What is ONE
ONE is the native asset for Harmony, an "open and fast" blockchain network and smart contract platform capable of running Ethereum based decentralized applications (DApps) with 2-second transaction finality and 100 times lower fees than Ethereum network. Harmony aims to build an open network of nodes called Pangaea, operated and governed by a large community with the vision “For One and For All". Harmony ONE blockchain utilizes Effective Proof-of-Stake (EPoS) consensus mechanism to reduce centralization while supporting stake delegation, reward compounding and double-sign slashing. Harmony supports all major NFT standards and enables migration of assets from other blockchains using Horizon Bridge. Harmony ONE holders can delegate tokens to existing validator nodes to earn a portion of block rewards for helping secure the network.