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Harmony ONE Explained - 2 Minute CryptoWhat Is Harmony Coin? Harmony blockchain functions as a proof of stake (PoS) method for its governance token, Harmony ONE crypto. The ONE token's unique. Harmony is a high-performance blockchain platform with fast and low-cost transactions. How does it work? Why do we need it? Harmony is an open and fast blockchain, featuring a mainnet that runs on an Ethereum network with 2-second transaction finality and times.