Luna LUNC News: Terra Luna Classic v2.2.0 Core Upgrade
The L1 Terra Classic Task Force (L1TF) has announced progress with the v2.2.0 core upgrade of the Terra Luna Classic chain. The upgrade will be tested on the rebels-2 testnet before going live on the mainnet in September. The LUNC and USTC tokens are also gaining momentum for a potential upward movement.
Key Points:
- Sprint 2 of the core upgrade has been completed, with the release of core v2.2.0 first version (rc1).
- The upgrade includes cosmos SDK upgrade to SDK 46, tendermint migration to CometBFT, IBC-go to v6, and wasmd completion.
- The mainnet upgrade is expected to happen by the end of sprint #3.
- L1TF is considering migrating oracle and 20% VP limit logic to the core, reducing upkeep effort.
- LUNC cap proposal is discussed, but L1TF recommends avoiding it to prevent damage to the chain and impact on USTC swap functioning.
LUNC Price Picks Up Momentum
The prices of Terra Luna Classic (LUNC) and USTC tokens are experiencing an upward momentum after a recent drop in the broader crypto market. LUNC price has fallen 1% in the past 24 hours, currently trading at $0.000065. USTC price has increased by nearly 5% in the past 24 hours, trading at $0.013.
Hot Take:
The progress made by the L1 Terra Classic Task Force with the v2.2.0 core upgrade of the Terra Luna Classic chain is a positive development for the crypto community. The potential upward movement of LUNC and USTC tokens indicates growing interest and confidence in the project. It will be interesting to see how the mainnet upgrade unfolds and if it brings further improvements to the Terra Luna Classic ecosystem.
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