Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Terra Classic’s (LUNC) Bold Move: Restricting Validators to Safeguard Network Integrity
  • News

Terra Classic’s (LUNC) Bold Move: Restricting Validators to Safeguard Network Integrity

vivian 30 April 2024
luna burning
  • Terra Classic proposes a governance rule limiting validators to one node each, aiming to enhance network security and decentralization while preventing Sybil attacks.
  • Additionally, the proposal suggests establishing a dedicated development team to oversee project management, reflecting Terra Classic’s commitment to efficient governance and operational stability.

Terra Classic proposes governance rule to limit validators, aiming to bolster security and decentralization.

Terra Classic, a blockchain network, recently proposed a new governance rule aimed at enhancing the network’s security and decentralization. The proposed regulation restricts validators from operating more than one node and prohibits entities from validating the network across different project divisions. Non-custodial service providers would also be barred from allowing customers to run multiple validators.

Establishment of a Dedicated Development Team

In a related development, Terra Luna Classic has proposed the formation of a core team to oversee all developments on the Terra Luna Classic chain. The proposal outlines that the community pool will fund the team’s monthly salaries. This initiative reflects an effort to centralize development oversight while maintaining the decentralized nature of blockchain governance.

The proposed governance rule is designed to solidify the foundational security of the Terra Classic network. By limiting the number of nodes an entity can control, the network aims to maintain a more decentralized structure. This is crucial for preventing any single entity from gaining disproportionate influence over the network.

Enhancing decentralization is vital for the network’s resilience against attacks and manipulation. The dynamic commission module, which adjusts fees based on network conditions, will also benefit from increased compliance. This leads to more predictable and fair transaction costs for users.

Validators play a pivotal role in the blockchain’s functionality by verifying transactions and creating new blocks. The new rule ensures that these validators operate under strict guidelines, which is essential for maintaining trust and integrity across the platform.

The Terra community is set to vote on this crucial proposal soon. If passed, the rule would mandate immediate compliance from all network participants. This would ensure a fair and equitable environment within the Terra Classic network, bolstering its reputation and operational stability.

Ensuring Sustainable Development

The role of the proposed development team would be to manage and implement new projects and updates efficiently. By having a dedicated team, Terra Luna Classic aims to enhance its operational efficiency and response to technical challenges. The proposal is pending community approval, which would detail the team’s roles, responsibilities, and compensation.

This development team would operate independently of Terraform Labs, which manages the newer Terra (LUNA) chain. The distinction emphasizes Terra Classic’s commitment to a distinct and autonomous operational framework. The community’s decision on this matter will significantly influence the future governance and development structure of the Terra Classic network.

The proposed governance rule and the establishment of a dedicated development team signify Terra Classic’s commitment to ensuring security, decentralization, and efficient project management. The upcoming vote underscores the importance of community involvement in shaping the future of the network.

Continue Reading

Previous: Polkadot (DOT) Price Forecasts: Decrypting the Crystal Ball of Crypto Markets
Next: Terra (LUNC) Under Scrutiny: Andalusia Labs Faces Allegations of USTC Token Misappropriation

Related Stories

Ripple XRP on BLUE
  • News

Ripple Pushes New Crypto Rules to Limit SEC’s Power

Cal Evans 30 May 2025
Tron TRX coin
  • Analysis

Tron Flips Cardano in Market Cap as TRX Eyes $0.30 — But Trouble Looms

Sean Williams 30 May 2025
dogecoin on marbles
  • Analysis

Dogecoin Drops 10% as Traders Eye Rebound from Soaring Volume

vivian 30 May 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Ripple XRP on BLUE
  • News

Ripple Pushes New Crypto Rules to Limit SEC’s Power

Cal Evans 30 May 2025
Tron TRX coin
  • Analysis

Tron Flips Cardano in Market Cap as TRX Eyes $0.30 — But Trouble Looms

Sean Williams 30 May 2025
dogecoin on marbles
  • Analysis

Dogecoin Drops 10% as Traders Eye Rebound from Soaring Volume

vivian 30 May 2025
PEPE COIN IMAGE
  • Analysis

PEPE Eyes New Highs in June Backed by Strong Whale Accumulation

Jane Kariuki 30 May 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok