The Terra Luna Classic blockchain, a layer 1 platform, is preparing for a significant upgrade to version 3.0.1. The proposal, submitted by Genuine Labs, received unanimous approval from the community and validators, paving the way for a major overhaul of the network.
### Key Improvements in the V3.0.1 Upgrade
1. Cosmos SDK v0.47
- An important update to the software development kit, improving the overall performance and functionality of the network. It facilitates the creation and implementation of decentralized applications (dApps).
2. wasmd v0.45
- Enhances the execution of smart contracts, ensuring faster and more secure operations, thus increasing the reliability and efficiency of the network.
3. ibc-go v7
- Facilitates interaction between different blockchain networks, allowing for smoother and more efficient interoperability.
### Market Impact
1. Adoption and Growth
- The significant improvements could attract more developers and users to the platform, driving the adoption and growth of the Terra Luna Classic network.
2. Investor Confidence
- A more robust and functional network can increase investor confidence in LUNC, potentially raising its market value and trading volume.
Recent Data for LUNC Token
- Current Price: $0.00012
- Market Value: $800 million
- Trading Volume in the Last 24h: $50 million
Stay tuned to our networks for more updates and get ready to explore new possibilities with Terra Luna Classic.
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