In a notable development within the struggling cryptocurrency market, Terra Luna Classic (LUNC) prepares for a crucial network upgrade that is expected to enhance security and operational efficiency. Supported by Binance, this update is scheduled for February 25, 2025, and will involve temporary pauses on deposits and withdrawals. This initiative enjoys substantial backing from the community, aiming to fortify the LUNC ecosystem.
What Role is Binance Playing in This Upgrade?
Binance has pledged comprehensive support for the Terra Luna Classic update. On February 25, 2025, at 14:00 UTC, deposit and withdrawal services on the exchange will be disabled, although trading capabilities will remain available. Once the network stabilizes, these services will resume.
What Changes Are Included in the v3.4.0 Update?
The v3.4.0 update features substantial technical advancements, including the removal of outdated fork modules and enhancements to software logic. Critical systems like Wasmvm and CometBFT will receive security patches to address vulnerabilities and improve stability.
The anticipated changes promise several advantages for the Terra Luna Classic network:
- Improved network stability and efficiency through technical upgrades.
- Enhanced security measures to protect against vulnerabilities.
- Positive market sentiment, potentially boosting LUNC prices following the update.
The Terra Luna Classic community is keenly observing this upgrade, with hopes for a more resilient ecosystem and favorable market conditions in the wake of Binance’s involvement.
