The Harmony team has proposed shutting down its blockchain network, citing significant risks posed by artificial intelligence (AI) as a primary concern. This proposal includes plans to migrate the network's native token, ONE, to the Ethereum blockchain.
Reports mentioning Harmony
The developers behind the once-hyped Ethereum rival blockchain, Harmony, have proposed a voluntary shutdown of the network. This drastic measure stems from escalating security concerns, which the development team attributes to the increasing sophistication of state actors and artificial intelligence…
The Harmony blockchain has undergone a rollback of approximately 109,000 transactions in response to a single exploit that compromised the network. This decision was made by the Harmony team to prevent the creation of an inconsistent chain state, a critical…
Bitcoin maintained a price point near $64,000 on July 10, 2024, as financial markets adopted a cautious stance ahead of the release of key United States inflation data. This period of relative stability for the leading cryptocurrency contrasts with recent…
The blockchain platform Harmony is investigating a suspected exploit that has potentially inflated the supply of its native token, ONE, by an estimated 2.8 billion tokens. This significant increase in supply has led to concerns about market stability and has…