The Terra Luna Classic ecosystem has introduced an extensive security upgrade, resulting in a notable surge in trading activities.
This strategic enhancement aims to strengthen the chain’s defenses against security vulnerabilities, enhancing its overall resilience. The Terra Luna Classic community has enthusiastically embraced this initiative, evident in the positive market response.
According to data from CoinMarketCap, there’s a significant increase in the trading activity of LUNC, the native token of Terra Classic. LUNC’s 24-hour trading volumes have surged by around 6%. Concurrently, Terra Classic’s market capitalization has experienced a substantial boost, rising by over $60 million in the past week. Over the same period, the token’s value has seen a 10% increase.
Originally implemented on December 8th on the Terra Classic network, the update underwent a substantial modification by a prominent core developer, L1TF. This transition transformed the original proposal into a comprehensive upgrade.
This revised version facilitates the seamless implementation of changes by validators and node operators, especially during automatic halts in the chain. The adoption of v2.3.1 required community consensus for its on-chain deployment.
A recent challenge faced by the Terra Luna Classic network involved a “sequence mismatch” issue, causing adverse effects on validators and restricting certain accounts from interacting with the chain. While the community initially proposed a solution, further deliberation led validators and L1TF to elevate the response to an upgrade proposal, aiming for a more holistic improvement to the network’s functionality.
