The post Terra Classic Community Votes On Key Proposal To Reduce Broader Costs appeared on BitcoinEthereumNews.com.

LUNC news: The Terra Classic community has advanced a proposal that aims to reduce the broader costs of the ecosystem. The proposal, which was submitted on October 20, already received a majority vote in favor of it. Besides, it also comes as the community anticipates a LUNC price breakout in the coming days. LUNC News: Terra Classic Advances Key Proposal To Reduce Costs In the latest LUNC News, the Terra Classic community advances a major proposal to remove forked mainline modules from its ecosystem. OrbitLabs, the team behind the proposal, argues that the current system has caused higher maintenance costs and technical debts, which decreases the efficacy of the ecosystem. So, removing these outdated components and adopting standard modules would help the Terra ecosystem to benefit from improved maintainability, enhanced security, and quicker adoption of upstream updates. Notably, one key issue highlighted in the proposal is the use of outdated versions of Cosmos modules, which has led to increased complexity in the system. Meanwhile, the forked versions not only raise operational costs but also increase the risk of missing important security updates, the proposal said. OrbitLabs stressed that without action, Terra Classic would face growing security risks, higher expenses, and diminished competitiveness in the evolving crypto landscape. So, the proposal plan, which involves two phases, will first focus on updating the consensus engine and the Cosmos SDK. By doing so, Terra Classic will be more in line with the latest security features and innovations from the Cosmos ecosystem. On the other hand, the second phase will involve upgrading the Wasmd contract system, ensuring compatibility with existing smart contracts, and minimizing disruptions during migration. Notably, if the proposal passes final approval, the timeline includes eight weeks for phase one and another ten weeks for phase two. Once completed, Terra Classic can…

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Filed under: News - @ October 22, 2024 10:26 pm