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Tag: Terra Classic burn threshold

Terra Classic Network Targeted by Spam Transaction Attack
Blockchain

Terra Classic Network Targeted by Spam Transaction Attack

The Terra Classic community faced a network attack, with attackers aiming to disrupt validator operations. The tactic involved flooding the network with a large number of small Luna Classic (LUNC) transactions, and overwhelming validators with insufficient RAM capacity. Read Also: Elon Musk Revives Dogecoin Spirits, Shiba Inu Eyes Top 10 Return This attack resulted in over 30 validators being temporarily disabled, some of which remain offline. While staking rewards are paused for delegators who rely on these validators, user funds – both LUNC and USTC – remain secure. https://twitter.com/LunaClassicLabs/status/1780116877987004650 Luna Classic Labs, acknowledging the attack, emphasized their validator's resilience due to robust hardware specifications. They also implemented addi...
Terra Luna Classic Eyes Dedicated Dev Team, Community Decides Roles
Terra Classic (LUNC)

Terra Luna Classic Eyes Dedicated Dev Team, Community Decides Roles

The Terra Luna Classic (LUNC) community is voting on a proposal to establish a core team responsible for the blockchain's development. This follows the disbandment of the Joint L1 Task Force (JL1TF) earlier this year. Proposal: Establish a Terra Classic Team The proposal, titled "Establish a Terra Classic Team" (Proposal 12093), seeks community approval for a permanent team funded from the community pool. Similar to Terraform Labs for Terra (LUNA), this team would focus solely on the Terra Classic blockchain. Read Also: Solana Outage Raises Concerns About Network Scalability Details regarding specific roles, salaries, and team size are to be determined in a follow-up proposal contingent on the current one's success. The Terra Luna Classic community and validators will discuss and f...
From Boom to Bust: A Timeline of the Terra-LUNA Crash and SEC Investigations
Blockchain

From Boom to Bust: A Timeline of the Terra-LUNA Crash and SEC Investigations

In 2024, cryptocurrencies are again experiencing a bull run, and the Crypto Winter is no longer fresh in everyone's memory except for those who lost a significant amount in 2022. Three Arrows Capital and Coinbase Ventures still remember. Lightspeed Ventures Partners and Galaxy Digital also remember, particularly Galaxy's CEO, Mike Novogratz, who got a LUNA tattoo as a reminder to remain humble when investing. Looking back at the Terra-LUNA crash is essential because it's still unclear who caused it. Read Also: Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens In May 2022, the crypto market lost $60 billion due to the failure of TerraUSD, an algorithmic stablecoin, and LUNA, another cryptocurrency. Both were created by Terraform Labs (TFL) ...
Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving?
Terra Classic (LUNC)

Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving?

The cryptocurrency market is buzzing with speculation about Terra Classic (LUNC), the token remaining after the collapse of Terra (LUNA). Upcoming events like the Bitcoin halving and developments within the LUNC ecosystem are fueling discussions about its future price trajectory. Bitcoin Halving's Potential Impact The Bitcoin halving, a pre-programmed event roughly every four years, cuts Bitcoin miner rewards in half, restricting the supply of new Bitcoin entering circulation. Historically, these halvings have positively affected Bitcoin's price, potentially causing a ripple effect across the altcoin market, including LUNC. Read Also: Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens Gemini's AI Model Prediction Google's advanced AI model...
Terra Luna Classic (LUNC) Price on the Rise: Can it Hit $2 Before Bitcoin Halving?
Terra Classic (LUNC)

Terra Luna Classic (LUNC) Price on the Rise: Can it Hit $2 Before Bitcoin Halving?

Terra Luna Classic (LUNC) has been experiencing a surge in price recently, driven by several positive developments within its ecosystem. The rollout of the v2.4.2 upgrade and the introduction of new binary components have paved the way for easier integration of decentralized applications (dApps) and benefited the Enterprise DAO. Read Also: Terra Classic (LUNC) and USTC Surge on News of Do Kwon's Release Recent Price Performance and Historical Context LUNC is currently priced at $0.000161, with a market capitalization of $939.80 million. While it has dipped slightly in the last day, it has seen a significant increase of 34% over the past year. This bullish trend starkly contrasts its all-time high of $119.01 in April 2022, followed by a plunge to its all-time low of $0.00001651 in May ...
Terra Classic (LUNC) Drops KYC Requirement for L1 Developers in Surprise Move
Blockchain

