The Future of Web3: How Harmony Aims to Bridge Blockchain Gaps

The Vision of a Unified Blockchain World

Li Jiang, the COO of Harmony, strongly believes that a universal bridge connecting all existing blockchains is crucial for ushering in the first billion users to Web 3. He asserts that the future is all about multichain and cross-chain functionality, allowing for seamless movement of assets across different platforms. “You should be able to move assets very easily from one chain to another, with good prices, good rates, and very fast,” he elaborates in an exclusive interview.

Harmony’s Roadmap to a Multichain Future

As a layer-1 blockchain protocol, Harmony is dedicated to creating bridges with major blockchains, aiming to establish itself as a comprehensive Web3 platform by 2026. Jiang points out that while the vision is grand, the current state of blockchain technology presents challenges. Successful onboarding of a billion users is hindered by scalability issues.

Scalability: The Elephant in the Room

Jiang candidly states, “Today, no one can support a billion users. No chain, no ecosystem.” To combat this, Harmony employs advanced techniques like proof-of-stake and sharding technology. These methods enable Harmony to maintain high levels of decentralization, scalability, and security—all at the same time. Remarkably, they claim to achieve two-second finality, positioning themselves as one of the industry leaders without compromising on decentralization or security.

Layer-1 Solutions: The Superior Choice

Jiang compares Harmony’s capabilities to layer-2 protocols built on Ethereum, suggesting that layer-1 solutions will play a more crucial role in creating a cross-chain internet due to their greater flexibility. He emphasizes the notion that the future won’t just favor a single dominant chain; multiple layer-1 protocols, each with their unique strengths, will be able to coexist. “The chains that will grow are the ones that are great at cultivating their native projects,” he adds, pointing to the importance of community and innovation.

Conclusion: The Road Ahead

As the digital landscape evolves, Harmony’s ambitions and innovations place them at the forefront of this revolution. With Li Jiang’s vision steering the ship, Harmony is not just another player in the blockchain space; it aims to be a cornerstone of the future Web3 ecosystem. So while many are still grappling with the challenges of today, Harmony is busy building the bridges to tomorrow.