Terra Luna Classic Upgrade Maximizes Efficiency and Performance

The Terra Luna Classic (LUNC) network has implemented the rebel-2 upgrade, improving its efficiency and robustness. This upgrade includes SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix, focusing on enhancing network operation and performance. The upgrade has been executed smoothly, with minor Oracle feeder fixes addressed by key developers. Post-upgrade, RAM demand is anticipated to increase in preparation for the mainnet upgrade.

Terra Luna Classic Upgrade Enhances Network Efficiency and Performance

May 2, 2024

Introduction

The Terra Luna Classic network has recently completed a significant upgrade, referred to as "rebel-2," which introduces several enhancements to the system's efficiency and robustness. This upgrade is currently operational on the terrad-v3.0.1-rc.1 software version.

Upgrade Components

The rebel-2 upgrade encompasses several vital components, including:

• SDK v0.47
• WasmD v0.45
• IBC-Go v7
• P2p storm fix

These components aim to improve the overall operation and performance of the network by optimizing its functionality and addressing potential issues.

Smooth Implementation and Minor Fixes

The upgrade process was executed seamlessly, as affirmed by Terra Luna Classic developer @frag_dude. Minor fixes in the Oracle feeder were promptly handled by key developers, including @ColeStrathclyde.

Anticipated Increase in RAM Demand

Developers anticipate that the upgrade may lead to an increase in RAM demand on the mainnet due to the upcoming mainnet upgrade. This strategic enhancement is expected to facilitate the growth of the network's throughput, enabling it to handle increased transaction volume more efficiently.

Positive Impact on LUNC Price

Following the successful execution of the upgrade, the Terra Luna Classic (LUNC) token has experienced renewed bullish momentum. At press time, LUNC was trading at $0.000104, representing a 9% appreciation over the past 24 hours. The token's market capitalization stands at approximately $582,245,216.

Community Involvement in Network Development

The Terra Luna Classic community plays an active role in supporting the network's growth and development. In addition to the recent upgrade, the community is actively participating in the testing and further refinement of the system. The ongoing Mantlemint test is a testament to their dedication to ensuring a robust and functional blockchain infrastructure.

Community Support for Burns and Development

The Terra Luna Classic community is committed to the burning of USTC stablecoins to reduce its circulating supply. A scheduled burn of 800 million USTC is pending, subject to community approval. The community believes that this initiative will contribute to the stability and growth of the Terra Luna Classic ecosystem.

Industry Support from Binance

The Terra Luna Classic project has received significant support from major industry players, including Binance. Binance has implemented burn mechanisms for LUNC tokens, contributing over 57.66 billion tokens burned to date. This support from Binance further enhances the credibility and prospects of the Terra Luna Classic network.

Conclusion

The Terra Luna Classic network upgrade, code-named "rebel-2," is a testament to the ongoing efforts to enhance the efficiency and robustness of the system. The smooth implementation of the upgrade, coupled with the community's active involvement and industry support, bodes well for the future growth and development of the Terra Luna Classic ecosystem.