🌖 Terra Luna Classic’s Biggest Upgrade Tax2Gas Draws Near
#GenuineLabs , a core L1 developer of community-led blockchain #TerraClassic , broke the silence after the community complained about the delay in the upgrade. The developer revealed that it resolved some internal issues among the team, which involved threats, harassment, and responsibility deviation.
Major work on Tax2gas is completed. The team will further focus on testing on the rebel testnet until satisfaction is met to provide the #TerraLunaClassic blockchain with a better upgrade.
“We would like to address that any information coming from any participant that is not Genuine Labs or LUNCLIVE is misleading and in no way form or fashion a statement from Genuine #labs as we haven’t had any contact with anyone other person or entity,” said Genuine Labs.
As CoinGape reported earlier, Tax2Gas upgrade is game-changing as it will resolve issues including contract developers’ need to calculate the burn tax manually. The issues are — clients or dApps have to calculate the tax themselves as the simulation endpoint only provides gas estimates. Migrating audited dApps becomes cumbersome due to these Classic-specific adjustments, leading to potential re-audits.