NewsletterTerra Luna Classic L1TF All Set For v2.2.0 Core Upgrade, LUNC Price Jumps 5%
Terra Luna Classic developer L1 Terra Classic Task Force (L1TF) finalizes preparation for the v2.2.0 core upgrade of the chain. The core developer team successfully tested the upgrade on the rebels-2 testnet for a week before the mainnet is expected to go live in September starting. Meanwhile, LUNC and USTC tokens are building upside momentum.
Terra Luna Classic v2.2.0 Core Upgrade Readiness
L1 Terra Classic Task Force (L1TF) developer Vinh Nguyen took to X to reveal that the developer team is ready for the v2.2.0 core upgrade and will process it after it passes the governance proposal mechanism. Moreover, all full nodes and validators should update with the v2.2.0 release after approval of the proposal by the Terra Luna Classic community.
The team successfully completed the testnet upgrade and all reported issues are now fixed. Several validators joined the rebel-2 testnet prior to scheduling the mainnet upgrade.
According to the report, code work for the v2.2.0 core upgrade including cosmos SDK upgrade, tendermint migration to CometBFT, IBC-go to v6, and wasmd are completed. The upgrade introduces key changes earlier passed through governance voting including splitting the burn tax to the distribution module.
Read More: Terra Luna Classic Requisite Market Swap Reopening For LUNC And USTC To $1
LUNC Price Picks Up Momentum
Terra Luna Classic and USTC prices are gaining upside momentum, recovering from the recent drop amid a broader market recovery after Grayscale’s win against the U.S. Securities and Exchange Commission (SEC).
LUNC price jumped 5% in the past 24 hours, with the price currently trading at $0.000064. The 24-hour low and high are $0.0000612 and $0.0000655, respectively.
Meanwhile, USTC price trades at $0.012, up nearly 5% in the past 24 hours. The 24-hour low and high are $0.0123 and $0.0127, respectively.
Also Read:
- End Of “Goerli” Era As Ethereum Clients Release Updates For Holesky Testnet
- Bitcoin To Hit $30000 After Key PCE Inflation And Jobs Data?
- Pro-XRP Attorneys, Ripple CLO, Analysts Weigh In On Coinbase Vs SEC Lawsuit Dismissal
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
- Hyperliquid Halts Deposits and Withdrawals Amid POPCAT Liquidation Saga
- Arthur Hayes Issues Advice To ZEC Holders Amid Push For Crypto Privacy
- Market Structure Bill: Senate Ag Committee Targets Early December Markup
- Breaking: U.S. SEC Unveils ‘Token Taxonomy’ To Help Classify Crypto Assets
- Winklevoss Twins Unveil Zcash Treasury Company Cypherpunk, Eyes 5% ZEC Supply
- Sui Price Set for a $5 After Launch of USDsui Native Stablecoin
- Ethereum Price Holds Above $3,400: Can Bulls Defend This Key Support?
- After a 108,000% Burn Spike, Will Shiba Inu Price Hit $0.000016 Next?
- Bitcoin Price Eyes Fresh Rally as U.S Government Reopening Sparks Risk-On Mood
- Pi Network Price Eyes Rally to $0.5 as Top Whale Holdings Nears 375M Tokens
- When Will Solana Price Reach $300: Prediction and Analysis
