Crypto News- In a recent milestone, the core developer of Terra Luna Classic, known as L1TF, has successfully executed the v2.3.2 upgrade to address a sequence mismatch issue that had been impacting certain validators following the introduction of the dyncomm module. This upgrade signals a positive development, allowing validators to gradually come back online and resume interactions with the Terra Classic chain. However, the response from traders has been somewhat subdued, resulting in mostly sideways movements in prices.
LUNC Price Rally in the Cards as Terra Luna Classic L1TF Wraps Up v2.3.2 Upgrade
The deployment of the terrad client v2.3.2 for Terra Luna Classic took place at block 15751600 on December 8 at 12:38 UTC. L1TF, the core developer, modified the proposal to an upgrade, providing validators and node operators the necessary time to implement changes while the chain automatically halts.
Last week, the Terra Luna Classic community approved Proposal 11890, titled “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution),” with overwhelming support. A remarkable 99.99% of the community voted “Yes,” with all 66 participating validators, including prominent names like Allnodes, Interstellar Lounge, Interstake One, StakeBin, JESUSisLORD, unanimously supporting the proposal.
On a parallel front, L1TF developer Vinh Nguyen announced the establishment of the Terra Classic Coalition group. Comprising key community members such as Vinh, former L1TF developer Fragwuerdig, L1TF developer Gevik, developer StrathCole, and validator and creator Happy Catty Crypto, the group aims to contribute to the ongoing development of the Terra Classic chain through a pay-per-job model.
Despite these significant developments, the prices of LUNC and USTC have exhibited lateral movement, with traders engaging in profit booking. The Terra Luna Classic ecosystem tokens experienced heightened trading volumes, especially following Binance’s listing of USTC perpetual contract trading and the introduction of new USTC trading pairs, including LUNC/TRY.
As of the latest update, LUNC has seen a nearly 3% decline in the past 24 hours, currently trading at $0.000203. USTC is priced at $0.0443, reflecting a 12% decrease over the week after a remarkable 400% rally. Despite these price fluctuations, trading volumes for both LUNC and USTC have witnessed a decline in the last few days.
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