Cryptocurrency2h ago
Once-hyped Ethereum rival Harmony wants to shut its blockchain over AI threats
AI EXECUTIVE SUMMARY
Developers behind the Ethereum competitor Harmony are proposing a voluntary shutdown of their blockchain network, citing severe security challenges posed by state actors and advanced artificial intelligence agents. The plan involves redirecting network emissions to fund a new artificial intelligence video venture.
WHY IT MATTERS
This move highlights the growing operational security pressures that emerging blockchain projects face from increasingly sophisticated artificial intelligence and state-sponsored threats.
Developers want to voluntarily shut down the network, saying state actors and AI agents have made security too difficult, then redirect ONE emissions into an AI video business.
This story was originally reported by CoinDesk. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
ALSO REPORTED BY OTHER SOURCES (1)
Harmony proposes shutting down layer 1, migrating ONE to Ethereum
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