Harmony is planning a hard fork to mint billions of new harmony (ONE) tokens to reimburse victims of its bridge hack last month.
The blockchain claims to be faster and cheaper than Ethereum.
In June, $100 million worth of crypto assets were stolen by a hacker. The assets were kept securely on the Harmony-run Horizon bridge on Ethereum.
Victims of the hack have been asking for a refund since the hack.
According to The Block, the team suggested to the community on Wednesday to fork the Harmony network and mint a fresh supply of tokens to initiate the reimbursement process. “This proposal will require a hard fork of the Harmony blockchain as it will increase the supply of ONE token,” the proposal stated.
The community was given two options to decide how many tokens to mint:
The first option is to mint 2.48 billion ONE tokens ($49.6 million), which the team claimed would be enough for 50% compensation to victims at the current market price of $0.02 per ONE token.
The second choice is to...
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