•The Terra Luna Classic community is looking beyond typical on-chain developments to a more diverse approach by enabling on-chain Ethereum Virtual Machine (EVM) support. This will help the community-driven Terra Classic series become compatible with new and emerging technologies, providing several advantages.
•Interestingly, EVM support will allow Terra Luna Classic to use the Solidity programming language. Which are mostly used in EVM chains.
•Terra Luna Classic EVM Functionality Proposition 11978 “Investigation of EVM Functionality” is under vote on the terminal portfolio and has already crossed the success threshold. EVM will expand Terra Luna Classic's use cases by bringing EVM's programmability, composability, sovereignty, and interoperability to the universe.
•The proposal received more than 62% of votes in favor, with 29 ratifiers supporting the proposal. The deadline to vote is January 17.
•Terra Classic will have the ability to become compatible with new and emerging technologies such as optimistic transactions, as Terra Classic does not need to send live security information for each transaction. and Rollups, which allow a much larger number of transactions to be processed simultaneously. Which significantly increases said Terra Classic's processing power.
•Support for EVM on Terra Classic represents a strategic step towards interoperability and adoption of widely used blockchain development standards. This could attract projects like Curve DAO, Uniswap, ChainLink, Hedera, and others.
•Furthermore, the inter-blockchain communication (IBC) restrictions on EVM will provide an additional advantage to Terra Luna Classic. The proposal identifies potential approaches. With an emphasis on careful, governance-based decision-making.
