Harmony Proposes Shutting Down Layer One Network for Ethereum Migration

Harmony, a blockchain platform focused on scalability and interoperability, has proposed shutting down its layer one network. According to sources, Harmony is planning to migrate its native token ONE from its current chain to the Ethereum blockchain.

The move would allow users to interact with Harmony's decentralized applications (dApps) directly within the Ethereum ecosystem, leveraging the vast developer community and existing infrastructure of the popular blockchain.

While details surrounding the migration plan are scarce, Harmony's proposal aims to simplify its architecture, reduce complexity, and improve overall user experience.