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The recent proposal 11168 which was brought up by one of the core developers at the Terra Classic (LUNC), Edward Kim, has been passed successfully, and consequently Joint L1 Task force To get its support.
Before this time, Edward Kim released an update on his proposal to reopen the Inter Blockchain Communication before the Terra classic network upgrade, in his tweet today, he revealed has just initiated the voting of the proposal of reopening the IBC.
According to Sunday’s tweet, Crypto Classic noted that proposal 8813 had passed the governance vote, in this view a total of 1.6 million USTC is going into the new grants program.
The Ethereum CEO, Buterin, proposed earlier how the memory gas costs can be adjusted. He suggested solving efficient issues with how memory consumption is limited on the EVM.
Vasil Hard Fork is now on the testnet waiting for its release on the mainnet which was slated to go live in the later part of July.
A LUNC investor has fielded a proposal to burn tokens and cause a sharp spike in price. For some time now, the Terra community has complained that Do Kwon and Terraform Labs have left LUNC and UST.
