Terra Luna Classic Core Security Upgrade
Terra Luna Classic core developer L1TF has announced an upgrade package to address the security risks and concerns of the Terra Luna Classic community. The upgrade will improve the security and stability of the chain, as well as meet the infrastructure requirements for TFL support.
Vinh Nguyen, a developer from the Joint L1 Task Force (L1TF), shared this announcement on January 16. The community has expressed concerns about the lack of new features stemming from legacy components of Terra Luna Classic.
The successful upgrade of core components will provide better security and stability, while also meeting the infrastructure needs for TFL support. Vinh Nguyen expressed gratitude to those who helped review the package, ensuring it aligns with the approved proposal.
The team, consisting of Vinh, Inon Man, and Frag (a voluntary contributor), expects to complete the upgrade in 11 weeks. The total budget for this project is $51,000, which will be held in a multisig account by members of the package and oversight committee. The Terra Classic components being upgraded include Wasm module (wasmd) and Wasm Virtual Machine (wasmvm), Cosmos SDK, Comet BFT, IBC-GO, and Mainnet.
LUNC and USTC Prices Rally
Following this announcement, there was a significant rally in the prices of Terra Luna Classic (LUNC) and USTC. Traders may be readjusting their trades based on these recent developments.
LUNC’s price has jumped over 5% in the last 24 hours and is currently trading at $0.000126. The 24-hour high and low for LUNC are $0.000118 and $0.000127 respectively. Additionally, trading volume has increased by 65% in the last 24 hours, indicating a rise in interest among traders.
Similarly, USTC’s price has also rallied after the announcement, with a massive 230% increase in trading volume. The price is currently trading at $0.030, up over 12% in the last 24 hours. The 24-hour high and low for USTC are $0.0268 and $0.0318 respectively.
Hot Take: Terra Luna Classic Core Upgrade Boosts Security and Prices
The recent core security upgrade announcement from Terra Luna Classic has had a positive impact on both security and prices. By addressing security risks and improving stability, the upgrade provides reassurance to the community and attracts more interest from traders.
This development has led to significant price rallies for LUNC and USTC, with both cryptocurrencies experiencing notable increases in trading volume. These price movements reflect the market’s response to the upgraded security measures and indicate growing confidence in Terra Luna Classic’s future prospects.
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