In a demonstration of unity and shared vision, the Terra Luna Classic Community has endorsed a proposal put forth by the L1 Terra Classic Task Force (L1TF) core developer group. This proposal, known as the v2.2.1 core upgrade, has garnered unanimous approval, showcasing the community’s dedication to progress and innovation.
With this upgrade, the core developer group aims to enhance the platform’s functionality, security, and overall user experience. By implementing proactive measures, they seek to create a more robust and efficient ecosystem that caters to the needs of both individuals and businesses.
As per the records, about 99.85% of individuals voted in support of the proposal. This means, that out of the 50 validators that participated in the governance voting, 49 of them voted in favor of the proposal. Amongst the top validators are, Stakely, HappyCattyCrypto, Interstellar Lounge, Allnodes, and many more.
However, the L1TF developer group will upgrade the chain at a block height of 14,514,000, estimated at 10.19 UTC on September 12, 2023. Meanwhile, LUNC (the native digital asset of the Terra Classic) and USTC (Terra Classic USD) prices still remain under bearish pressure despite the proposal by the community.
Furthermore, the L1TF developer group aims to create a system that not only safeguards investors but also promotes financial stability within the cryptocurrency realm. Ultimately, the v2.2.1 core upgrade symbolizes the community’s readiness to adapt to emerging trends and challenges, providing users with an enhanced and seamless experience.
Terra Ecosystem Revival Efforts Progresses
Recall that a few months ago, Terra announced Chris Amani as interim CEO replacing Do Kwon who faces a series of charges in the United States, Montenegro, South Korea, and even Singapore. The platform is now focused on navigating through the aftermath of the Terra-Luna collapse which caused tens of billions in losses to investors last year.
Not long after, Terra proactively safeguarded its users by temporarily suspending its website in response to the persistent threat of phishing scams targeting unsuspecting users on the platform.
With a proactive approach and a dedication to transparency, security, and user-friendliness, the Terra Luna Classic Community is now paving the way for an exciting future in the Web3.0 world.