Harmony Network and RelayChain Cemented A Partnership
Harmony Network and RelayChain have entered into a bridging partnership that will allow token transfers between Harmony and other popular blockchains, including; Ethereum, Avalanche, Polygon, BSC, Moonriver, Shiden, HECO, IoTeX, and Fantom. In addition to being able to send tokens from these networks into Harmony, you will also be able to bridge the $ONE tokens to the other networks.
Harmony is an open and high-throughput blockchain. The mainnet runs Ethereum applications with 2-second transaction finality and 1000 times lower fees. Harmony was the first blockchain to combine PoS (Proof of Stake) and sharing. Unlike other PoS blockchains that give out higher rewards to large stakers, Harmony uses effective PoS to make sure that the smaller stakers are also rewarded. It is an open platform for assets, collectibles, identity and governance.
RelayChain enables fast, secure and low cost cross-chain token transfers between the worlds leading blockchains. The platform offers Bridging as a Service (BaaS) to partner networks and dApps wishing to expand their footprint beyond a single chain. RelayChain currently supports bridges between any combination of Harmony, Moonriver, IoTeX, Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, Shiden and HECO.
Multiple popular networks will be added in the near future. A unique feature of RelayChain is that once a token exists on its platform, it can be bridged to any other EVM in its list of networks.
This can be done in one step without needing to return to the parent chain first. This represents a major feature of speed and convenience for all of the users. The RELAY token holds high utility as it will be used to reward stakers with a share of the native gas tokens collected from bridging fees. RelayChain can enable any project’s tokens to be bridged at no cost to the project.
Relay Chain bridge uniting the most popular block chains.
ABOUT RelayChain
Relay is a cross-chain token transfers on the world’s top blockchains using Relay’s fast, secure chain bridge.
ABOUT Harmony Protocol
Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 1000 times lower fees.
