Terrau’s Enhanced Security Measures Drive a 15% Increase in Total Market Capitalization
Terra Luna Classic, a core developer of L1TF, has successfully completed a core security upgrade to enhance safety and stability. The upgrade, known as v2.3.2, aims to resolve the sequence mismatch issue that was impacting certain validators after the introduction of the dyncomm module.
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Terra Luna Classic v2.3.2
On December 8, the Terra Classic upgrade took place. L1FT, the core developer, revised the proposal to allow validators and node operators to implement changes while the chain automatically halts. The proposal required community approval for the on-chain deployment of the terrad client v2.3.1.
The Terra Luna Classic community recently approved a proposal to address the sequence mismatch issue, which was causing problems for validators. This issue resulted in certain accounts being blocked from further interactions with the chain. Although the community accepted the proposal to resolve the sequence mismatch issue, validators and the core developer L1TF decided to transform it into an upgrade proposal.
LUNC Price Surges with v2.3.2 Upgrade
Following the community’s approval of the Terra Lunc core security upgrade, the price of LUNC experienced a significant surge, rising by 25%. LUNC Price Jumps 5% & USTC 12%.
Terra Lunc has witnessed an impressive rally, surging over 115% in a month and 88% in the past week. This surge can be attributed to TerraClassicUSD (USTC), which has seen a substantial 400% boost in a month. The price surge is further fueled by the news of Mint Cash and Binance’s introduction of the USTC perpetual contract, as well as the launch of new USTC trading pairs.
Vinh Nguyen, the developer of the Joint L1 Task Force (L1TF), posted on X, assuring the community of uninterrupted services. He stated, “We believe that our extensive experience in maintaining and deploying these core components on the mainnet will provide the best service to the community. We would also like to express our gratitude to those who have helped us review this package to ensure its alignment with the Pay-per-Job gov-approved proposal.”
The budget for this upgrade is $51,000, and the team estimates that it will take 11 days to complete.
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