Terra Luna Classic Upgrades with v2.4.2 to Introduce IBC-Hooks
Terra Luna Classic is all set for another major chain upgrade as the community has unanimously approved the proposal, receiving major support from validators. The Terra Classic v2.4.2 upgrade will primarily introduce IBC-Hooks that will enable onboarding of dApps on the Terra Luna Classic, with notably Enterprise DAO.
Terra Luna Classic v2.4.2 Upgrade Proposal Officially Passed
The software upgrade proposal “Upgrade v2.4.2” has surpassed the pass threshold, grabbing major support from Terra Luna Classic validators and the community to update the terrad client to v2.4.2 (upgrade name v7). The Terra Luna Classic chain will be halted at block height 17309000, expected at 16:00 UTC on March 25.
The proposal received 100% “Yes” votes from LUNC holders and validators, including Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto. The unanimous support indicates the significance of the proposal.
After a discussion period of a week, several changes were made to the proposal based on community feedback:
- Package-forward-middleware (PFM) removed from mainnet release
- Minimum initial deposit addition
Terra Luna Classic v2.4.2 Upgrade Details
The key developments in the Terra Classic upgrade are as follows:
- Introduction of IBC-Hooks by Genuine Labs and Fragwuerdig
- E2E and Interchain Testing Suite by Genuine Labs
- A fix regarding the processing of MsgExec in Tax Ante Handler by Fragwuerdig
- Add tests for MsgExec handling by StrathCole
- Fix minimum initial deposit handler by Frag and StrathCole
The Terra Luna Classic community has also approved Genuine Labs’ major security upgrade proposal, which updates key components to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0.
LUNC Spot and Futures Listing
Singapore-based crypto futures trading platform WEEX has announced the listing of LUNC spot and futures pairs. Users can trade LUNC/USDT futures and LUNC/USDT spot on March 11.
The LUNC price has seen a 1% increase in the past 24 hours and a 4% increase in the past week, with the Terra Luna Classic price trading at $0.000190. The 24-hour low and high are $0.000178 and $0.000198, respectively. The trading volume has dropped by 4% in the past 24 hours.
The USTC price has also increased by 1% in the last 24 hours. The price currently trades at $0.0350, with a 24-hour low and high of $0.0331 and $0.0360, respectively. Furthermore, trading volume has increased by 4% in the past 24 hours.
Hot Take: Terra Luna Classic Continues to Innovate
Terra Luna Classic’s latest upgrade proposal passing with unanimous support from validators and the community highlights the continuous innovation happening within the ecosystem. The introduction of IBC-Hooks will open up new possibilities for dApps on the Terra Luna Classic chain, particularly benefiting Enterprise DAO.
Furthermore, the approval of Genuine Labs’ security upgrade proposal demonstrates the commitment to enhancing the platform’s security and stability.
With the listing of LUNC spot and futures pairs on WEEX, users now have more options for trading Terra Luna Classic. The recent price increases indicate growing interest and activity within the community.
Terra Luna Classic’s dedication to improving its infrastructure and expanding its ecosystem positions it as a promising player in the crypto space.
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