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 Longest

The 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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.