Harmony’s open, decentralized network is enabled through the use of the native protocol token - Harmony ONE. The token incentivizes and rewards a variety of participants including developers, validators/stakers, investors, and community members who develop, secure and govern the network. In order to use the network, users pay a small transaction fee denominated in the native Harmony token.
Harmony has proposed a plan to implement a hardfork and issue more tokens ONE to reimburse users affected by the recent $100 million exploit in its bridge Horizon . Pero la comunidad está furiosa con la propuesta.
- Harmony wants to issue more ONE tokens
- Seeks to reimburse users affected by hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion.
- The community is not convinced by the proposal
A month ago, a popular product on the network a network refers to all nodes in the operation of a blockchain at any given moment in time.Harmony was attacked over $100 million in cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exploits in what is considered one of the biggest crypto hacks in recent weeks.
Now, the developers behind the networkBlockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Harmony have proposed the issuance of ONE tokens to cover losses from the piracy of their bridge product. Horizon.
“El incidente del puente Horizon resultó en la pérdida de activos digitales por valor de USD $ 99.340.030,00 en aproximadamente 65.000 billeteras y 14 tipos de activos diferentes”The developers said Wednesday in a proposal posted on the protocol’s governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. forum. “ The Harmony team feels it is important to the overall strength of the ecosystem that the damage to the affected wallets is mitigated in the most feasible and viable way for the project.”
The developers presented two options. The first proposes an estimated 100% payback with the minting of 4.97 billion ONEs, which equates to 138 million tokens per month over a three-year period. The second proposal is an estimated 50% payback. That would mean a mintage of 2.48 billion ONEs, or 69 million tokens per month over the same period.
Both proposals are based on the token’s current price of 2 US cents, meaning that the amount of the rebate would not change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. if ONE’s price were to fall further. That level is a 95% drop from ONE’s lifetime peak of 37 cents in October 2021.
Harmony said the stolen tokens caused contagion damage in the form of bad loans “ through a handful of DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. loan protocols”. in the ecosystem ofHarmony, referring to decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance.
“If these bad loans are not resolved, DeFi’s lending protocols may choose to stop supporting Harmony on their platforms.” explained the developers, adding that 86 million ONEs will be minted as part of the repayment plan and distributed to “certain DeFi protocols affected” during the same three-year period.
Harmony added that it opted not to use its treasury funds to reimburse users because it went against “the interests of longevity and the welfare of the project”.
The security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. firm Elliptic linked the attack to the North Korean hacking group Lazarus based on the movement of stolen funds that occurred primarily during the nighttime hours in Asia-Pacific and the attack using techniques that “frequently used” the Group Lazarus .
Community voting on the proposals will begin on August 1st at theHarmony and will close refers to the closing price; similar to the same term used in stock trading. on August 15.
The proposal has received an overwhelming rejection from the community of Harmony . One of the most upvoted comments in the thread exclaimed “¡NO MINE MÁS!” and argued that inflating the supply of ONE would “fuck those who are staking participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards. out “. Another user complained that they had waited “2 weeks for this shitty proposal and no repeat.” and added that a hardfork would kill the already “small chance” of the chain’s survival.
Much of the resentment is centered on the plan ofHarmony to protect its treasury while asking token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. holders to bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” the brunt of the hacking on the premise that they need funds to develop the project. Some members of the community also didn’t seem to like the approach of “take it or leave it” de Harmony. “ In case we do not get the required participation from the validator, we will resort to “no refund”. said the team in the proposal. “ How should I look at this statement – a threat?” said one person.
Version of DiarioBitcoin
Imagen de Unsplash