Bitcoin BRC-20 Support Could Be Added for Terra Classic (LUNC): What Does This Mean?

  • Vegas, one of the popular members of the Terra Luna Classic community, stated that a project plans to establish a BRC-20 bridge from Bitcoin to LUNC on August 14.
  • The project aims to close the gap between Bitcoin and the Cosmos ecosystem in order to open up new horizons for DeFi applications and smart contracts.
  • LUNC has reopened interchain communication (IBC) with other Cosmos chains and increased equation upgrade security and transaction flow.

BitMos has announced plans to bring Bitcoin BRC-20 support to Terra Classic; This move is expected to be a game-changer for LUNC and USTC.

Terra Can Achieve BRC-20 Integration

terra-classic-lunc

BitMos plans to bring Bitcoin BRC-20 support to Terra Luna Classic. The project aims to close the gap between Bitcoin and the Cosmos ecosystem in order to open up new horizons for DeFi applications and smart contracts, starting with Terra Luna Classic. This will be a significant step for the LUNC community, which aims to provide benefits to the blockchain once again.

Vegas, one of the popular members of the Terra Luna Classic community, stated on August 14 that a project plans to establish a BRC-20 bridge from Bitcoin to LUNC. This move is considered to be a game-changer for LUNC and USTC. BitMos also confirmed the working plan on Terra Classic by resharing Vegas’ post.

BitMos aims to close the gap between Bitcoin and the Cosmos ecosystem and serves as a layer 2 solution for scalability and interaction issues.

Firstly, it will bring Bitcoin liquidity to the Cosmos ecosystem, as it brings the most liquidity. Additionally, LUNC underwent a transition without any impact from venture capital. The project team believes that this situation is the decentralized feature that Bitcoin envisages.

Furthermore, LUNC has reopened interchain communication (IBC) with other Cosmos chains and increased equation upgrade security and transaction flow. Bringing BRC-20 tokens to Terra Luna Classic is a significant advantage for the community, which aims to provide benefits to the chain once again.

LUNC and USTC Trading Sideways

LUNC and USTC prices have been mostly trading sideways for almost a week. Prices are moving slowly in parallel with the broader crypto market.

The LUNC price is currently trading at $0.000078 and has increased by 0.65% in the last 24 hours. The low and high values in the last 24 hours are $0.0000773 and $0.0000784, respectively. However, the trading volume has slightly decreased in the last 24 hours.

On the other hand, the USTC price has decreased by 0.5% in the last 24 hours and is currently trading at $0.014. USTC is slowly weakening due to uncertainty in the repeg story.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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