Latest Terra Classic Updates
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One of the latest updates in the Terra Classic($LUNC
LUNC
0.00014608
+15.16%
community is a proposal from OrbitLabs.
According to a CNF report, the proposal seeks to comprehensively review the recently approved “Reverse-Charge” tax mechanism (Proposal 12143). It also aims to assist with testing the “fix interchain” introduced in SDK 0.47.
Proposal 12143 attempts to implement a “Reverse charge” mechanism on the Terra Classic to replace the tax2gas approach. It simplifies tax handling by deducting tax from the amount sent before reaching the recipient’s wallet. It also eliminates the requirement for the sender to pay the tax as an extra charge.
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