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The Terra Luna Classic community will vote on the v2.1.0 upgrade proposal on June 7th.
If the proposal is approved, lunch burn army It said the upgrade would go live on June 14th.
v2.1.0 upgrade suggestion This includes implementing a 5% validator fee to attract more validators, Cosmwasm v1.1.x, and protocol security updates including patching the infinite fee grant bug.
Cosmwasm refers to a modular, Cosmos-based platform that simplifies smart contract development. Cosmoism GitHub We detail examples of smart contracts, including those for DeFi and token usage.
The protocol includes a template repository that allows developers to choose a template repository for configuration, eliminating the need to build smart contracts from scratch.
“This gives you a simple contract with tests and a well-configured build environment. From there you can edit the code to add whatever logic you want and publish it as an independent repository.”
Cosmwasm will also enable multi-chain smart contract functionality if the proposal is approved.
The offer was first issued on June 3, but Terra Classic’s price didn’t react until June 4, registering a 36% increase from its daily opening price of $0.00008459.
The move peaked at $0.00011508, a level that has recently proven to be of great support and resistance. An attempt to break out of this price at 4am BST on June 5 was rejected, leading to a slide that erased about half of Sunday’s gains at press time.
The Terra Classic chain is the original Terra chain that has been compromised by UST’s de-pegging, leading to allegations of fraud by Do Kwon and his associates.
The token is 99.9% lower than before. $119.18 This is the all-time high achieved on April 5, 2022. However, Terra Classic proponents claim the project can recover. bull lunchis garnering support for a price of $0.10 in 2024, given its recent performance.
The Terra Luna Classic v2.1.0 upgrade open-voting post first appeared on CryptoSlate.
