Major Upgrade for Terra Blockchain
Terra Classic developer group Genuine Labs has proposed a major upgrade for the Terra blockchain. This upgrade, if approved, could have a positive impact on the Terra ecosystem, including the price of Terra Classic (LUNC).
What’s Included in the Upgrade
The upgrade includes:
- Implementing the latest version of the Cosmos SDK (47)
- Fixing an app hash error that has caused issues on the network
- Adding support for legacy contracts
- Preventing peer-to-peer storms
- Limiting meme and receiver length for better blockchain interoperability
Benefits of the Upgrade
This upgrade aims to improve the stability and performance of the Terra Classic network. It will also boost investor confidence, leading to increased adoption and demand for LUNC.
Impact on LUNC Price
Crypto analyst Javon Marks believes that this upgrade could trigger a 1,300% rally for LUNC. The upgrade could serve as a catalyst for a positive price trend.
Upgrade Timeline
If approved, the upgrade will be deployed by halting the chain for a software update. The chain halt is expected to occur around June 2nd.
Conclusion
This major upgrade for the Terra Classic blockchain is crucial for its future. It aims to address critical issues, improve network stability, and boost investor confidence. If approved, the upgrade could have a significant positive impact on the price of LUNC.
