Terra Luna Classic Community Unanimously Approves Key Proposal
The Terra Luna Classic community has taken a significant step by approving a proposal to eliminate forked mainline modules from its blockchain.
This decision is intended to enhance the maintainability of LUNC, reduce technical debt, and align more closely with the Cosmos ecosystem. As the date for the burn of TFL assets approaches, speculation about LUNC reaching the $1 mark has intensified.
Proposal 12142 garnered overwhelming support, with 99.97% of votes in favor, reflecting strong community backing from validators and delegators like Allnodes and Stakely.
Developers at OrbitLabs pointed out that maintaining the existing forked versions not only raises operational costs but also increases the risk of security vulnerabilities due to missed updates.
READ MORE:
Here Are the Top Cryptocurrencies Investors Hold the LongestThe proposal outlines a two-phase implementation plan. The first phase focuses on updating the consensus engine and integrating the latest features from the Cosmos SDK to strengthen security. The second phase aims to upgrade the Wasmd contract system, ensuring compatibility with existing smart contracts and minimizing disruptions.
If finalized, the first phase is expected to take around eight weeks, followed by an additional ten weeks for the second phase, marking a crucial advancement for the Terra Luna Classic network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As BTC nears $100K, keep an eye on Thanksgiving
Holiday gatherings are often a time investors discuss their investment journeys and gains, sparking curiosity
Solana’s all-time high by the numbers
Today we’re bringing you some interesting data to recap Solana’s landmark day
Blockchain-based iGaming platform BoxBet completes funding round led by CMCC Global
Ethereum Price Set for Bullish Push: What’s Next?