Li Jiang, COO at Harmony, thinks that a bridge linking all existing blockchains is vital to onboard the initial 1 billion users on Web 3.
“We think that the future is multichain and cross-chain, that you should be able to move assets very easily from one chain to another, with good prices, with good rates and very fast.”, he informed Cointelegraph in a special meeting.
Harmony is a Layer-1 blockchain procedure that focuses on producing bridges with all significant blockchains and also ending up being a “unifying Web 3 platform” by 2026.
Jiang recognizes that blockchain modern technology is not fully grown adequate to onboard such a big quantity of users because of scalability constraints.
“Today, no one can support a billion users, no chain, no ecosystem”, he claimed.
Harmony is resolving these constraints by leveraging proof-of-stake and also sharding modern technology. That, as Jiang mentioned, permits Harmony to all at once accomplish high degrees of decentralization, scalability, and also protection.
(*1*) he mentioned.
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