Terra Classic

The Terra blockchain network recently marked a significant milestone with a strategic upgrade to version 2.4 at block height <a href="https://finder.terra.money/mainnet/blocks/5994365" rel="noopener noreferrer nofollow">5994365</a>. This upgrade, which brought several new updates to the chain, was aimed at promoting the wider acceptance of its native token, LUNA.The upgrade was announced by the official Terra Twitter page:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5648043013d6409cb903ef95d5bac0b3.png" />The implementation of the upgrade required a temporary pause in the operations of the Terra mainnet, Phoenix-1, which resulted in a brief halt in block production. Despite this short interruption, the network quickly resumed operations, successfully executing the v.2.4 upgrade.The Terra community gave its approval for this consensus-breaking change on July 17. The <a href="https://agora.terra.money/discussion/12010-phoenix-software-upgrade-proposal" rel="noopener noreferrer nofollow">proposal</a> for the upgrade received overwhelming support, with a resounding <a href="https://twitter.com/terra_agora/status/1680852721950130176?s&#61;20" rel="noopener noreferrer nofollow">98.22% YES votes</a> and a mere 1.78% NO votes. Notably, the Setten validator and the Smart Stake Analytics Hub contributed the largest share of YES votes, while the Kucoin LUNA Node and 70 other validators chose not to participate in the vote.The v2.4 upgrade introduced four significant updates to the Terra chain. It addressed several issues, including the inconsistent triggering of smart contracts, undelegation problems experienced by some users, and a critical issue related to message validation.Read full article at <a href="https://cryptotale.org/terra-blockchain-successfully-upgrades-to-v2-4-boosting-luna-adoption/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Terra Blockchain Successfully Upgrades to v2.4, Boosting LUNA Adoption

CryptoTale

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