Terra Luna Classic undergoes v2.2.1 Core Upgrade
The L1 Terra Classic Task Force (L1TF) developer group has initiated the v2.2.1 core upgrade for the Terra Luna Classic chain. Unlike previous upgrades, this one is taking longer to complete. The upgrade includes significant changes such as a new cosmos SDK, tendermint migration to CometBFT, and IBC-go to v6. Additionally, it implements changes approved through governance voting, including splitting the burn tax to the distribution module.
Terra Luna Classic Network Slowly Comes Back Online
The Terra Classic chain is slowly coming back online as validators begin to reconnect. AtomScan reports that blocks and inflation data are displaying correctly, but staked LUNC data is yet to be visible on the platform. Validators and node operators have confirmed their upgrade to the latest v2.2.1 release to prepare for the network upgrade.
LUNC and USTC Prices Rise Following Upgrade
After the upgrade, the prices of Terra Luna Classic ecosystem tokens LUNC and USTC experienced a surge. The broader crypto market’s slight recovery also contributed to the price increase. LUNC’s price rose by nearly 4% in the past 24 hours and is currently trading at $0.000057. USTC’s price also increased by 3% and is currently trading at $0.012.
Support from Binance and Other Platforms
Binance and other platforms have announced their support for the Terra Luna Classic network upgrade, indicating the importance of this core upgrade for the ecosystem.
Hot Take: Terra Luna Classic Upgrades Network with v2.2.1 Core Upgrade
The Terra Luna Classic chain has undergone a significant upgrade with the v2.2.1 core upgrade. This update introduces key changes and improvements, including a new cosmos SDK, tendermint migration, and IBC-go update. The network’s slow return to normalcy after the upgrade is a positive sign, with validators and node operators confirming their successful upgrade. The price of LUNC and USTC tokens has also seen a boost following the upgrade, aligning with the broader crypto market’s recovery. With support from major platforms like Binance, the Terra Luna Classic network upgrade is poised to enhance the ecosystem’s capabilities and attract more participants.
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