The Terra Luna Classic (LUNC) community has unanimously approved a proposal to resolve a queue dispute issue that affected certain validators. The queue dispute problem was a significant issue that prevented specific accounts from making more transactions on the Terra Luna Classic Blockchain. The community had already approved a proposal to resolve the queue dispute problem, but validators and the main developer L1TF decided to turn it into an upgrade proposal. This will allow the Terra Luna Classic Blockchain to automatically halt, enabling validators and node operators to implement the changes.
Proposal 11890, the v2.3.2 update to resolve the queue dispute issue, received full support from participants in the Terra Luna Classic community. The proposal required community approval for the distribution of the terrad client’s v2.3.1 version within the chain. Due to requirements, the binary update version was changed to v2.3.2 (v6_1). The blockchain will halt with data on block 15751600 on December 8th at 16:19 TRT and the update will be applied on top of it.
The proposal received 100% support from the community and is the first proposal to be approved with a 100% vote in the past few months.
In the voting where a unanimous yes vote was given, 46 participants, including top validators such as Allnodes, Interstellar Lounge, Interstake One, StakeBin, and JESUSisLORD, participated.
While these developments are taking place in the blockchain, the price of LUNC has attracted the attention of the crypto world, increasing over 115% in the past month and 90% in the past week. This rally was triggered by a 400% rally for TerraClassicUSD (USTC) in the past month. Mint Cash news and the introduction of USTC futures trading by major crypto exchange Binance, as well as the listing of new USTC trading pairs, were among the triggers for the price increase of both altcoins. Another important trigger for the price increase was Binance’s burning of 4 billion LUNC tokens.
The price of LUNC has increased by 25% in the last 24 hours and is currently trading at $0.000140. The lowest and highest price levels in the last 24 hours were $0.000114 and $0.000144, respectively. Additionally, the altcoin’s trading volume has increased by 250% in the last 24 hours, indicating growing interest among investors.