Harmony one wallet- An open and fast blockchain boosting crypto transaction speed
All of us who are dealing with crypto know that all crypto coins are built on blockchain and each blockchain has its own unique codes. However, blockchains may not always be able to bear the load of transactions. Therefore, considering this a major issue, Harmony came up with the idea to build a more scalable blockchain network that could bear the load of huge transactions on the blockchain network. In addition to that, the main aim why this platform was developed is to ensure the development of a fast as well as an open network of nodes.
Although understanding the concept on which Harmony works is not something that everybody would be capable of understanding, you can always reach to their official website to have deep insights into it. However, one thing that you must acknowledge before proceeding to find more about Harmony one wallet is that this platform has built up an ecosystem that would help you with initiating the end-to-end transfer of cryptos. And, all of this is done by integrating the current networks on which you are converting cryptos into fiats.
However, through this article, we are going to focus on Harmony one wallet, how to download its extension, what it actually is, and some alternatives to consider.
What is the Harmony one wallet?
The ONE token developed by Harmony can be used to earn interest. And, to make sure that you are able to stake Harmony One, you will eventually need to have access to a wallet. Although Harmony, from its official website, allows users to use its own crypto wallet, this wallet is no longer available as it is deprecated. However, you can still choose to download the extension on your device. On the other hand, users can also choose to use some other wallets for ONE i.e. MetaMask, Math, and Guarda wallet.
Harmony ONE Wallet extension for Chrome and firefox
If you are interested to download and add the Harmony One wallet extension to your Chrome or Firefox browser, then you can follow the steps listed below:
Open the Chrome extension on your browser
Now, search for "Harmony one wallet"
Followed by this, you can click on the "Add to Chrome" option on the Harmony page
Click the "Add extension" option to finally install the extension
If you want to stake ONE token using the wallet extension that you have just added, then you can follow the steps listed below:
Click on the browser extension icon for Harmony One wallet
Now, in the "Create" tab, please select a name for your account
Then, fill the wallet address details in the "Import" tab
Choose a password for wallet protection
Now, copy down the seed phrase from the screen
Click "Next", confirm the seed phrase, and click "Next" again
Set up a PIN for this wallet and then top up the Harmony wallet
Now, you can start staking One from your Harmony one wallet
How do I add tokens to Harmony ONE?
Before you can stake tokens from your Harmony wallet, you need to add ONE token to your wallet. For this, you simply need to follow the steps given below to add tokens to your wallet:
Open the wallet by tapping on the extension icon
Then, you need to hover your mouse over the wallet address
Now, click on this address and choose the amount
Next up, you can click on the "Send" option to proceed
This way you can top up your wallet easily
Is there a Harmony ONE Wallet for Android/iPhone?
If you are looking for a mobile wallet for Harmony One, then there could be no better option than the Trust wallet. This wallet is available in the form of an application for Android users and is compatible with ONE token. On the other hand, all those who are searching for Harmony ONE wallet iPhone can also use Trust wallet to work with ONE token. This is one of the safest wallets available today allowing you to store and manage a huge collection of crypto assets.
How to use Harmony ONE wallet Metamask?
If you wish to transact with Harmony ONE through MetaMask, here are the easy steps you can follow:
Download and set up MetaMask wallet first
After this, you can simply click on the "Add Network" option
Now, you need to add some details of your Harmony ONE wallet
You need to enter details such as:
Network name
New RPC URL
Chain ID
Currency Symbol
Block Explorer ID
Click the "Save" option to save the details and start transacting
You can gather all these details by navigating to the https://www.Harmony.one/ website.
Steps to set up Harmony One wallet Ledger
After setting up your Ledger Nano S wallet and downloading the Ledger Live app, you can apply the steps that are given below:
Launch the Ledger Live app and select the "Manager" option
Go to the "Settings" menu > Experimental Features > and select "Developer Mode"
Turn the toggle towards the On position for "Developer Mode"
Search for the "Harmony" app using the search bar
Install the app and use your Ledger device to start using Harmony One through it
Conclusion:
Harmony One or Harmony is one of the fastest blockchains available today allowing you to transact crypto tokens in seconds. The Harmony One wallet works to speed up shards and nodes' scalability. However, if you do not want to get more into technical terms, then you simply need to understand that it helps speed up transactions on the blockchain network and charges you a very low fee for the same.