In a historic move for Terra Luna Classic, the community has given an overwhelming green light to Proposal 12142, with a resounding 99.97% vote in favor. This ambitious proposal marks a pivotal moment, aligning $LUNC with the Cosmos ecosystem and setting the stage for increased maintainability, reduced technical debt, and stronger network security. With $LUNC currently trading at $0.0000876 (-4.65%), could these upgrades be the spark that brings the token closer to the long-coveted $1 mark?
What’s Driving This Massive Community Support?
The community’s response to Proposal 12142 was nothing short of extraordinary. Validators and delegators, including major names like Allnodes and Stakely, rallied behind it. OrbitLabs developers emphasized the urgency of these upgrades, pointing out that maintaining forked versions has been increasingly costly and risky. Missed updates not only increase security vulnerabilities but also drain valuable resources that could be directed toward innovation and growth.
What’s in the Proposal? A Two-Phase Game Plan to Strengthen $LUNC
The roadmap for Terra Luna Classic’s transformation is outlined in a two-phase implementation:
1. Phase One: Consensus Engine Update
Over the next eight weeks, the team will work to bring $LUNC’s consensus engine in line with the latest Cosmos SDK features. This update will solidify the network’s security, fortifying $LUNC against emerging threats and laying the groundwork for future integrations.
2. Phase Two: Wasmd Contract System Upgrade
Following the consensus upgrade, the next ten weeks will focus on upgrading the Wasmd contract system. This ensures compatibility with existing smart contracts, reducing the risk of disruptions for projects and developers using the $LUNC blockchain.
Countdown to the TFL Asset Burn: A Major Catalyst for $LUNC?
As the burn date for TerraForm Labs (TFL) assets looms, the community is abuzz with speculation that LUNC could be on the brink of a major price movement. The combination of reduced supply from the burn, improved security, and alignment with the Cosmos ecosystem could prove to be powerful catalysts in driving $LUNC closer to that elusive $1 target.
A Bright Future Ahead for LUNC and Terra Luna Classic
With Proposal 12142 setting the stage for these vital upgrades, Terra Luna Classic is well-positioned to attract new developers, strengthen its ecosystem, and enhance investor confidence. For the Terra Luna Classic community, these enhancements aren’t just technical improvements—they’re building blocks that bring the dream of a $1 LUNC closer to reality.
Join the Movement on Binance
For investors, the future of LUNC has never been more exciting. With Binance’s extensive trading platform and community-driven spirit, you can join in on this journey and be part of the transformation of Terra Luna Classic. Keep an eye on $LUNC and stay connected with Binance for the latest on this community-driven crypto phenomenon!
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