Blockchain

Terra Classic V23 Upgrade Completed While LUNC Dev Group Shares Update on Rebel Station

Developers in the Terra Classic community continue to stay active and relentless in their mission to revitalize the LUNC crypto asset. Accordingly, this has led to the onboarding of numerous developments including the recently executed Terra Classic V23 upgrade.

This crucial upgrade was done concurrently with the successful re-enabling of the Inter Blockchain Communication (IBC) channels between Terra Classic (LUNC) and Osmosis, according to the LUNC developer, Raider. 

Classy Crypto, the renowned validator on the LUNC network broadcasted the disclosure on Tuesday with a corresponding screenshot. “V23 has already been delivered (v1.0.4 to open IBCs) that Edward Kim delivered with an external team,” Raider wrote in a Discord discussion. Notably, this entails that the Terra Classic network is now fully interoperable with other Cosmos-based blockchains.

Meanwhile, as earlier noted, the V23 upgrade was to be done by Terra Rebels, the leading independent LUNC development group. “Only after the Terra Rebels v23 release containing the CosmWasm upgrade will Terra Classic become fully interoperable with other Cosmos-based blockchains. Terra Rebels continues to build value for the Terra Classic Community, LUNC, and USTC,” Raider tweeted in October.

However, his recent statement showed that the Terra Classic V23 upgrade was executed by Edward Kim, a top contributor to the growth of LUNC with the help of an external team. 

Read Also: What Will Take LUNC To $0.01 Revealed As Network Validator Proposes 0.6% LUNC Tax Burn

More Developments Coming to Terra Classic

It is worth noting that more forward-looking developments are coming to the embattled project that could help boost investors’ interest in LUNC.

Part of Raider’s statement revealed that the Terra Rebels group is partnering with Edward to establish the v2.0.3 upgrade on the Terra Classic blockchain. He wrote, “v2.0.3 which will cover the parity upgrades and other Layer 1 work is still in the process of being budgeted and we are collaborating with Ed for that process.”

Recall that the TR’s fund-requesting proposal to develop a LUNC wallet application (Rebel Station) that would be completely independent of Do Kwon’s TerraForm Labs passed governance voting. In consequence, a whopping $150,000 in LUNC (937.5 million) was released from the community pool to Terra Rebels. 

Interestingly, the dev group which recently laid off ten non-functional members has made significant progress already, regarding the Rebel Station. Earlier today, the team dropped a status update on Rebel Station, adding that they will continue to give updates periodically when more information becomes available.

Read Also: New Proposal to Repeal Proposal 10983 That Mints 50% of All LUNC Burns Is Now Live

The status update as stated by a TR member Echelon said, “we are currently downloading the archival snapshot, which is 4.8TB in size from quicksync, this process will take time due to bandwidth constraints imposed by quicksync’s network, once the download has been completed we will proceed with decompressing the archive which again takes time, and then proceed to start the node sync process.”


Follow us on Twitter, Facebook, Telegram, and Google News

Ndianabasi Tom

Ndianabasi Tom joined the crypto and blockchain industry in late 2018. He is an all-rounded crypto journalist and content writer. At TimesTabloid, he covers the industry's latest news, developments, and other educational content. He is a graduate of Petroleum Engineering.

Recent Posts

From Presale to Potential: Why Qubetics ($TICS) Could Revolutionize the Crypto Space in 2024 Alongside Binance and Render

Cryptocurrencies have flipped the script on traditional finance. Whether it’s investments, tech innovation, or reshaping…

4 hours ago

Binance Suspends XRP Withdrawals. Here’s the Cause

Binance, the world’s largest cryptocurrency exchange by trading volume, has temporarily halted XRP withdrawals, citing…

8 hours ago

XRP Hits $1.15, Market Cap Surpasses $65 Billion As XRP Targets 3rd Position

Today, November 16, XRP attained a key benchmark after reaching $1, marking a significant moment…

11 hours ago

Top Exchange Announces SHIB Giveaway. Here’s How to Qualify

In a strategic move to expand its presence in the French cryptocurrency market, Cayman Islands-based…

15 hours ago

Invest Wisely: Best Crypto to Buy Now for Maximum Returns

The crypto market offers a golden chance right now. Major coins show strong recovery signals…

16 hours ago

Top Analyst Shows Unique Way for XRP to Hit $33

A recent analysis by prominent cryptocurrency analyst EGRAG CRYPTO (@egragcrypto) shed light on the potential…

16 hours ago