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.
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 #TerraLunaClassic network.