Terra Classic

<p><strong>“The community agrees to reconnect Terra Luna Classic and Crescent blockchains for communication (IBC).”</strong></p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4b7cfeb538984fa9b54447d12adb3686.gif" /></p><p><strong>The Crypto Shop AIRDROP Is Live, Get 3000 EMT Tokens Free &#61; $30 <a href="https://docs.google.com/forms/d/e/1FAIpQLScSiOkKnPEDDIFyYnULvwaQ_AIyb4mboPxqra3hEGbTfPpQvA/viewform" rel="noopener noreferrer nofollow">Join Now</a></strong></p><p>The community unanimously voted to reopen inter-blockchain communication (IBC) transfers between Crescent and Terra Luna Classic. Professor Edward Kim had announced the reconnection of IBCs for Osmosis, Crescent, and Juno, which were disabled during the May 2022 <a href="https://cryptosheadlines.com/terraform-labs-transfers-millions-worth-of-tokens-one-year-after-terra-luna-crisis/" rel="noopener noreferrer nofollow">Terra-LUNA crisis</a>.</p><h3 id=""></h3><h3 id="ibc-re-enabled-between-crescent-and-terra-luna-classic-as-proposal-passes">IBC Re-Enabled Between Crescent and Terra Luna Classic as Proposal Passes</h3><p>The community has approved Proposal 271, titled “Re-enable IBC Client to Terra Classic,” which means they have decided to restore the ability to transfer assets between Crescent and Terra Luna Classic using Inter-Blockchain Communication (IBC). Crescent Network, which is a Cosmos appchain, allows for the <a href="https://cryptosheadlines.com/binance-us-accuses-sec-of-dishonesty-over-exchange-asset-statements/" rel="noopener noreferrer nofollow">exchange of assets</a> across multiple blockchains and encourages liquidity with efficient use of capital.</p><p>The proposal to re-enable IBC between Crescent and <a href="https://cryptosheadlines.com/terra-luna-classic-community-pool-balance-reaches-critical-level-reports-lunc-news/" rel="noopener noreferrer nofollow">Terra Luna Classic has been overwhelmingly supported by the community</a>. With an impressive 99.98% in favor and only 0.02% against, it has surpassed the required threshold for approval.<a href="https://cryptosheadlines.com/terra-luna-classic-ibc-to-cosmos-chain-re-enabled/" rel="noopener noreferrer nofollow"> Read More...</a></p>

Terra Luna Classic IBC to Cosmos Chain Re-Enabled

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CryptosHeadlines.com

Alte articole publicate pe 5 aug. 2023

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