terra luna Classic Set for V3.0.1 Upgrade, LUNC Price Increase in June
Terra Luna Classic Layer 1 development team Original Labs, v3.0.1 upgradeIt covers SDK 47 and other major updates in the chain. The move comes after the developer group announced that it is ready for a major upgrade to further increase the efficiency and robustness of the system.
Terra Luna Classic Developer Submits Major Upgrade for Voting
Software Upgrade Offer 12110 “Original Labs’ offer for the v3.0.1 Upgrade” is ready for management voting in the Station wallet. The proposal seeks community and validator agreement for the v3.0.1 software upgrade, previously prepared by Original Labs, according to details on the Terra Luna Classic community’s GitHub.
Upon approval of this proposal, the proposed binary code is deployed on-chain via a chain interception software upgrade. This means that the Terra Classic chain will take place on: block height 18,303,000 and the protocol will require validators to replace the old binary with the new one. The upgrade is estimated to occur on June 2, 2024 at 16:00 UTC.
As parofix reported, this upgrade consists of several key elements, including: SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix aimed at improving the operation and performance of networks.
The proposal has received 100% positive votes from the community so far. Among the validators, 4 have just participated in the governance vote and all voted in favor of the proposal.
Read More: Terra Luna Classic Announces Major Upgrade, LUNC Price Will Rise
LUNC and USTC Price Performance
LUNC price has been trading sideways in the last 24 hours and is currently at $0.0001134. The 24-hour low and high are $0.0001127 and $0.0001155 respectively. Additionally, transaction volume has dropped by a further 30% in the last 24 hours.
Meanwhile, USTC price is also trading sideways. $0.02252. The 24-hour low and high are $0.02244 and $0.02319 respectively. The price is up 16% this month.
There are low trading volumes in spot and derivatives, and investors are likely waiting for clues from the broader crypto market.
So read:
✓ Share:
Varinder has 10 years of experience in the Fintech industry and has been dedicated to blockchain, crypto and Web3 development for over 5 years. A tech enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles, and articles. Varinder believes in the great potential of future innovative technologies with parofix Media. He currently covers the latest updates and developments in the crypto industry.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
#Terra #Luna #Classic #Set #V3.0.1 #Upgrade #LUNC #Price #Increase #June