Terra Classic Community Revives Network with IBC Restoration
The Terra Classic ecosystem received a significant boost with the community overwhelmingly approving a proposal to restore the Inter-Blockchain Communication (IBC) link with Kujira. This move is expected to unlock frozen funds and enhance liquidity for the network.
IBC Upgrade Secures Unanimous Support
Proposal 12099, spearheaded by the RakoffToken team, aimed to re-enable the IBC client 07-tender mint-178 between Terra Classic and Kujira. IBC technology facilitates secure communication between different blockchains, allowing for seamless asset transfers and greater interoperability.
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https://twitter.com/RakoffLuncVal/status/1781301510724333771?s=19
The proposal received near-unanimous support, garnering a staggering 99.99%...