Harmony Proposes Shutting Down Mainnet and Moving to Ethereum

Harmony is preparing to retire its Layer 1 blockchain after seven years of operation. The project team released a proposal to end the mainnet and migrate the ONE token to the Ethereum network. This transition marks a significant pivot for the project as it moves away from its original infrastructure.

The migration process involves taking a final snapshot of the current blockchain. After this, ONE will be reissued as an ERC 20 token on Ethereum through an airdrop for existing holders. The team says this move is necessary to protect the project from emerging security threats like sophisticated AI agents and state actors.

This shift reflects a broader change in the project focus toward AI technology. While the original blockchain will close down, the team intends to keep the community active through the new Ethereum based token. Traders and holders should watch for official instructions on how to handle their assets during the transition period.