Terra Classic

<ul><li>TerraUSD (USTC) saw a remarkable price surge, reaching $0.0758 from its stablecoin origins.</li><li>Terra Classic&#39;s community-approved dynamic validator commissions to address sequence mismatch issues.</li><li>Binance&#39;s interest and Terraform Labs&#39; $15M injection signal Terra&#39;s promising resurgence</li></ul>In a remarkable turnaround, the <a href="https://cryptotale.org/?s&#61;cryptocurrency" rel="noopener noreferrer nofollow">cryptocurrencies</a> TerraUSD and TerraClassic have caught traders&#39; attention following significant price surges, with TerraUSD (USTC) reaching an unexpected high of $0.0758. Originally intended to be a stablecoin pegged at $1, USTC&#39;s price increase marks a notable recovery from its 2021 collapse, sparking renewed interest and potential fear of missing out (FOMO) among investors in 2023, as reported by Santiment, a behavioral analytics firm.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5f23c7b78da2434c9834f09b7d9e85f4.png" />Moreover, <a href="https://cryptotale.org/?s&#61;Terra&#43;Classic%27s&#43;" rel="noopener noreferrer nofollow">Terra Classic&#39;s </a>community has recently made a pivotal decision. They favored a dynamic validator commission module, targeting the chain&#39;s sequence mismatch issue. This <a href="https://station.terraclassic.community/proposal/columbus-5/11817" rel="noopener noreferrer nofollow">proposal</a>, “Sequence Mismatch Issue Resolution,” was overwhelmingly approved with over 99% votes. It aims to implement a calculation system that adjusts on-chain validator commissions based on voting power. Vinh Nguyen from the Layer-1 Joint Task Force Team (L1JTF) <a href="https://x.com/TheVinhNguyen4/status/1706553790965731668?s&#61;20" rel="noopener noreferrer nofollow">highlighted</a> a critical issue related to sequence mismatch, affecting some validators&#39; operational capabilities.Additionally, to address these issues, a significant update was passed. Proposal 11885 led to the deployment of the Terrad client v2.3.1. This critical update aims to resolve sequence mismatch problems and introduces a new system for dynamic validator commissions. Hence, this development was crucial in the recent 300% surge in USTC&#39;s value.Read full article at <a href="https://cryptotale.org/ustc-and-lunc-soar-in-value-catching-traders-attention-in-2023/" rel="noopener noreferrer nofollow">CryptoTale.</a>

USTC and LUNC Soar in Value, Catching Traders' Attention in 2023

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