Terra Classic (LUNC) is on the brink of a significant upgrade as the core developer, L1TF, opts to transform an already approved proposal into a comprehensive upgrade. Proposal 11890, originally titled “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution),” has garnered unanimous support from the community and is now poised to address a critical sequence mismatch issue affecting validators in the dyncomm module of the Terrad client.
The proposal, initially designed to implement Terrad client v2.3.2 on-chain, aims to rectify a crucial sequence mismatch issue that has been impacting certain validators during dyncomm commission edits. Despite its previous approval, the proposal is now being transitioned into an upgrade proposal to streamline the upgrade process for validators. This decision was made after careful consideration of validator feedback and discussions surrounding proposal 11885. The transition to an upgrade proposal ensures an automatic halt of the chain, simplifying the upgrade process for validators and node operators.
Upgrade Details
The chain is scheduled to halt at block 15751600, expected to occur on December 8 at 1:18 PM. This planned upgrade holds significant importance as it addresses the sequence mismatch issue within the dyncomm module, which was introduced in Terrad client v2.3.0. Vinh Nguyen, the lead developer at L1TF, identified this critical problem that hindered specific accounts from engaging with the chain. The unanimous support for the upgrade underscores the community’s commitment to resolving technical challenges and improving the overall functionality of the Terra Classic ecosystem.
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Community Support and Price Surges
With 100% support from the Terra Classic community, the upgrade comes at a time when LUNC and USTC have experienced notable surges in value. LUNC has seen an impressive 78.17% increase over the last month, currently trading at $0.0001172. Meanwhile, USTC has surged by an outstanding 319.17% to reach its current price of $0.05115. The recent price rallies are attributed to the persistent revival efforts by the community and the impending upgrade. Previous coverage on the Terra Classic ecosystem highlighted these factors as key contributors to the ecosystem’s positive momentum.
Future Prospects
The upcoming Terra Classic upgrade, coupled with the recent price surges in LUNC and USTC, suggests promising prospects for the network. The active development of the ecosystem by both the community and developers positions Terra Classic for continued growth and advancement. If these efforts persist, the ecosystem may be on the verge of witnessing even more significant price surges for its tokens shortly.
In conclusion, the Terra Classic ecosystem is poised for a transformative upgrade that addresses critical issues and enhances the overall functionality of the network. The unanimous support from the community, coupled with recent positive price movements, paints a promising picture for the future development of Terra Classic and its associated tokens.