Generate composer.json from existing project section is not helpful... Improving with other approach #386
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Now this section link to a non maintained module, without a easy d8 way, just this issue: https://www.drupal.org/project/composer_generate/issues/2613350
There is a way more simple:
https://drupedia.org/blog/development/how-update-your-drupal-8-website-use-composer-drupal-project
I suggest to link to this post...