Terra Luna Classic Community Passes v2.2.1 Upgrade Proposal

Terra Luna Classic Community Passes v2.2.1 Upgrade Proposal

The Terra Luna Classic community unanimously passed a proposal for the v2.2.1 core upgrade submitted by the L1 Terra Classic Task Force (L1TF) core developer group. The proposal will bring crucial changes to the blockchain and implement key changes earlier passed through governance voting. Meanwhile, LUNC and USTC prices still remains under pressure.

Terra Luna Classic Proposal For v2.2.1 Upgrade Officially Passed

Proposal 11766 by L1 Terra Classic Task Force (L1TF) to upgrade the blockchain to v2.2.1 is officially passed by the Terra Luna Classic community.

The proposal received unanimous support from the community, with 99.85% “Yes” votes. In total 50 validators participated in the governance voting and 49 voted in favor of the proposal. Top validators including Allnodes, Interstellar Lounge, HappyCattyCrypto, Stakely, 1maxfee, and others support the proposal.

L1 Terra Classic Task Force (L1TF) developer Vinh Nguyen earlier revealed that the developer team is ready for the v2.2.1 core upgrade. The L1TF developer team will upgrade the chain at block height 14,514,000, estimated at 10:21 UTC on September 12.

The v2.2.0 core upgrade includes cosmos SDK upgrade, tendermint migration to CometBFT, IBC-go to v6, and wasmd. The upgrade also implements key changes earlier passed through governance voting including splitting the burn tax to the distribution module.

Read More: Terra Luna Classic Community Votes On Major Proposal

LUNC and USTC Prices Trends Lower

Terra Luna Classic and USTC prices remain under selloff pressure despite recent proposals passed by the community. Also, the prices continue to fall lower amid selloff across the crypto market.

LUNC price fell 5% in the past 24 hours, with the price currently trading at $0.000056. The 24-hour low and high are $0.0000565 and $0.0000605, respectively.

Meanwhile, USTC price trades at $0.012, down more than 4% in the past 24 hours. The 24-hour low and high are $0.0119 and $0.0132, respectively.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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