Rally

Terra Classic

Terra

Billion

<img fetchpriority="high" decoding="async" width="1280" height="720" src="https://coingape.com/wp-content/uploads/2022/12/lunc-1-1-e1671875694694.jpg" class="attachment-full size-full wp-post-image" alt="Terra Luna Classic Announces Major Upgrade, LUNC Price to Rally" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2022/12/lunc-1-1-e1671875694694.jpg 1280w, https://coingape.com/wp-content/uploads/2022/12/lunc-1-1-e1671875694694-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2022/12/lunc-1-1-e1671875694694-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2022/12/lunc-1-1-e1671875694694-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2022/12/lunc-1-1-e1671875694694-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2022/12/lunc-1-1-e1671875694694-150x84.jpg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
Terra Lunc Classic Layer 1 developer group Genuine Labs has announced readiness for a major upgrade. The developer group will upgrade the Terra Classic chain to further improve the efficiency and robustness of the system. LUNC price jumps 3% after the announcement.
<h2 id="terra-classic-set-for-another-core-upgrade">Terra Classic Set For Another Core Upgrade</h2>
Terra Luna Classic core developer Genuine Labs in a post on X on May 24 revealed that it has prepared for the latest version of SDK 47. The developer will submit an upgrade proposal for governance voting on the Terra Classic station.
The new v3.0.1 will upgrade various components of the chain, as per details provided on <a rel="noopener noreferrer nofollow" href="https://github.com/classic-terra/core/releases/tag/v3.0.1" target="_blank">GitHub</a>. It will also offer improvements including fixing dyncomm decorator and handling <a href="https://coingape.com/lunc-news-terra-luna-classic-community-brings-crucial-proposal-in-focus/" target="_blank" rel="noopener noreferrer nofollow">p2p storm attacks</a> on the Terra Luna Classic chain.
The upgrade is part of the roadmap set by <a href="https://coingape.com/terra-classic-endorses-genuine-labs-proposal-why-lunc-price-soared-20/" target="_blank" rel="noopener noreferrer nofollow">Genuine Labs</a> to provide security improvements and upgrades on the chain. Recently, the rebel-2 testnet update was successfully completed to run on terrad-v3.0.1-rc.1 . This upgrade consists of several key elements SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix aimed at enhancing the operation and performance of networks.
Also Read: <a href="https://coingape.com/binance-lunc-burn-spikes-over-59-billion-after-latest-terra-classic-tokens-burn/" target="_blank" rel="noopener noreferrer nofollow">Binance Burns More Terra Classic (LUNC) Tokens, Net Burn Reaches Over 59 Billion</a>
<h2 id="lunc-and-ustc-prices-jump">LUNC and USTC Prices Jump</h2>
Terra Luna Classic ecosystem tokens jumped as traders reacted the upgrade&nbsp; amid the broader recovery in the crypto market.
<a href="https://coingape.com/price/terra-luna-classic/" target="_blank" rel="noopener noreferrer nofollow">LUNC price</a> jumped more than 3% in the last 24 hours. The price is currently trading at $0.000111, with a 24-hour low and high of $0.0001094 and $0.0001161, respectively. Furthermore, trading volume has decreased further in the last 24 hours.
Meanwhile,&nbsp;<a href="https://coingape.com/price/terraclassicusd" target="_blank" rel="noopener noreferrer nofollow">USTC price</a>&nbsp;trades at&nbsp;$0.02256, up more than 3% in the last 24 hours. The 24-hour low and high are $0.02128 and $0.02296, respectively.
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The post <a href="https://coingape.com/terra-luna-classic-announces-major-upgrade-lunc-price-to-rally/" rel="noopener noreferrer nofollow">Terra Luna Classic Announces Major Upgrade, LUNC Price to Rally</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Terra Luna Classic Announces Major Upgrade, LUNC Price to Rally

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