🌖 Latest Terra Classic Updates: OrbitLabs Proposes Enhancements
The Terra Classic ($LUNC ) community is abuzz with a new proposal from OrbitLabs aimed at refining recent developments. According to a CNF report, the proposal focuses on a detailed review of the recently approved "Reverse-Charge" tax mechanism (Proposal 12143) and assisting with testing the "fix interchain" feature introduced in SDK 0.47.
Proposal 12143 seeks to replace the existing tax2gas approach with a more efficient "Reverse-Charge" mechanism. This new system simplifies tax handling by deducting the tax from the amount sent before it reaches the recipient’s wallet, eliminating the need for senders to pay the tax as an additional charge.
OrbitLabs has previously submitted proposals targeting the removal of outdated Cosmos modules to enhance security and streamline updates for the Terra Classic network. These initiatives underline OrbitLabs’ commitment to improving the functionality and efficiency of the Terra Classic ecosystem.
The community continues to engage in these discussions, signaling a proactive approach toward optimizing the platform for its users.