_content_banner iframe { transform: scale(.85); transform-origin: left top; } .box_advertisement { height: 200px; } .box_advertisement iframe { transform: scale(.89); transform-origin: left top; } .flownews-banner-footer { height: 130px; } .flownews-banner-footer iframe { transform: scale(1); transform-origin: left top; } .adv-home-content { height: 97px; } .adv-home-content iframe { transform: scale(0.91); transform-origin: left top; } .adv-block-home { height: 215px; } .adv-block-home iframe { transform: scale(0.8); transform-origin: left top; } .adv2-home-content { height: 90px; } .adv2-home-content iframe { transform: scale(.81); transform-origin: left top; }} /* 1152px */ @media only screen and (min-width: 1152px) { .flownews_advertisement_content_banner { height: 60px; } .flownews_advertisement_content_banner iframe { transform: scale(1); transform-origin: left top; } .box_advertisement { height: 240px; } .box_advertisement iframe { transform: scale(1.03 ); transform-origin: left top; } .flownews-banner-footer { height: 135px; } .flownews-banner-footer iframe { transform: scale(1); transform-origin: left top; } .adv-home-content { height: 103px; } .adv-home-content iframe { transform: scale(1); transform-origin: left top; } .adv-block-home { height: 250px; } .adv-block-home iframe { transform: scale(.95); transform-origin: left top; } .adv2-home-content { height: 103px; } .adv2-home-content iframe { transform: scale(.99); transform-origin: left top; }} /* 1280px */ @media only screen and (min-width: 1280px) { .flownews_advertisement_content_banner { height: 60px; } .flownews_advertisement_content_banner iframe { transform: scale(.98); transform-origin: left top; } .box_advertisement { height: 240px; } .box_advertisement iframe { transform: scale(1.03 ); 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