ONE blockchain to permanently migrate to Ethereum after exploit
The network behind ONE will move to Ethereum, urging users to exit contracts by Sept. 10.
The blockchain behind the ONE cryptocurrency has announced it will permanently abandon its native network and move to Ethereum. The plan follows an earlier exploit and chain rollback, with migration details now being communicated to users.
The announcement urges users holding assets in smart contracts on the existing chain to withdraw them before September 10. This deadline suggests the original network will cease active operations or lose token support after the migration window closes.
A network shift driven by past security issues
The seven-year-old chain experienced a major security incident that led to a rollback, according to the source. The decision to relocate to Ethereum appears to be a strategic move toward greater stability, though no further technical details were provided.
Developers and ONE holders should consult official project announcements for precise steps on token conversion and any implications for existing decentralized applications.