- Terra Luna Classic’s Rebel-2 upgrade enhances network efficiency with key components like SDK v0.47 and wasmd v0.45, driving a 7% surge in LUNC price post-upgrade.
- Additionally, ongoing developments include an 800 million USTC burn and active community participation, bolstering confidence in Terra Luna Classic’s trajectory and attracting support from industry players like Binance.
The Terra Luna Classic network has undergone a significant upgrade, marking a pivotal moment in its ongoing development journey. Dubbed the Rebel-2 upgrade, this overhaul has substantially improved the efficiency and resilience of the system, paving the way for enhanced performance and scalability.
Led by developer Fragwuerdig and supported by key figures like @ColeStrathclyde, the upgrade seamlessly integrates elements such as SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix. These components work in tandem to bolster the operation and functionality of the network, setting the stage for smoother transactions and improved throughput.
This is true.
— fragwuerdig | 🧑⚖️ (@frag_dude) May 2, 2024
Been quite silent about it.
rebe-2 now running:
– SDK 0.47
– wasmd 0.45
– ibc-go v7
– p2p storm fix
Upgrade went smoothly. But we expect high RAM demand on mainnet upgrade.@ColeStrathclyde fixed minor issues in the Oracle feeder.
Mantlemint test outstanding. https://t.co/ctKRM2s8Tk
One of the noteworthy outcomes of this upgrade is the revived bullish momentum of Terra Luna Classic’s native cryptocurrency, LUNC. Following the successful implementation of the Rebel-2 upgrade, LUNC witnessed a remarkable 7% surge in its price. Trading at $0.0001029 with a 24-hour volume of $25,407,803, LUNC now boasts a market capitalization of $582,245,216.
This surge in LUNC’s market value not only reflects investor confidence but also underscores the growing trust in Terra Luna Classic’s trajectory and network development. As the cryptocurrency market continues to fluctuate, the technical enhancements and strategic upgrades contribute to positioning LUNC as a secure investment option.
Ongoing Developments and Prospects
Looking ahead, Terra Luna Classic remains committed to refining its ecosystem and preparing for future advancements. Among the upcoming initiatives is the scheduled 800 million USTC burn, aimed at reducing the circulating supply of the stablecoin. Community consensus will be pivotal in executing this migration, emphasizing the collaborative nature of Terra Luna Classic’s governance.
Moreover, ongoing testing, including the Mantlemint trial, serves as a testament to the community’s dedication to fortifying the network’s infrastructure. By exploring broader applications and addressing transactional scalability, Terra Luna Classic aims to cement its position as a reliable blockchain platform capable of supporting diverse use cases.
In parallel, Terra Luna Classic continues to receive strong support from industry leaders like Binance, which recently conducted a burn of 1.4 billion LUNC tokens. This strategic move contributes to Binance’s broader token burn efforts and underscores the exchange’s confidence in Terra Luna Classic’s long-term viability.
The completion of the Rebel-2 upgrade marks a significant milestone for Terra Luna Classic, propelling it towards greater efficiency and scalability. With ongoing developments and robust community participation, Terra Luna Classic is well-positioned to navigate the dynamic landscape of the cryptocurrency market and emerge as a prominent player in the blockchain ecosystem.
