Core

Terra Classic

Terra

Security

<img 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 Classic L1TF Core Security Package Proposal Up For Vote, LUNC Price Soars 8%" decoding="async" 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 Luna Classic developer Joint L1 Task Force’s (L1TF) core security upgrade package proposal is now under voting for the Terra Luna Classic community. This is a much-needed move by developers amid multiple headwinds that hindered LUNC revival and USTC repeg hopes despite a major push from crypto exchange Binance last year. 
<h2 id="terra-classic-community-votes-on-core-security-package-proposal">Terra Classic Community Votes On Core Security Package Proposal</h2> 
Proposal 12008 “L1TF Terra Classic core security upgrade package” is now live for voting on Station wallet. The proposal’s objective is to upgrade core components to improve the security and stability of the chain. Also, it will help fulfill the infrastructure requirement for TFL support. 
CoinGape reported earlier that the team consisting of Vinh, Inon Man, and Frag (voluntary contributor) requires 11 weeks or a full upgrade package. The total budget is $51,000, which will be in a multisig account held by members of this package and oversight committee. Terra Classic components include Wasm module (wasmd)&nbsp;and&nbsp;Wasm Virtual Machine (wasmvm),&nbsp;Cosmos SDK,&nbsp;Comet BFT,&nbsp;IBC-GO, and&nbsp;Mainnet. 
Currently, L1TF requests an initial funding of $25,500, representing half of the total budget. “This amount is intended to cover our initial setup costs and serves as a retainer fee, helping JL1TF’s long-term commitment to the overall security and stability of the chain, said lead developer Vinh Nguyen. 
During the initial voting, the proposal received 94% votes in favor, with 5% “Abstain” votes. Some Terra Luna Classic members also voted “No” and “No with veto”. 
Read More: <a href="https://coingape.com/terra-luna-classic-community-votes-on-crucial-proposal-ahead-of-key-upgrades/" target="_blank" rel="noopener">Terra Luna Classic Community Votes On Crucial Proposal Ahead Of Key Upgrades</a> 
After the announcement, Terra Luna Classic (LUNC) and USTC prices witnessed a significant jump. The traders could be making readjustments to their trades in light of recent developments. 
<a href="https://coingape.com/price/terra-luna-classic/" target="_blank" rel="noopener">LUNC price</a> jumps over 5% in the last 24 hours, with the price currently trading at $0.00009545. The 24-hour high and low are $0.00008946 and $0.00009826, respectively. However, trading volume remains down at nearly 35% in the last 24 hours, indicating low interest among traders. 
Meanwhile,&nbsp;<a href="https://coingape.com/price/terraclassicusd" target="_blank" rel="noopener">USTC price</a> also soared over 3%. The price is currently trading at $0.02374, with a 24-hour high and low of $0.0222 and $0.02403, respectively. 
Also Read: 
<ul> 
 <li><a title="Breaking: SEC Cites Zakinov Vs Ripple Among Multiple Cases In Binance Lawsuit" href="https://coingape.com/sec-cites-zakinov-vs-ripple-among-cases-binance-lawsuit/" target="_blank" rel="bookmark noopener">SEC Cites Zakinov Vs Ripple Among Multiple Cases In Binance Lawsuit</a></li> 
 <li><a title="XRP Lawsuit: US SEC May Win Against Ripple In XRP Sales Discovery Requests" href="https://coingape.com/xrp-lawsuit-sec-win-rippl-xrp-sales-discovery-requests/" target="_blank" rel="bookmark noopener">XRP Lawsuit: US SEC May Win Against Ripple In XRP Sales Discovery Requests</a></li> 
 <li><a title="Cathie Wood: Investment Community “Underestimating Bitcoin”; Ark Buys ARKB Units" href="https://coingape.com/cathie-wood-investment-community-underestimating-bitcoin-ark-buys-arkb-units/" target="_blank" rel="bookmark noopener">Cathie Wood: Investment Community “Underestimating Bitcoin”; Ark Buys ARKB Units</a></li> 
</ul> 
The post <a href="https://coingape.com/terra-classic-l1tf-core-security-upgrade-proposal-lunc-price/">Terra Classic (LUNC) Price Surges 5% Post Terra Classic Upgrade Vote</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Terra Classic (LUNC) Price Surges 5% Post Terra Classic Upgrade Vote

目录

Coingape News Media

发布于 2024年1月24日的其他文章

Shiba Inu Faces Uphill Battle Despite Recent Gains

BlackRock and Fidelity lead billion-dollar spot Bitcoin ETF race

Bitcoin Set for Skyrocket to ATH After Current Correction

Top Crypto Gainers Today Jan 24 – IOTA, NEM, Aptos, Helium

New Cryptocurrency Releases, Listings, and Presales Today – Game Meteor Coin, ApeBond, Ice Network

Expert Predicts Bitcoin’s Parabolic Surge Similar to Past Cycles

订阅我们免费的电子期刊，获取每日最新加密领域动态！