The new tax system on #TerraClassic âs L1 chain will replace the previous âTax2Gasâ consensus, eliminating the previous requirement for the payment sender to pay the transfer tax as an extra fee. This outdated logic has imposed multiple challenges on developing decentralized applications on the network, particularly those native to other blockchains.
According to the updates on Orbit Labsâ official X account, the work on implementing this on a Pay-per-Job (PPJ) basis, focusing on fixing interchain tests introduced in SDK 0.47, as well as carrying out a comprehensive code overview of the community-approved âReverse Chargeâ mechanism. Overall, the developers at Orbit Labs set a $2,500 budget for this work to be done.