Claim BonusLUNC News: Terra Luna Classic Key Proposal Fails, LUNC Price Stars Rallying
Highlights
- Terra Luna Classic rejects a crucial proposal on preventing validators from running multiple nodes.
- Validator such as Allnodes claim no enforceable rules should be created on permissionless blockchains.
- LUNC price jumps 5% amid broader market recovery.
LUNC News: Terra Luna Classic community has rejected a crucial proposal on preventing validators from running multiple nodes on the chain. The proposal received some votes in favor from validators, but top validator Allnodes voted “No” citing “No enforceable rules should not be created on permissionless blockchains” as the reason.
Terra Luna Classic Proposal Rejected
Proposal 12101 “Rules to prevent double & network validating” has failed to pass governance vote. The proposal aimed ar tackling the emergence of validators running multiple nodes on the chain, posing a risk to the decentralization and security of the network.
The proposal received nearly 38% “Yes” votes, along with 37% “No”, 21% “No with veto” and 4% “Abstain” votes. The proposal has not received support from validators and delegators. Out of 45 validators who participated in the voting, only 20 validators including Interstellar Lounge, HappyCattyCrypto, TerrCVita, LBUN Project, and StakeBin voted in favor of the proposal.
As CoinGape reported earlier, this measure addresses concerns about potential risks to the network’s security and decentralization. Validators currently operating multiple nodes would need to revert to a single-node operation. Non-custodial providers must enforce these restrictions rigorously. The proposal seeks to diminish the likelihood of Sybil attacks, where one entity controls multiple nodes, thus compromising the network’s integrity.
Also Read: Binance Burns 1.4 Billion Terra Luna Classic (LUNC) Tokens
LUNC Price Soars 5%
LUNC price jumped 5% in a day amid market-wide buying. The price is currently trading at $0.0001096. The 24-hour high and low are $0.0001047 and $0.0001097, respectively. Moreover, trading volume has increased slightly in the last 24 hours.
Meanwhile, USTC price climbed 1% in the last 24 hours, with the price currently trading at $0.01981. The 24-hour low and high are $0.01941 and $0.01992, respectively.
Also Read:
- New Class Action Lawsuit Filed Against Coinbase, Brian Armstrong
- This Firm Invests $75M In BlackRock, Fidelity, Bitwise, GBTC Bitcoin ETF: SEC Filing
- Elon Musk’s Tesla Adds Dogecoin As Payment Method, DOGE Price Rally 20%
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Binance Founder CZ Says ‘Super Cycle’ Incoming as VanEck Unveils $2.9M Bitcoin Target
- Will Bitcoin Crash or Rally? Top 3 Events to Watch This Week
- CLARITY Act Markup: Senate Banking Committee Issues Official Notice for Jan. 15
- Trump Tariffs: US Treasury Able to Refund Amid Crypto Market Crash Concerns
- Pi Coin Utility Grows as Pi Network Launches Major App Payment Upgrade
- Bitcoin Price Prediction: Digital Gold in Focus Amid US Strategic Crypto Reserve Talks
- Pi Network Price Prediction Ahead of 2026 First Upgrade
- Why Is Polygon (POL) Price Up Today? Here’s What’s Fueling the Surge
- What’s Keeping XRP Price Below $3 After a Significant Jan 2026 Rally?
- Top Crypto Analyst Predicts Cardano Price Can Hit $10: Will It?
- Ethereum Price Prediction Ahead of U.S Unemployment Data Drops Today
