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Cryptocurrency News Articles
Terra Luna Classic Network Revamped: Upgrade Fuels Efficiency and Investor Optimism
May 03, 2024 at 12:59 pm
The Terra Luna Classic network has implemented a crucial upgrade, rebel-2, introducing SDK v0.47 and wasmd v0.45 to enhance network operations and efficiency. The upgrade has resulted in a 7% surge in LUNC's price, reflecting investor confidence in the network's development.
Terra Luna Classic Network Undergoes Crucial Upgrade, Boosting Efficiency and Encouraging Investor Confidence
Terra Luna Classic (LUNC), a public blockchain protocol, has successfully completed a significant upgrade dubbed "rebel-2." The upgrade introduces vital elements, including SDK v0.47 and wasmd v0.45, aimed at enhancing network operations and performance.
Developer Fragwuerdig reported that the upgrade, including minor fixes contributed by @ColeStrathclyde, proceeded seamlessly. Post-upgrade, there has been an increased demand for RAM in anticipation of an upcoming mainnet upgrade designed to bolster network scalability.
The successful upgrade has sparked a 7% surge in LUNC's price, which now trades at $0.0001035. Its market cap has reached $582,245,216, reflecting investor trust in LUNC and the ongoing development of the Terra Luna Classic ecosystem.
Moving forward, Terra Luna Classic is targeting an ambitious 800 million USTC burn and is actively testing with Mantlemint to expand its capabilities. Binance's support, including the recent burn of 1.4 billion LUNC tokens, underscores the industry's confidence in Terra Luna Classic's growth potential.
Investors remain optimistic about LUNC's future due to its successful upgrade and ongoing development initiatives, which include the planned USTC burn and testing with Mantlemint for enhanced functionality. These advancements aim to improve the network's overall stability and resilience, bolstering investor confidence in the long-term viability of the Terra Luna Classic ecosystem.
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