Terra Luna Classic Community Votes on v2.2.1 Core Upgrade

One sentence summary – The Terra Luna Classic community is currently participating in a voting process for the v2.2.1 core upgrade proposed by the L1 Task Force, which is expected to bring significant changes to the blockchain, while concerns have been raised about its potential impact on decentralized applications and projects.

At a glance

  • The Terra Luna Classic community is currently participating in a voting process for the v2.2.1 core upgrade.
  • The proposal for the upgrade was put forward by the developer L1 Task Force.
  • The upgrade is expected to bring significant changes to the blockchain and has a scheduled implementation date of September 12.
  • Validators have joined the rebel-2 testnet and are prepared to update their nodes once the proposal is approved.
  • Initial voting results show strong support for the proposal, with 99.65% of votes in favor.

The details

The Terra Luna Classic community is currently participating in a voting process.

This vote is in relation to a proposal for the v2.2.1 core upgrade.

The proposal was put forward by the developer L1 Task Force.

This upgrade is expected to bring significant changes to the blockchain.

The proposal is now up for governance voting.

The L1TF developer team has scheduled the implementation of the upgrade for September 12.

The team plans to implement the upgrade at block height 14,514,000.

The L1TF team has successfully completed the testnet upgrade.

All reported issues have been addressed, ensuring a smooth transition.

Validators have joined the rebel-2 testnet.

These validators are prepared to update their nodes with the latest release once the proposal is approved.

Initial voting results show strong support for the proposal.

99.65% of votes are currently in favor of the proposal.

However, there are some opposing voices.

These voices express concerns about the potential impact of this upgrade on decentralized applications (dApps).

Concerns have also been raised about the impact on projects such as Astroport.

These concerns warrant consideration and further examination.

All validators, including JESUSisLORD, StakeBin, Lunanauts, and Hexxagon, support the proposal.

This support adds to the proposal’s credibility and potential for implementation.

The upgrade introduces several key features.

It includes upgrades to the cosmos SDK.

These upgrades will enhance the overall functionality and performance of the Terra Luna Classic blockchain.

The tendermint migration to CometBFT is also included in the upgrade.

The IBC-go to v6 implementation is another feature of the upgrade.

These features are expected to further optimize the blockchain’s capabilities.

Changes to the burn tax distribution module are also part of the upgrade.

These changes will likely have implications for the ecosystem and its participants.

In the past 24 hours, trading volumes for Terra ecosystem tokens, LUNC and LUNA, have increased significantly.

LUNC’s volume has surged by 300%.

LUNA’s volume has soared by a staggering 1900%.

These trading volume surges have coincided with positive price momentum for both tokens.

Currently, LUNC is trading at $0.000060.

LUNC’s 24-hour low and high are $0.0000591 and $0.0000635, respectively.

LUNA is currently trading at $0.41.

This marks a nearly 6% increase in the past 24 hours.

LUNA’s 24-hour low and high stand at $0.391 and $0.474, respectively.

The Terra Luna Classic community is actively engaged in a voting process for the v2.2.1 core upgrade.

This upgrade holds significant potential for the blockchain’s development.

While the proposal enjoys strong support from validators, concerns have been raised about its impact on dApps and projects.

The successful testnet upgrade and positive trading volumes for LUNC and LUNA indicate growing interest and confidence in Terra’s ecosystem.

This news brief is generated based on the provided bullet points.

It should be reviewed and edited by a human reporter for final publication.

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A group of people gathered around a computer, raising their hands to vote on a software upgrade.

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coingape.com
– The Terra Luna Classic community is voting on a proposal for the v2.2.1 core upgrade by developer L1 Task Force.
The upgrade is expected to bring significant changes to the blockchain and is up for governance voting.
The L1TF developer team plans to upgrade the chain at block height 14,514,000 on September 12.
The team has successfully completed the testnet upgrade and fixed all reported issues.
– Validators have joined the rebel-2 testnet and will update their nodes with the latest release after the proposal is approved.
The initial voting shows strong support for the proposal, with 99.65% “Yes” votes.
– However, some oppose the proposal due to the impact of the last upgrade on dApps and projects like Astroport.
– All validators, including JESUSisLORD, StakeBin, Lunanauts, and Hexxagon, support the proposal.
The upgrade introduces several key features, including upgrades to cosmos SDK, tendermint migration to CometBFT, and IBC-go to v6.
– It also implements changes to the burn tax distribution module.
Terra ecosystem tokens, LUNC and LUNA, have seen significant trading volumes in the last 24 hours.
– LUNC volume has increased by 300% and LUNA volume has increased by 1900%.
The prices of LUNC and LUNA have shown upside momentum.
– LUNC is currently trading at $0.000060, with a 24-hour low and high of $0.0000591 and $0.0000635, respectively.
– LUNA is trading at $0.41, up nearly 6% in the past 24 hours, with a 24-hour low and high of $0.391 and $0.474, respectively.

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