Terra Luna Classic Introduces EVM Support for Chain Development
The Terra Luna Classic community is taking a unique approach to chain development by enabling Ethereum virtual machine (EVM) support. This move allows the Terra Classic chain to become compliant with new technologies and offers several advantages.
One notable advantage of EVM support is the ability for Terra Luna Classic to use the Solidity programming language, which is widely used on EVM chains.
Terra Luna Classic Expands Use Cases with EVM Functionality
Proposal 11978, titled “Investigate EVM Functionality,” is currently being voted on through the Station wallet. The proposal aims to expand the use cases of Terra Luna Classic by incorporating the programmability and composability of the EVM with the sovereignty and interoperability of Cosmos.
The proposal has already received over 62% of votes in favor, with 29 validators supporting it. The voting deadline is January 17.
This move towards EVM functionality opens up opportunities for Terra Luna Classic to adopt widely-used blockchain development standards, attracting projects such as Curve DAO, Uniswap, ChainLink, Hedera, and more. Additionally, it offers advantages in terms of inter-blockchain communication (IBC) limitations on EVM.
LUNC and USTC Price Movements
In the past 24 hours, LUNC’s price has fallen by over 1%, currently trading at $0.000121. The highest and lowest prices within that period were $0.000118 and $0.000126, respectively. Trading volume has also decreased by 40% in the last day, indicating a decline in trader interest.
On the other hand, USTC’s price is currently at $0.027, showing a weekly increase of over 10%. The highest and lowest prices in the past 24 hours were $0.0266 and $0.0286, respectively.
Hot Take: Terra Luna Classic Embraces EVM Support to Unlock New Possibilities
The introduction of EVM support by Terra Luna Classic demonstrates a forward-thinking approach to chain development. By incorporating the Solidity programming language and leveraging the advantages of EVM functionality, the community aims to enhance interoperability, attract prominent projects, and explore emerging technologies. This strategic move has the potential to unlock new possibilities for Terra Luna Classic and further establish its position in the crypto space.
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