{"id":254393,"date":"2024-02-26T18:51:26","date_gmt":"2024-02-26T13:21:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/terra-luna-classic-announces-major-core-upgrades-lunc-and-ustc-price-jumps-crypto-news\/"},"modified":"2024-02-26T18:51:29","modified_gmt":"2024-02-26T13:21:29","slug":"terra-luna-classic-announces-major-core-upgrades-lunc-and-ustc-price-jumps-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/terra-luna-classic-announces-major-core-upgrades-lunc-and-ustc-price-jumps-crypto-news\/","title":{"rendered":"Terra Luna Classic Announces Major Core Upgrades, LUNC and USTC Price Jumps &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Cosmos blockchain developer group has announced a major upgrade proposal to enhance the functionality and interoperability of the Terra Luna Classic chain. Genuine Labs\u2019 security upgrade packages include strategic upgrades to Cosmos SDK, Ibc go, and Wasmd, improving and optimizing the components.<\/p>\n<p>LUNC development team Genuine Labs also announced completing the KYC requirement with Germany-based blockchain security company SolidProof.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2>Terra Luna Classic Core Upgrade Goes Live<\/h2>\n<p>Signaling proposal 12087 \u201c<strong>Genuine Labs Terra Classic Upgrade Proposal<\/strong>\u201d goes live for voting on Station wallet. The proposal aims to boost Terra Luna Classic functionality and interoperability, with plan outlining strategic upgrades to Cosmos SDK 0.50.1 (Eden), IBC go v8, and Wasmd 0.50.0.<\/p>\n<p>Genuine Labs comprising three developers plans to complete all developments in 8 weeks, with an estimated budget of $30K. Developers claim enhanced security, increased interoperability, developer-friendly improvements, and overall performance benefits will boost the development or using applications on the Cosmos network. The slated upgrades in the security package are:<\/p>\n<ul>\n<li>Upgrade Wasmd<\/li>\n<li>Upgrade Comet BFT<\/li>\n<li>Upgrade Cosmos SDK<\/li>\n<li>Upgrade IBC hooks and PFM<\/li>\n<li>Upgrade dependencies, includes: ibc-go v8, cosmos proto and cometbft-db<\/li>\n<li>Writing upgrade handler<\/li>\n<li>Applied changes on Terra Classic Core<\/li>\n<li>Testnet Upgrade<\/li>\n<li>Mainnet Upgrade<\/li>\n<\/ul>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>The proposal has received 96% votes in favor in the initial voting. Among 5 validators who participated, all have voted \u201cYes\u201d. The approval will mark the start of tasks, with a spend proposal outlined after all tasks listed above are successfully completed.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><strong>Read More: <a rel=\"nofollow noopener\" target=\"_blank\" title=\"LUNC News: USTC Price Soars 25% As 800M Burn Proposal Is Officially Passed\" href=\"https:\/\/coingape.com\/lunc-news-ustc-price-soars-25-as-800m-burn-proposal-is-officially-passed\/\">USTC Price Soars 25% As 800M Burn Proposal Is Officially Passed<\/a><\/strong><\/p>\n<h2>LUNC and USTC Price Action<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/terra-luna-classic\/\">LUNC price<\/a> jumped 2% in the past 24 hours, with the Terra Luna Classic price exchanging hands at $0.000124. The 24-hour low and high are $0.000122 and $0.000133, respectively. Moreover, trading volume has increased by 200% in the last 24 hours amid new long positions by traders.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/terraclassicusd\">USTC price<\/a> skyrocketed 25% but pares some gains over the last 24 hours. The price is currently trading at $0.0368, with a 24-hour high of $0.0410. Furthermore, trading volume has surpassed 450% in the past 24 hours, indicating a rise in interest among traders.<\/p>\n<p><strong>Also Read:<\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/terra-luna-classic-announces-major-core-upgrades-lunc-and-ustc-price-jumps\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/terra-luna-classic-announces-major-core-upgrades-lunc-and-ustc-price-jumps\/\"><\/p>\n<p><\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA182606\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. 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<\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cosmos blockchain developer group has announced a major upgrade proposal to enhance the functionality and interoperability of the Terra Luna Classic chain. Genuine Labs\u2019 security upgrade packages include strategic upgrades to Cosmos SDK, Ibc go, and Wasmd, improving and optimizing the components. LUNC development team Genuine Labs also announced completing the KYC requirement with Germany-based [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":206597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-254393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=254393"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254393\/revisions"}],"predecessor-version":[{"id":254394,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254393\/revisions\/254394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/206597"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=254393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=254393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=254393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}