In a major advance for the Terra Classic blockchain, the L1 Joint Task Force (L1JTF) has upgraded its testnet to version 2.0.0. The latest development may increase the price of LUNC, as network developments indicate an active team.
The project token is steadily gaining momentum in the cryptocurrency community, with its value increasing more than once 508.48% from an all-time low on May 13, 2022.
L1JTF is upgrading Testnet to version 2.0.0
The version 2.0.0 upgrade of the testnet L1JTF with Cosmos SDK v0.45 is a major milestone in the project, introducing several new features that enhance its functionality and security. The Terra Classic community has also been supportive in driving the project’s revitalization plan.
Notably, this may also promote the transition of the Terra Classic mainnet upgrade to version 2.0.0. this Information He came from a part-time developer for the team, even.
He revealed that only six validators, including StakeBin, Lunanauts, and Allnodes, joined forces to make the upgrade a success. Some enthusiasts of the project, such as reXx, she expressed Concerns about the number of validators involved in the development, noting that it should have been up to 30.
However, Professor Edward Kim reportedly endorsed the testing process. This is surprising, given that he left L1JTF to pursue his own AI series project.
After successfully upgrading the testnet, LuncBurnArmy, L1 Team Project Manager, Presenter Proposal to upgrade the Terra Classic core network to version 2.0.0.
Based on the proposal, the upgrade is scheduled for May 17. It is worth noting that a transition to Cosmos SDK v0.45.13 and Tendermint v34.24 upgrades will be introduced.
News of the upgrade was met with enthusiasm from the LUNC community, with some investors predicting that the project token would continue to rise in value.
The L1JTF team is pushing for the development of the Terra Classic Blockchain
The L1JTF team consists of experienced developers, blockchain experts, and community members who are passionate about the Terra Classic network. Their primary mission is to see that the ecosystem is robust, secure, and able to support a wide range of decentralized applications.
The L1JTF team works tirelessly to improve network functionality and security. This is clear from success Achieved in the first quarter of 2023. The team is now preparing to take further steps to achieve more goals in the second quarter.
Furthermore, the recent upgrade to version 2.0.0 of the test network L1JTF will greatly affect the Terra Classic Network (LUNC). Primarily, it will facilitate building decentralized applications on the LUNC blockchain. This, in turn, will help the adoption and use of the token over time.
Featured image from Pixabay and chart from Tradingview