Terra Classic (LUNC) Drops KYC Requirement for L1 Developers in Surprise Move

The Terra Classic (LUNC) development community took a sharp turn on KYC (Know Your Customer) requirements for L1 developers. In a surprising move, proposal 12033, which mandated KYC, was repealed following a tweet from TerraCVita, a prominent voice in the Terra Classic community. Read Also: Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick https://twitter.com/TerracVita/status/1770881735586119920 This reversal comes amidst ongoing efforts to rebuild trust and transparency within the Terra Classic ecosystem after the May 2022 collapse. The previous KYC requirement aimed to introduce accountability among developers. However, concerns arose regarding potential privacy limitations and hindered innovation. The repeal of the KYC proposal signifies a shift towa...
Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick
Terra Classic (LUNC)

Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick

The Terra Classic (LUNC) ecosystem is experiencing a resurgence of interest, with the number of wallets holding LUNC and USTC surpassing a significant milestone of 5.5 million, as reported by Cosmos blockchain explorer, ATOMScan. This number even outpaces established cryptocurrencies like Cardano and Shiba Inu. This surge in holders highlights the unwavering commitment of the Terra Classic community despite the project's collapse in May 2022. The community appears dedicated to its revival. Read Also: XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community Exchange Support Fuels Growth: Support from major cryptocurrency exchanges, particularly Binance, is a key driver behind the rising number of LUNC and USTC holders. Binance's ongoing LUNC burn campaign, where ...
Terra Classic (LUNC) Gains Momentum with WEEX Listing, Eyes Dominance in Bull Run
Terra Classic (LUNC)

Terra Classic (LUNC) Gains Momentum with WEEX Listing, Eyes Dominance in Bull Run

Terra Classic (LUNC), the original Terra blockchain token, is experiencing a resurgence in interest fueled by a recent listing on WEEX, a Singapore-based crypto futures trading platform. WEEX announced the official listing of LUNC spot and futures trading pairs on March 11th, sparking optimism among Terra Classic proponents. Vocal community members like Mr. Diamondhandz1 believe this listing could be a catalyst for LUNC's dominance in the ongoing crypto bull run. Read Also: Luna Classic Labs Announces Departure from Terraform Labs (TFL) Over Wallet Issues https://twitter.com/WEEX_Official/status/1767081774633664802?t=YGLgPZPcSYdrpC3ygfNwdA&s=19 WEEX Listing Boosts Accessibility and Potential The WEEX listing offers several advantages for LUNC: Wider Audience: Increa...
Terra Classic (LUNC) Emerges as Top Gainer, Highlighting Innovative DeFi Approach
Cryptocurrency

Terra Classic (LUNC) Emerges as Top Gainer, Highlighting Innovative DeFi Approach

Terra Classic (LUNC) has surged as the leading gainer in today's dynamic crypto market, showcasing a remarkable 64.90% increase in the last 24 hours. This significant rise comes amidst a broader market that witnessed Bitcoin maintaining its dominance and overall trading activity reaching $892.69 billion. Read Also: Shibarium Records Yet Another Remarkable Milestone Terra Classic, LUNC's Unique Features Attract Attention Proof-of-Stake Mechanism: LUNC empowers users to actively participate in network governance through its Proof-of-Stake (PoS) mechanism. Validators, chosen based on their LUNC holdings, secure the network, while delegators contribute to its stability by entrusting their tokens to validators. Innovative Stablecoin Minting: Minting stablecoins on Terra Classic ...
Terra Coins Poised for Bullish Run as Crypto Market Recovers
Cryptocurrency

Terra Coins Poised for Bullish Run as Crypto Market Recovers

Terra Classic (LUNC) and Terra Luna (LUNA), both associated with the Terra blockchain, are experiencing a resurgence amid a recovering cryptocurrency market. This news follows a period of consolidation and a previous sharp decline for both tokens. Read Also: Terra Classic: Can a Fallen Giant Reclaim its Glory? Terra Classic (LUNC) LUNC price shows a bullish revival after a significant drop, forming a cup and handle pattern on the daily chart. This pattern suggests a potential breakout toward $0.00021, representing a 60% increase. The recent market recovery, including Bitcoin surpassing $57,000, further bolsters the bullish sentiment. Terra Luna (LUNA) LUNA price mirrors LUNC's pattern, potentially ending its pullback phase. Following a 55% decline, LUNA has seen...