In a recent groundbreaking announcement, the L1 Terra Classic Task Force (L1TF) has unveiled its eagerly awaited plans for the upcoming v2.2.0 core upgrade of the Terra Luna Classic blockchain. This upgrade is poised to usher in a new era of innovation and advancement within the Terra Classic ecosystem, marking a significant milestone for the blockchain community.
Terra Classic’s L1TF to do another major upgrade
The development journey towards the v2.2.0 upgrade has been nothing short of impressive. Vinh Nguyen, a prominent developer from the L1TF, highlighted the successful completion of Sprint 2, spanning from August 8 to 21. This sprint culminated in the release of the first version (rc1) of the core v2.2.0 upgrade. This achievement not only signifies the dedication and expertise of the development team but also paves the way for further enhancements.
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L1 report for sprint #2
We have released core v2.2.0 first version (rc1) and will work with front – end, contract teams on testnet rebels – 2 to ensure backward – compatibility
We have investigated #LUNC cap and included report on the situation so farhttps://t.co/z0DVMT2lTL
— 🇻🇳⚛️The Vinh Nguyen⚛️🇻🇳 (@TheVinhNguyen4) August 21, 2023
The core v2.2.0 upgrade brings a host of crucial improvements to the Terra Classic infrastructure. Notable changes include the upgrade of the cosmos SDK to SDK 46, the migration to CometBFT for tender mint, and the updating of IBC-go to v6. These enhancements lay a solid foundation for the future of Terra Classic, promising enhanced efficiency, security, and interoperability.
Significance of the upgrade
One significant achievement that has garnered attention is the successful migration of waste. This crucial step demonstrates the L1TF’s commitment to ensuring a seamless transition for users and stakeholders. With the mainnet upgrade slated for completion by the end of the third sprint in September, the Terra Classic ecosystem is on the cusp of a transformative phase.
A particularly intriguing aspect of the upgrade lies in the exploration of integrating the oracle and the 20% VP limit logic from the forked cometbft and cosmos-sdk into the core. This strategic move could lead to reduced maintenance efforts and further solidify Terra Classic’s position as a cutting-edge blockchain platform.
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While contemplating changes, the L1TF rigorously evaluated the proposal to implement a LUNC cap, which would curtail the creation of a new LUNC in each block. After careful consideration, the developer group recommended against this measure, recognizing its potential impact on the stability of the chain. This decision underscores the L1TF’s commitment to maintaining the integrity and reliability of the Terra Classic ecosystem.
As the L1 Terra Classic Task Force diligently works on the v2.2.0 core upgrade, anticipation and excitement are palpable within the community. The projected positive effects on LUNC and USTC prices highlight the significance of this upgrade, not only from a technical perspective but also in terms of its potential economic impact.
Furthermore, the L1TF remains attentive to developments surrounding the community-owned Station, Finder, and wallet projects. This watchful eye showcases the task force’s dedication to a holistic growth strategy, ensuring that Terra Classic remains at the forefront of blockchain innovation.
In conclusion, the v2.2.0 core upgrade stands as a testament to the L1 Terra Classic Task Force’s unwavering commitment to pushing the boundaries of blockchain technology. With a comprehensive range of improvements and enhancements, this upgrade is poised to reshape the Terra Classic landscape, setting the stage for a dynamic and prosperous future. As the development journey continues, stakeholders and enthusiasts alike eagerly await the realization of these transformative changes.