Terra Luna Classic Proposal Faces Opposition
L1TF’s proposal for a core security upgrade package on Terra Luna Classic has hit a roadblock after several validators, including Allnodes, voted against it. The rejection was based on concerns regarding proposal 11889, which outlines a pay-per-job approach for developments. Some members believe that rejecting the proposal will hinder progress on the chain.
Declining Support for Proposal 12008
Despite being an essential step towards improving security and stability, L1 Task Force’s core security upgrade package proposal is facing challenges. The proposal is also crucial for meeting the infrastructure requirements of TFL.
In the initial voting, the proposal received 94% in favor and 5% abstained. However, the current voting stands at approximately 38% in favor, 53% against, and 9% abstaining. Multiple validators, including Allnodes and Interstellar Lounge, voted against the proposal.
On the other hand, 23 validators supported the proposal while 8 abstained. They believe that the pay-per-job guidelines need further development and clarity. L1TF and Terra Classic Coalition (TCC) have acknowledged that more details are required for a feasible implementation plan.
Terra Classic Ecosystem Tokens Experience Price Surge
The price of LUNC has surged by over 7% in the last 24 hours, currently trading at $0.0001012. Trading volume has also increased by 100%, indicating high trader interest.
Similarly, USTC has witnessed a price increase of over 10% in the last day due to significant buying activity after monthly expiry. It is currently trading at $0.02652.
Hot Take: Opposition to Core Security Upgrade Proposal Puts Terra Luna Classic at Risk
The rejection of L1TF’s core security upgrade proposal by validators poses a risk to the progress and development of Terra Luna Classic. While concerns regarding the pay-per-job approach may be valid, it is essential for the community to find a compromise that ensures both security improvements and continued advancements on the chain. The decline in support for the proposal reflects the need for clearer guidelines and a more comprehensive implementation plan. Moving forward, it is crucial for stakeholders to collaborate and address these concerns to ensure the long-term success of Terra Luna Classic.
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