Article taken from the medium of LuncBurnArmy.

The following summary outlines the governance-approved work for the 2nd quarter, and current status of completion for all items.

The second quarter was a significant one for the Luna Classic blockchain as the chain underwent several large upgrades to bring us up-to-date technologically with Luna V2 and the rest of the cosmos ecosystem. Importantly, Cosmos SDK was upgraded to v0.45.11, and Cosmwasm was upgraded to v1.1.1. In addition, IBC’s to Kujira were opened, and there was a significant security patch implemented — the “Cherry patch” early in the quarter.

Following the v2.1.1 upgrade, the L1 Team has had to spend a significant amount of time addressing the issue with Astroport (due to Astroport making the decision to not upgrade Classic smart contracts). As a result, the Astroport work has been prioritized over a couple of documentation items (including developer documentation, and cross-chain liquidity), as Astroport has a much larger impact to the overall ecosystem.

April/May , 2023

· Finalize pre-release testing of Core v2.0.0 on testnet and bump to “release”. Completed

· Finalize pre-release testing of Oracle-Feeder v2.0.4 on testnet and bump to “release.” Completed. Added multiple SDR sources.

· Prepare Terra.js v2.0.0 pre-release & ensure peer review Completed during v2.1.1 upgrade.

· Bump Terra.js v2.0.0 to “release” state and push changes upstream to TFL so they can prepare new NPM packages Completed during v2.1.1 upgrade. TFL has yet to implement this on their version of Station.

· Prepare Terra.proto v2.0.0 pre-release & ensure peer review Completed during v2.1.1 upgrade.

· Bump Terra.proto v2.0.0 to “release” and coordinate NPM packages with L2 team* Completed during v2.1.1 upgrade. Gevik has served as the bridge between L1/L2, and has assisted with testing these items.

· Work with L2 team to patch GUI assets (Station, extension, mobile) with new Terra.js v2.0.0 NPM package Completed during v2.1.1 upgrade, sent to TFL for implementation.

· Work with existing validators to expand the testnet to a targeted 30% of the validator set. All existing validators are requested to keep an identical configuration of their production instance available for scheduled “release testing” on the testnet. Requested. Feedback from validators is that this is cost prohibitive.

· Schedule v2.0.0 upgrade on mainnet and provide on-call support during scheduled chain-halt Completed

· Review, update, and prioritize product backlog for L1 team Completed

May/June 2023

· Integrate FeeShare module from Juno for release in v2.1.0 Modified. Deferred due to v2.1.0 upgrade, and discovery of consensus breaking issue with Feeshare module during testing. To be implemented in first upgrade of Q3.

· Finalize CosmWasm upgrade and prepare “migration documentation” for L2 developers Completed. Post production support provided to L2 dApp providers.

· Finalize pre-release testing of Core v2.1.0 on testnet and bump to “release” Completed

· Schedule v2.1.0 upgrade on mainnet and provide on-call support during scheduled chain-halt Completed

· Finalize Terra Operator v0.0.1 Deffered to Q3 due to Astroport migration required following v2.1.0 upgrade

· Overhaul CI (continuous integration) workflows Completed

· Establish IBC to Kujira Completed

June/July 2023

· Update Luna Classic developer documentation Fork of Terra.money completed. Documentation repository now community owned: https://docs.terrac.money/. Updating and maintaining this document set will be an ongoing work activity, as the documentation will require constant updating to remain up-to-date.

· Assess migration path for Tendermint => CometBFT Completed

· Research options for bridging cross-chain liquidity (i.e., Axelar, Portal bridge/wormhole). The L1 Team has taken on several initiatives to bridge cross-chain liquidity including assisting with the development of the Mars Protocol proposal (Bug bounty program was required by Mars protocol), and the Quicksilver proposal. This work effort will continue into / throughout Q3.

· Review on-ramp technologies for Classic Station and develop proof-of-concept Completed. Deployed on test version of Station.

· Prepare Q3 budget and agora proposals Completed

· Finalize Q2 work and schedule agora posting and proposal vote for Q3 funding Completed

Budget

Q2 has been completed with a surplus budget. The budget surplus will be sent back to the community pool, and once completed, this will be communicated with the investor community.

