Terra Classic is making significant strides to improve its ecosystem. The community has recently advanced a proposal aimed at reducing the broader costs associated with the platform. This proposal, which has garnered significant support, comes as the LUNC price is poised for a potential breakout.
Proposal to Remove Forked Mainline Modules
The proposal, submitted by OrbitLabs, seeks to eliminate forked mainline modules from the Terra Classic ecosystem. These outdated components have contributed to higher maintenance costs, technical debts, and reduced efficiency. By adopting standard modules, Terra Classic can benefit from improved maintainability, enhanced security, and quicker adoption of upstream updates.
Addressing Security Risks and Operational Costs
The use of outdated Cosmos modules has created unnecessary complexity and increased operational costs. Moreover, the forked versions pose security risks due to the potential for missing important updates. OrbitLabs emphasizes the urgency of addressing these issues to ensure Terra Classic’s competitiveness in the evolving crypto landscape.
The proposal involves a two-phase implementation plan. The first phase will focus on updating the consensus engine and Cosmos SDK, bringing Terra Classic in line with the latest security features and innovations. The second phase will involve upgrading the Wasmd contract system to ensure compatibility with existing smart contracts and minimize disruptions during migration.
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LUNC Price and Market Sentiment
The Terra Classic community’s progress on this proposal has positively influenced market sentiment. LUNC’s price has seen a surge, reaching a 24-hour high of $0.00009714. The token’s trading volume has also experienced a significant increase, indicating growing interest.
Potential for Further Growth
With the successful implementation of the proposal, Terra Classic can expect a more sustainable and competitive blockchain. This could attract new users and investors, leading to further growth in the LUNC price.
The Terra Classic community’s commitment to improving the ecosystem is evident in the advancement of this key proposal. By reducing costs and enhancing security, Terra Classic can position itself as a more attractive platform for the future. As the proposal moves forward and the LUNC price gains momentum, the community is hopeful for a brighter future for the Terra Classic ecosystem.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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