Terra Luna Classic Community Passes Key Proposal, LUNC To $0.0003?
The post Terra Luna Classic Community Passes Key Proposal, LUNC To $0.0003? appeared on BitcoinEthereumNews.com.
The Terra Luna Classic community has unveiled a proposal, that appears to have fueled optimism among market participants. The proposed upgrade aims to correct a major issue that was implemented mistakenly in a previous upgrade. Notably, this proposal has also sparked discussions over its potential impact on LUNC price, after the crypto rallied over 17% last week. But the price has failed to maintain its momentum this week amid a volatile scenario in the broader crypto market. Despite that, the community seems to be bullish over a potential rally, with community-driven upgrades and the latest security updates and developments. Terra Luna Classic Proposal Sparks Community Interest The Terra Luna Classic community has revealed a major proposal aiming towards a vital correction. It would address a prior upgrade error that could significantly impact the future of the Terra ecosystem. The latest Terra proposal, dubbed Proposal 12133, is primarily focused on correcting the number of validators allowed on the network. In the previous upgrade, which was mistakenly changed in a recent SDK update. Notably, the current upgrade aims to fix this issue by restoring the maximum number of validators to 110, ensuring the stability of the ecosystem. According to the revelation, the error stemmed from a module in 12125, which mistakenly outdated code during the SDK upgrade. However, community members are rallying now to support the correction, with 63.81% of votes already cast for a “yes”. Notably, the voting on the proposal, which was submitted on September 13, will end in two days. Meanwhile, the latest ecosystem developments like the Tax2Gas upgrade also have boosted the community sentiment. In addition, other recent developments aimed at bolstering the security and efficacy of the ecosystem have also gained attention from market watchers, supporting a much-anticipated rally for the LUNC token. LUNC Price Rally To…
Filed under: News - @ September 17, 2024 10:26 pm