LUNC news: this is why the Terra Luna Classic EVM and validator proposals failed

The Terra Luna Classic (LUNC) community rejected two key proposals that would have helped strengthen the utility and security of the Terra Classic chain. A major validator with 15% voting power and other validators voted against the proposal, opposing the goal of introducing support for the Ethereum virtual machine (EVM) and restoring the validator count to 130.

Terra Luna Classic proposals rejected

Proposal 11978”Review EVM functionality” is rejected by the Terra Luna Classic community. It was close to approval, but last-minute votes from a number of validators led to its failure. Notably, the proposal was still approved with 44.94 % of votes “Yes” and 42.81% of “No” after the Allnodes vote.

Lead validator Allnodes voted “No” to the proposal, opposing research into EVM capabilities on the LUNC chain. Allnodes said in a statement: “Even focusing on just one compiler, the short-term cost for research and development, but also the potential long-term maintenance cost remains unclear. An evaluation of this should be made before considering a positive signal for funding.”

The EVM would expand the use cases of Terra Luna Classic by bringing the programmability and composability of the EVM and the sovereignty and interoperability of the Cosmo.

Allnodes also voted “No” to Proposal 11966”Reset validator list to 130“. The proposal aims to streamline the process and prioritize the restoration of 130 validators on the Terra Classic chain. “Our goal is to ensure the continued decentralization and robustness of the network while minimizing the burden on developers.”

The proposal has 30% of the “Yes” votes and 49% of the “No” votes. Validators such as JESUSisLORD, HappyCattyCrypto and TerraCVita support the proposal, while Allnodes, Interstake One, Luna Station 88, PFC and Lunanauts.

Read More: LUNC Price Rises 5% and USTC 12% After Major Security Update Package Announcement

LUNC and USTC pump

The price of LUNC has increased by 1% in the last 24 hours, with the price currently trading at $0.000126. The 24-hour high and low are $0.000120 and $0.000128, respectively. Furthermore, trading volume has increased by 85% in the last 24 hours, indicating an increase in interest among traders.

Meanwhile, USTC price is currently trading at $0.0307, ​​up more than 8% in the past 24 hours. The 24-hour high and low are $0.0286 and $0.0327, respectively. Trading volume increased by 300%.

Read also:

  • Supreme Court Rejects Chevron Doctrine’s Implications for Cryptocurrencies and Ripple
  • Here’s why the cryptocurrency market is down today, the short-term impact of Bitcoin ETFs is largely outweighed
  • TrueUSD (TUSD) Falls to $0.9712, Here’s Why

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة