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Terra Luna Classic($LUNC ) Core Developer Proposes Vital Upgrades and Enhanced Maintenance In a significant move for the #TerraClassic blockchain, Genuine Labs, a dedicated team of three developers, has submitted a proposal to become the official core developer. Their mission? To elevate the platform’s performance, security, and overall user experience. The Need for a Dedicated Team Following the disbandment of the JL1TF team, the urgency of having a specialized group for code review, PR merging, and ongoing maintenance has become crystal clear. Genuine Labs steps up to address this critical gap. Genuine Labs Takes the Helm Genuine Labs aims to manage the classic-terra/core repository, which has until now been community-driven. Their expertise spans codebase intricacies, interchain compatibility, and security protocols. “We’re committed to ensuring the longevity and stability of the #TerraLunaClassic blockchain,” says a senior developer known as ‘expertdicer.’ Key Responsibilities The proposed responsibilities of Genuine Labs include: Code Review and PR Merging: Rigorous scrutiny of code changes ensures robustness and adherence to best practices. Feature Integration: Seamless integration of new features, tested end-to-end and across interchain connections. Security Patches: Vigilance in safeguarding against vulnerabilities by patching cosmos-sdk, ibc-go, comet-bft, and wasmd. Technical Support: A lifeline for the community, providing expert guidance and troubleshooting. Online Assistance during Upgrades: Ensuring smooth transitions during chain upgrades. Transparency and Accountability Genuine Labs commits to transparency. Regular progress updates, detailed plans, and comprehensive logs will be shared openly with the community. This commitment fosters trust and collaboration. #Binance55thProject(IO) #ETHETFsApproved #bitcoin #altcoins #BTC

Terra Luna Classic($LUNC ) Core Developer Proposes Vital Upgrades and Enhanced Maintenance

In a significant move for the #TerraClassic blockchain, Genuine Labs, a dedicated team of three developers, has submitted a proposal to become the official core developer. Their mission? To elevate the platform’s performance, security, and overall user experience.

The Need for a Dedicated Team

Following the disbandment of the JL1TF team, the urgency of having a specialized group for code review, PR merging, and ongoing maintenance has become crystal clear. Genuine Labs steps up to address this critical gap.

Genuine Labs Takes the Helm

Genuine Labs aims to manage the classic-terra/core repository, which has until now been community-driven. Their expertise spans codebase intricacies, interchain compatibility, and security protocols. “We’re committed to ensuring the longevity and stability of the #TerraLunaClassic blockchain,” says a senior developer known as ‘expertdicer.’

Key Responsibilities

The proposed responsibilities of Genuine Labs include:

Code Review and PR Merging: Rigorous scrutiny of code changes ensures robustness and adherence to best practices.

Feature Integration: Seamless integration of new features, tested end-to-end and across interchain connections.

Security Patches: Vigilance in safeguarding against vulnerabilities by patching cosmos-sdk, ibc-go, comet-bft, and wasmd.

Technical Support: A lifeline for the community, providing expert guidance and troubleshooting.

Online Assistance during Upgrades: Ensuring smooth transitions during chain upgrades.

Transparency and Accountability

Genuine Labs commits to transparency. Regular progress updates, detailed plans, and comprehensive logs will be shared openly with the community. This commitment fosters trust and collaboration.

#Binance55thProject(IO) #ETHETFsApproved #bitcoin #altcoins #BTC

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$LUNC 🔥📈 Latest Developments in Terra Luna Classic and SEC Case Against Terraform Labs Legal Updates Terraform Labs and its CEO, Do Kwon, have recently reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC). This settlement follows charges from the SEC accusing them of defrauding investors through the TerraUSD (UST) stablecoin and other crypto asset securities. Initially, the SEC sought $5.3 billion in fines, but the final settlement details are still pending court approval. Do Kwon, who was arrested in Montenegro for using falsified travel documents, remains entangled in legal battles and faces potential extradition to either the U.S. or South Korea. The settlement agreement with the SEC has provided some relief to the Terra ecosystem tokens, with LUNA and LUNC showing positive price movements following the news. Market Impact The news of the settlement has had a noticeable impact on the market. Terra Classic (LUNC) and Terra (LUNA) saw significant gains. LUNC’s price increased by approximately 15% shortly after the settlement announcement, reflecting renewed investor confidence. This surge is part of a broader positive trend for Terra ecosystem tokens, with LUNA also experiencing a notable price increase. Despite these gains, the market remains cautious due to ongoing legal uncertainties. The broader cryptocurrency market has been experiencing fluctuations, influenced by various factors including regulatory developments and market sentiment. #altcoins #ETHETFsApproved #FIT21 #bitcoin #FIT21
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