After the chain upgrade and hard fork on the Terra side, the $LUNA price moved. This movement was also seen in
$LUNC . The increases that occurred yesterday gave way to a decrease today.
Developments continue on the Terra Classic side. The Terra Classic software upgrade and fork proposal is expected to take place in the next 1-2 weeks. Orbit Labs made the statement on this subject.
When the term fork is used, a coin split is understood. There is no such situation.
Fork is the division of cryptocurrencies into separate copies in the existing blockchain networks to which they are connected.
The division here is related to the blockchain... ⚠️
In a Soft Fork; There is a software change in a certain section of the blockchain. Validators make the update regarding this section.
In a Hard Fork; There is an upgrade in the entire blockchain. The old version is no longer valid. Validators update the highest version of the protocol software.
Hard forks create a permanent chain split, where the old blockchain software is no longer compatible with the new version, while soft forks do not create a new blockchain and are therefore backward compatible.
In short; the coin is not split. If a coin is split or a part of it is burned, a chain upgrade can be performed in the form of a fork...
#TerraClassic #Terra #TerraLabs $LUNC