The Terra Luna Classic core developer’s proposal for a core security upgrade has encountered opposition after validators, including Allnodes, voted against it. The community has cited an alternative proposal that favors incremental improvements as the reason for the rejection. This disagreement among validators threatens to slow down the development of the Terra Luna Classic chain.
Proposal Rejection and Validator Concerns
Proposal number 12008, which is crucial for the security and stability of Terra Luna Classic, initially garnered 94% support but now faces a majority rejection with 53% voting “No.” The shift in voting sentiment is attributed to 14 validators, including prominent ones, who have opposed the proposal.
Despite the setback, 23 validators have shown support, and 8 have abstained from voting. The “No” votes are driven by uncertainties in the proposal’s pay-as-you-go model, with validators seeking further refinement of the details, including cost implications.
The proposal’s lack of a clear plan and specific details has been a point of contention, indicating a need for more comprehensive development before it can gain wider acceptance.
Amidst the proposal’s challenges, Terra Luna Classic (LUNC) has seen a price increase, reflecting the broader cryptocurrency market’s uptrend. With a 24-hour price increase of over 2%, LUNC is trading around $0.0001002, while its 24-hour trading volume has surged by over 90%.
Another altcoin, USTC, has also experienced growth, trading at $0.02647 with a 4% increase. The market’s positive momentum is evident in the rising prices and trading volumes of these altcoins.
