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Harmony Moves to Close Its Layer‑1 and Shift ONE Toward Ethereum

Covered by 1 source · 1 article

TL;DR Harmony proposed shutting down its layer-1 blockchain and migrating the ONE token to Ethereum as an ERC-20, seven years after its mainnet launch. An exploit in August allowed the minting of nearly 4 billion unauthorized ONE tokens, eq…

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Harmony Moves to Close Its Layer‑1 and Shift ONE Toward Ethereum
Crypto Economy 1h ago

Harmony Moves to Close Its Layer‑1 and Shift ONE Toward Ethereum

TL;DR Harmony proposed shutting down its layer-1 blockchain and migrating the ONE token to Ethereum as an ERC-20, seven years after its mainnet launch. An exploit in August allowed the minting of nearly 4 billion unauthorized ONE tokens, eq…