đ Terra Luna Classic Key Proposal Fails, $LUNC Price Soars 5%
Terra Luna Classic community has rejected a crucial proposal on preventing validators from running multiple nodes on the chain. The proposal received some votes in favor from validators, but top validator Allnodes voted âNoâ citing âNo enforceable rules should not be created on permissionless blockchainsâ as the reason.
#TerraLunaClassic Proposal Rejected
Proposal 12101 âRules to prevent double & network validatingâ has failed to pass governance vote. The proposal aimed ar tackling the emergence of validators running multiple nodes on the chain, posing a risk to the decentralization and security of the #Network .
The proposal received nearly 38% âYesâ votes, along with 37% âNoâ, 21% âNo with vetoâ and 4% âAbstainâ votes. The proposal has not received support from validators and delegators. Out of 45 validators who participated in the voting, only 20 validators including Interstellar Lounge, HappyCattyCrypto, TerrCVita, LBUN Project, and StakeBin voted in favor of the proposal.
As #CoinGape reported earlier, this measure addresses concerns about potential risks to the networkâs security and decentralization. Validators currently operating multiple nodes would need to revert to a single-node operation. Non-custodial providers must enforce these restrictions rigorously. The proposal seeks to diminish the likelihood of Sybil attacks, where one entity controls multiple nodes, thus compromising the networkâs integrity.
