Home Blockchain Terra Luna Classic Embraces Upgrade to v2.3.0: Dynamic Changes Afoot

Terra Luna Classic Embraces Upgrade to v2.3.0: Dynamic Changes Afoot

Terra Luna Classic

In a significant stride toward bolstering its protocol capabilities, Terra Luna Classic, a prominent blockchain platform, has unanimously greenlit the implementation of Proposal 11874 for the v2.3.0 upgrade. This transformative move, validated through community governance voting, marks a pivotal moment for the Terra Luna Classic ecosystem.

The essence of this proposal revolves around the integration of the dyncomm module, a revolutionary addition aimed at introducing dynamic changes within the platform. This module, nestled within the terrad client v2.3.0 (also known as “v6”), promises to bring forth a dynamic validator commission system. Its core functionality entails establishing minimum validator commissions based on voting power, emphasizing a fair and flexible structure for all stakeholders involved.

Scheduled for deployment at the anticipated height of 15493370, precisely slated for November 20 at 11.19 AM UTC, as per data provided by StakeBin, this upgrade heralds a new era for Terra Luna Classic enthusiasts and investors alike.

The resounding support behind Proposal 11874 echoes the overwhelming consensus within the community, with a staggering 93% of affirmative votes and a mere 7% abstention. Such resolute backing reflects a unified stance towards embracing dynamic validator commissions, illustrating the collective vision for the platform’s evolution.

Among the 60 actively participating validators, notable entities such as Allnodes, Interstellar Lounge, HappyCattyCrypto, TerraCVita, and Interstake One prominently endorsed the proposal. This collaborative effort by industry-leading validators underscores the widespread acknowledgment of the upgrade’s significance within the Terra Luna Classic ecosystem.

Earlier endorsements by the L1TF team and the appointment of Fragwuerdig, a former L1TF developer, to oversee the development of dynamic validator commissions serve as testimony to the meticulous planning and expertise driving this groundbreaking upgrade. Rigorous testing precedes the module’s integration into the columbus-5 mainnet, ensuring a seamless transition and robust functionality.

Earlier deliberations within CoinGape Media illuminated the official approval of the dyncomm module for dynamic validator commissions by the L1TF team. Notably, the esteemed stewardship of former L1TF luminary Fragwuerdig in steering the development of dynamic validator commissions promises a meticulous and robust roadmap. Upon meticulous testing, dyncomm will gracefully unfold its potential on the columbus-5 mainnet, setting a new standard in operational prowess.

The resurgence of LUNC price, surging by 1% subsequent to a 24-hour nadir of $0.000074, currently resonates at $0.0000758. An unmistakable testament to the market’s immediate acknowledgment and endorsement of the epochal upgrade. Yet, amidst this resurgence, a 20% decline in trading volume over the last 24 hours emerges as a flickering indicator of transient market sentiments.

However, the broader landscape unveils a staggering narrative of resilience and progress. Witnessing a remarkable 40% ascent in a month, the resurgence of LUNC price amplifies the optimism surrounding Terra Luna Classic’s future. In parallel, USTC price mirrors this upward trajectory, trading at $0.013, charting a commendable 20% climb in the same period.

Amidst these developments, the market witnessed a commendable resurgence in LUNC prices, showcasing a 1% surge from its 24-hour low of $0.000074 to its current trading position at $0.0000758. While the trading volume experienced a 20% decline over the last 24 hours, indicating a temporary wane in trader interest, the overall trajectory points to a steadfast rebound.

This remarkable bounce-back in LUNC prices aligns with broader market trends, indicating an upward surge of nearly 40% in a month. Simultaneously, USTC prices exhibit a commendable uptick, trading at $0.013 and reflecting a 20% increase within the same period.

This groundbreaking upgrade in the Terra Luna Classic ecosystem not only augments the platform’s technological prowess but also amplifies its appeal within the ever-evolving crypto landscape. With a community-driven ethos and a commitment to innovation, Terra Luna Classic stands poised to carve its path towards greater resilience and adaptability.

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Sakamoto Nashi

Nashi Sakamoto, a dedicated crypto journalist from the Virgin Islands, brings expert analysis and insight into the ever-evolving world of cryptocurrencies and blockchain technology. Appreciate the work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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