A public key serves as an address that can be shared with other parties to perform transactions.When you first buy token, you’re issued with two keys: public and private. The Harmony token has multiple functions within the protocol, including staking for participation in the proof-of-stake consensus, payment for transaction fees and storage fees, and voting for on-chain governance. Additionally, the implementation of zero-knowledge proofs will allow Harmony to become a data sharing platform, overcoming the challenges of mutual distrust among market participants. Harmony uses blockchain technology to align the incentives of different stakeholders and enable the creation of open marketplaces for fungible and non-fungible tokens and assets. Harmony's protocol, known for its scalability and high-throughput, is powered by the Harmony token, which serves as a means of payment and participation in various aspects of the protocol, including staking, transaction fees, voting, and governance. To utilize the network, users pay a small transaction fee in Harmony tokens. Harmony's decentralized network relies on its native protocol token, Harmony ONE, to incentivize and reward developers, validators/stakers, investors, and community members who contribute to the network's development, security, and governance.

Harmony one