Terra Luna Classic Core Developer Prepares For Major Upgrade
L1 Terra Classic Task Force (L1TF) lead developer Vinh Nguyen on August 9 announces sprint #1 report and preparations for the major v2.2.0 core upgrade. Former LITF member “Frag” appreciated Vinh Nguyen for finally coming out with a written update on progress and plans for the Terra Luna Classic blockchain.
Main Breakdowns:
- The L1 Terra Classic Task Force (L1TF) is preparing for a major core upgrade to the Terra Luna Classic blockchain.
- The upgrade, known as v2.2.0, aims to make improvements and resolve issues while ensuring stability.
- Vinh Nguyen, the lead developer, shared a written update on progress and plans for the upgrade.
- The developer group is implementing changes based on community proposals and working on maintenance tasks.
- The upgrade includes addressing chain issues, implementing logic proposals, and fixing the smart contract module.
LUNC and USTC Prices Continue To Hit Support Levels
The prices of LUNC and USTC have been affected by the lack of momentum and activity in the developer group. Additionally, the community has passed proposals to burn 800 million USTC linked to the Ozone protocol.
Main Breakdowns:
- The LUNC price has fallen to support levels due to the focus on USTC repeg.
- The community has approved proposals to burn 800 million USTC.
- LUNC price has experienced a slight decrease in the past 24 hours, currently trading at $0.000078.
- USTC price has also decreased in the past 24 hours, trading at $0.015.
- The trading volume of USTC has decreased by 33% in 24 hours.
Hot Take:
The Terra Luna Classic core developer’s preparation for a major upgrade shows their commitment to improving the blockchain and addressing community concerns. However, the decrease in LUNC and USTC prices highlights the challenges faced by the project. It remains to be seen how the upcoming upgrade and burning of USTC will impact the project’s stability and growth.
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