Terra Luna Classic Community Proposes 10x Gas Fee Hike to Combat Spam Attacks

Terra Luna Classic community is considering Proposal 12095, which proposes a 10x increase in gas fees to mitigate transaction spam attacks. The current gas fees, deemed extremely low at 3.74 LUNC, are seen as making these attacks feasible and economical. The proposal argues that increasing gas fees would add a cost deterrent to such attacks, while acknowledging potential impacts on dapps and chain partners due to higher fees. Currently, 76.56% of votes support the proposal, with 17 out of 30 validators in favor.

Terra Luna Classic Community Proposes Mitigation Measures to Counter Spam Attacks

Proposal to Significantly Increase Gas Fees Gains Traction

The Terra Luna Classic community is actively pursuing measures to prevent spam attacks on its blockchain network, with a proposal to increase gas fees by a factor of ten (10x) gaining substantial support.

Low Gas Fees Facilitating Spam Attacks

According to the proposal, current gas fees on the Terra Luna Classic chain are extremely low, amounting to only 3.74 LUNC for a transaction. This negligible cost makes it feasible and economical for malicious actors to perpetrate transaction spam attacks on the network.

Proposal Details: 10x Gas Fee Increase

The proposal, numbered 12095, suggests increasing gas fees by 10x to deter these attacks. By raising the cost of transactions, the proposal aims to make such attacks less lucrative and economically unviable for perpetrators.

Distribution of Gas Fees

Gas fees are currently split evenly, with 50% allocated to the community pool and 50% to staking rewards. The proposal argues that increasing gas fees would enhance the community pool's resources, further bolstering the network's security.

Potential Impacts on dApps and Chain Partners

While the proposal aims to mitigate spam attacks, it acknowledges the potential impact on decentralized applications (dApps) and chain partners due to higher transaction costs. The proposal acknowledges this concern and emphasizes the need for a balanced approach that protects the network while ensuring the ecosystem's growth.

Community Support

The proposal has garnered significant support from the Terra Luna Classic community. As of the latest voting update, 76.56% have voted in favor of the measure, with 17 out of 30 validators expressing their approval.

Alternative Perspectives

Despite the widespread support, some community members have expressed concerns about the potential impact on the overall usability and accessibility of the network. TerraCVita, a prominent community member, has stated that increasing gas fees may not effectively reduce the impact of chain attacks and could create additional challenges for dApp developers.

Ongoing Voting Process

The proposal remains under active voting on the Station wallet. The community is encouraged to participate in the voting process and provide feedback to ensure a comprehensive and effective outcome. The voting results will determine whether the 10x gas fee increase measure is implemented on the Terra Luna Classic blockchain.