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Terra Luna Classic Proposal For v2.2.1 Upgrade Officially Passed Proposal 11766 by L1 Terra Classic Task Force (L1TF) to upgrade the blockchain to v2.2.1 is officially passed by the Terra Luna Classic community. advertisement The proposal received unanimous support from the community, with 99.85% “Yes” votes. In total 50 validators participated in the governance voting and 49 voted in favor of the proposal. Top validators including Allnodes, Interstellar Lounge, HappyCattyCrypto, Stakely, 1maxfee, and others support the proposal. L1 Terra Classic Task Force (L1TF) developer  Vinh Nguyen earlier revealed that the developer team is ready for the v2.2.1 core upgrade. The L1TF developer team will upgrade the chain at block height 14,514,000, estimated at 10:21 UTC on September 12. The v2.2.0 core upgrade includes cosmos SDK upgrade, tendermint migration to CometBFT, IBC-go to v6, and wasmd. The upgrade also implements key changes earlier passed through ...

The hype around Terra Classic’s staking service and new token-burning feature is helping fuel the LUNC rally. Terra Classic (LUNC) has outperformed all top-ranking cryptocurrencies so far in September gaining nearly 100% in the past seven days alone. Terra Classic outperforms crypto market The token surged more than 250% month-to-date to reach $0.000594 on Sept. 8, its best level on record. Whereas Bitcoin (BTC) dropped 4% and Ether (ETH) gained only 3.5% in the same period. The profits in the Terra Classic market appeared despite its association with the defunct Terra (LUNA) token, a $40 billion project that collapsed in May. Terra Classic is a rebranded version of the same Terra project and thus has been the subject of skepticism from analysts and investors since its debut. But, traders have ignored such warnings in recent weeks, with a flurry of fundamental catalysts influencing them to purchase LUNC. Staking service A new staking service went live on the Terra Classic chain on Aug...

Proposal 11477 “Increase MaxContractSize to upload code” submitted by TerraPoker to increase of key on Cosmos Wasm MaxContractSize to 819200 from 614400 is passed. This will allow the protocol to upload its contract on the chain and contribute to the LUNC burn campaign. advertisement TerraPoker in a tweet on April 24 appreciated the community for supporting the project to launch on the Terra Classic chain. The project will provide the poker game with LUNC soon and promises to burn 10% of the rake fees collected. The adjustment in contract size will not only welcome Terra Poker into the Terra Classic ecosystem, but also allow other protocols to join and help developers build better solutions. The proposal has received 60% of votes in favor, while 31% voted “No” and 8% voted “Abstain.” The current sentiment in the LUNC community suggests the proposal will increase utility on the chain and boost LUNC burn. Thus, major valida...

In May, Terraform Labs moved 1.8 million CVX tokens worth nearly $8.7 million to a wallet address starting with “0x15A5” after 277 days of inactivity. Terraform Labs is one of the largest holders of Convex Finance (CVX) and locked large amounts of tokens last year. advertisement Do Kwon’s Terraform Labs Sells CVX Tokens Terraform Labs-linked address “0x15A5” swapped 110,000 CVX tokens worth over $450,000 to Tether (USDT) and Ethereum (ETH) on July 12 and July 13. It swapped 60,000 CVX to USDT and 50,000 CVX to 107 ETH worth nearly 200k. Currently, there are 1.68 million CVX tokens (worth $6.7 million) left in the wallet address, which is the largest holder. This address received 1.83 million CVX from Terraform Labs wallet address. Interestingly, the transaction worth million almost a year after the Terra-LUNA crisis raised questions in the crypto community, sparking concerns about another challenge for the industry. However, the tra...

Terra Classic Developer Successfully Completes v2.1.1 Parity Upgrade Joint L1 Task Force project manager  LuncBurnArmy  took to Twitter to reveal that the Terra Classic blockchain was successfully upgraded with v2.1.1 at block height 13215800. He praised validators and others who took part in the upgrade. advertisement The v2.1.1 upgrade has been completed! Thank you to all validators for such a smooth upgrade. Parity has arrived. Thank you @TheVinhNguyen4 @frag_dude, Xi, for your endless work on this on this upgrade! Also, thank you to all of the validators for a great upgrade! — 🔥LuncBurnArmy🔥 (@luncburnarmy) June 14, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliat...