As a researcher with a background in blockchain technology and experience following the Terra Classic ecosystem, I’m excited about Genuine Labs’ announcement of the upcoming core upgrade. The proposed v3.0.1 update promises significant improvements to the chain’s efficiency and robustness, addressing issues like fixing dyncomm decorator and handling p2p storm attacks.
Genuine Labs, the development team behind Terra Classic Layer 1, has declared they’re prepared for a significant update. This upgrade aims to enhance the effectiveness and reliability of the Terra Classic chain. Following this announcement, the price of LUNC tokens surged by approximately 3%.
Terra Classic Set For Another Core Upgrade
Core developer Genuine Labs at Terra Luna Classic announced on X on May 24 their readiness to propose an upgrade to the software development kit (SDK), version 47, for a community vote. The new SDK will be submitted for approval through the Terra Classic station’s governance process.
As a analyst, I would describe it this way: In my analysis, the upcoming v3.0.1 update will enhance several elements of the chain based on the information available on GitHub. It brings about noteworthy improvements such as rectifying issues with the dyncomm decorator and bolstering defenses against p2p storm attacks on the Terra Luna Classic network.
According to Genuine Labs’ strategic plan, the upcoming upgrade is designed to enhance security features and advancements on the chain. Notably, the rebel-2 testnet update has been successfully implemented on terrad-v3.0.1-rc.1. This enhancement includes several significant components: SDK version 0.47, wasmd version 0.45, ibc-go version 7, and a p2p storm fix. These elements aim to optimize network functionality and efficiency.
Binance Burns More Terra Classic (LUNC) Tokens, Net Burn Reaches Over 59 Billion
LUNC and USTC Prices Jump
The prices of tokens within the Terra Luna Classic ecosystem surged as traders responded to the upgrade, with the wider crypto market showing signs of improvement.
As a crypto investor, I’ve observed an impressive surge of over 3% in the price of LUNC within the past 24 hours. Currently, the token is priced at $0.000111. Over this period, the lowest and highest prices were recorded as $0.0001094 and $0.0001161, respectively. However, I’ve noticed a concerning decrease in trading volume over the same timeframe.
As a researcher observing the market trends, I note that the current USTC price hovers around $0.02256, representing a significant 3% increase within the past 24 hours. The minimal price fluctuation over this period reached as low as $0.02128 and peaked at $0.02296.
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2024-05-25 00:10