Terra Luna Classic (LUNC) Unveils Major Upgrade: Price Surge Anticipated

  • Terra Luna Classic developer Genuine Labs announces a major upgrade of SDK 47 of the chain.
  • The upgrade aims to enhance the chain’s components, fix dyncomm decorator issues, and handle p2p storm attacks.
  • LUNC price jumps 3% in the last 24 hours following the announcement.

Discover the latest developments in the Terra Luna Classic ecosystem as Genuine Labs announces a significant upgrade, potentially driving LUNC prices higher.

Terra Classic Set For Another Core Upgrade

Terra Luna Classic core developer Genuine Labs has announced its readiness for the latest version of SDK 47. The developer will submit an upgrade proposal for governance voting on the Terra Classic station. This new v3.0.1 upgrade will enhance various components of the chain, as detailed on GitHub. It will also address issues like fixing the dyncomm decorator and handling p2p storm attacks on the Terra Luna Classic chain.

Security and Performance Enhancements

The upgrade is part of Genuine Labs’ roadmap to provide security improvements and upgrades on the chain. Recently, the rebel-2 testnet update was successfully completed to run on terrad-v3.0.1-rc.1. This upgrade includes several key elements such as SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix aimed at enhancing the operation and performance of networks.

LUNC and USTC Prices Jump

Terra Luna Classic ecosystem tokens jumped as traders reacted to the upgrade amid the broader recovery in the crypto market. LUNC price jumped more than 3% in the last 24 hours. The price is currently trading at $0.000111, with a 24-hour low and high of $0.0001094 and $0.0001161, respectively. Furthermore, trading volume has decreased in the last 24 hours.

Meanwhile, USTC price trades at $0.02256, up more than 3% in the last 24 hours. The 24-hour low and high are $0.02128 and $0.02296, respectively.

Conclusion

The Terra Luna Classic ecosystem is poised for significant improvements with the upcoming SDK 47 upgrade. As Genuine Labs continues to enhance the chain’s security and performance, the positive market reaction suggests a promising future for LUNC and USTC prices. Investors should keep an eye on the governance voting and subsequent developments to gauge the potential impact on their investments.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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