Terra Luna Classic made its security better and more secure, and more people started trading on it.
The plan is meant to make the chain stronger and more secure against possible attacks, and to make sure it can bounce back if something does go wrong. The Terra Luna Classic community is glad about this idea, and the market reaction is good.
According to CoinMarketCap, there has been a big increase in the trading of LUNC, which is Terra Classic’s own token. LUNC’s trading increased by about 6% in a day. At the same time, the value of Terra Classic in the market went up a lot, increasing by over $60 million in the past week. The token’s worth went up by 10% during the same time.
Hearing from the #LUNC community needs, the JL1TF has carefully crafted a Core security upgrade package to address the security risks, lack of new features originated from legacy components of Terra Classic.
Successfully updating these core components will provide up – to – date…
— 🇻🇳⚛️The Vinh Nguyen⚛️🇻🇳 (@TheVinhNguyen4) January 16, 2024
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The first update was done on Dec. 8th on the Terra Classic network means that something is ranked as the 8th most important thing on the network. However, an important developer, L1TF, changed the original plan to make it a complete upgrade.
This update helps validators and node operators easily make changes, especially when the chain stops automatically. The community needed to agree before they could use v2. 31
The Terra Luna Classic network had a problem that affected validators and stopped some accounts from using the chain. It was called a “sequence mismatch” issue. The group came up with a plan for the problem, but after thinking about it more, the validators and L1TF decided to make it a bigger upgrade to improve the network even more.