Start of Q3

Q3 will run from July 17th to October 17th, 2023.

Please let us know if you have any questions or comments with respect to the Q2 deliverables. Thank you to all of the community for a successful second quarter.

#LUNC #crypto2023 #crypto #cryptocurrency #altcoins.

The top 10 Altcoins with explosive potential for massive gains in 2023 are enlisted here

As the cryptocurrency market continues to evolve and mature, many investors and traders are looking beyond Bitcoin and Ethereum for potential gains. Altcoins, or alternative cryptocurrencies, offer unique opportunities for growth and profitability. In 2023, several altcoins have the potential for significant gains, with some experts predicting up to 30x returns. These altcoins have strong use cases, innovative technology, and solid project teams behind them.

In this article, we will explore the top 10 altcoins with high potential in 2023 and provide insights on why they have the potential to be profitable investments. However, it’s important to note that cryptocurrency investing carries significant risk, and investors should conduct their research and consider their risk tolerance before investing.

Ethereum (ETH)

Ethereum is the second-largest cryptocurrency in terms of market capitalization. It has a strong project team, a solid use case, and community support. Ethereum is a decentralized platform that allows developers to build decentralized applications (dApps) on top of it. The platform uses smart contracts, which are self-executing contracts that automate the negotiation and execution of a contract. Ethereum has a high adoption rate, and many companies have started using it to build dApps.

Binance Coin (BNB)

Binance Coin is the native token of the Binance exchange. It has a strong project team, a solid use case, and community support. Binance Coin is used to pay trading fees on the Binance exchange. The exchange offers a discount to users who pay trading fees in Binance Coin. Binance Coin has a high adoption rate, and the exchange has been expanding its offerings, which will increase the demand for Binance Coin.

Chainlink (LINK)

Chainlink is a decentralized oracle network that connects smart contracts to real-world data. It has a strong project team, a solid use case, and community support. Chainlink has a high adoption rate, and many companies have started using it to connect their smart contracts to real-world data.

Polkadot (DOT)

Polkadot is a blockchain protocol that allows different blockchain networks to communicate with each other. It has a strong project team, a solid use case, and community support. Polkadot has a high adoption rate, and many projects have started building on the platform.

Cardano (ADA)

Cardano is a decentralized platform that allows developers to build decentralized applications (dApps) on top of it. It has a strong project team, a solid use case, and community support. Cardano has a high adoption rate, and many companies have started using it to build dApps.

VeChain (VET)

VeChain is a blockchain platform that focuses on supply chain management. It has a strong project team, a solid use case, and community support. VeChain has a high adoption rate, and many companies have started using it to track their supply chain.

Polygon (MATIC)

Polygon (MATIC) is a Layer 2 scaling solution for Ethereum that has gained significant traction in the blockchain industry. The project aims to provide faster and cheaper transactions for the Ethereum network, which has been plagued by scalability issues due to its high usage and transaction fees. Polygon achieves this by building its network on top of Ethereum, which allows for faster and more efficient transactions. This has led to a significant increase in adoption, with many projects and dApps choosing to use Polygon as their primary scaling solution.

Solana (SOL)

Solana is a high-speed blockchain network that aims to offer fast transaction times and low fees. It has a strong project team, a solid use case, and community support. Solana uses a unique consensus mechanism called Proof of History, which allows for high throughput and scalability. Many developers have started building dApps on Solana, and it has seen significant adoption in the decentralized finance (DeFi) space.

Dogecoin (DOGE)

Dogecoin is a cryptocurrency that was created as a meme but has gained significant popularity and adoption in recent years. It has a strong community of supporters, including high-profile figures such as Elon Musk. Dogecoin has a low transaction fee and fast transaction times, making it ideal for small transactions and micropayments. However, it is important to note that Dogecoin has limited use cases compared to other cryptocurrencies.

Avalanche (AVAX)

Avalanche is a smart contracts platform that aims to offer high throughput and fast transaction times. It has a strong project team, a solid use case, and community support. Avalanche uses a consensus mechanism called Avalanche-X, which allows for high scalability and security. Many DeFi projects have started building on Avalanche, and it has seen significant adoption in the DeFi space.

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#altcoins. #BTC #crypto2023