LUNC Update: The Terra Luna Classic community is holding a vote on an important proposal aimed at lessening the risk of peer-to-peer storm attacks on its network. Developers have raised concerns about potential vulnerabilities in the Cosmos, Solana, and Polkadot ecosystems and proposed preliminary steps to minimize the damage from such assaults on Terra Classic.
Terra Luna Classic MaxBlockSize Proposal
At Genuine Labs, a key group of developers, we’ve put forth a significant suggestion to modify the Station wallet. Our plan is to shrink the maximum block size from its present 5MB to 2MB as an initial safety measure against pesky peer-to-peer spams.
According to Jacob Gadikian, CEO of Notional Labs, I heartily advocate for approving this first proposal. Additionally, I propose a second measure to limit block size to a range of 850kb to 1MB. This action will enhance the security of the chain against potential network spam attacks.
Almost all community members and validators (approximately 99.92%) have endorsed the proposal with their votes. The 17 validators involved in the vote casted a unanimous “Yes” ballot. Validators consider this as the most suitable choice until Genuine Labs discovers a lasting solution.
LUNC and USTC Prices Stabilize
The amount of cryptocurrency locked in Terra Luna Classic, represented by its total value locked (TVL), is decreasing along with the broader market downturn. However, according to DeFiLlama’s data, development activity on the platform has also noticeably diminished.
Today, LUNC’s price showed a slight recovery after experiencing a 7% decrease on Tuesday, now priced at $0.0000997. The highest and lowest points in the past 24 hours were $0.0000963 and $0.0001030, respectively. Additionally, there was a substantial 55% decrease in trading volume over the same period, suggesting waning trader engagement.
At the same time, USTC’s price is climbing by 3%, now sitting at $0.0168. Its lowest and highest points within the last 24 hours were $0.0162 and $0.0174.
Experts anticipated that Bitcoin‘s prices would remain relatively stable, moving laterally rather than significantly up or down, leading up to the upcoming halving event.
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2024-04-17 16:51