Harmony Proposes Layer-1 Shutdown, ONE Migration to Ethereum
6 Articles
6 Articles
Harmony proposes to close Layer 1 and migrate token ONE to EthereumHarmony proposes to close Layer 1 and migrate token ONE to Ethereum after exploitation
Harmony Shuts Down Mainnet, Migrates ONE to Ethereum Blockchain News ETHNews
Harmony will retire its 2019 Layer-1 mainnet and reissue ONE as an ERC-20 token on Ethereum. Validators may stop running nodes on September 10, and holders must exit contracts, multisigs and liquidity pools first. The decision follows an August exploit that forged trillions of ONE and a rollback that erased legitimate transactions. The project is […]
According to ChainCatcher, Harmony has released two proposals to completely shut down its mainnet, launched in 2019, migrate its native token ONE to Ethereum, and shift its focus to the AI video "remix economy." The team stated that the threat posed by state-sponsored attackers and AI agents is the reason for proposing the network shutdown plan. The migration plan proposes to take a snapshot of user wallets, staking delegations, validator reward…
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