Terra Luna Classic Community Votes on Proposal to Enable ICA Controller
The Terra Luna Classic community is currently voting on a proposal that aims to enable the ICA Controller parameter. This proposal has received unanimous support from validators, with all participants voting “Yes” to prioritize the enablement of the ICA Controller module.
Network Glitch Hinders State Export for Testnets
The proposal is crucial because it addresses an internal storage inconsistency issue in the Terra Classic network. Currently, developers are unable to export the state of Terra Classic into a genesis.json file due to this glitch. This poses a problem when developers want to create testnets based on the state of the mainnet.
Developer Fragwuerdig highlighted the importance of resolving this issue, stating that it hinders the extraction of blockchain state into a specialized file required for testnet creation.
Overwhelming Support for Proposal
The proposal has garnered overwhelming support from validators, with 99.96% voting “Yes.” Out of the 31 participating validators, all of them, including Orion, Interstellar Lounge, Stakely, and Luna Station 88, voted in favor of the proposal.
LUNC Price Faces Decline
Terra Classic ecosystem token LUNC has experienced a significant decline following its delisting from Crypto.com. The overall market selloff has also affected LUNC and USTC prices.
In the past 24 hours, LUNC’s price has dropped by over 10%, continuing its downward trend since the TFL bankruptcy event. Currently trading at $0.0000902, LUNC has seen a 27% decrease in value over the past week.
The price of USTC has also been impacted, with an 8% decline in the last 24 hours. It currently trades at $0.0227.
Hot Take: Terra Luna Classic Community Prioritizes Proposal for Internal Storage Improvement
The Terra Luna Classic community has demonstrated its commitment to resolving the internal storage inconsistency issue by voting overwhelmingly in favor of a proposal to enable the ICA Controller parameter. This decision paves the way for developers to export the state of Terra Classic into a genesis.json file, facilitating the creation of testnets based on the mainnet’s state. However, the recent delisting of LUNC from Crypto.com has negatively impacted its price, contributing to a market-wide selloff. As the community works towards enhancing the network, it will be interesting to see how these developments shape the future of Terra Luna Classic.
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