Terra Luna Classic Dev Makes Key Changes To v2.1.1 Parity Upgrade, LUNC Price Jumps 15%

Terra Luna Classic core developer Joint L1 Task Force (L1TF) has made some significant changes to the v2.1.0 upgrade, changing the name to v2.1.1.

According to the GitHub release, L1TF developers Till Ziegler or “fragwuerdig” and The Vinh Nguyen have made 19 additions and 9 deletions to some files. This includes fixing missing labels in the wasm client and changing logs. Two major changes with the upgrade are wasmvm will be upgraded to v1.1.2 and the minimum 5% validator commission for all validators.

The v2.1.1 upgrade mainly contains features including minimum 5% commission for validators, Cosmwasm v1.1.x, and two security updates. Other changes include Wasmvm upgrade to v1.1.2, Wasmd upgrade to v0.30.0 for multichain capability for smart contacts, IBC go v4.3.1, and bug fixes.

Also Read: Terra Classic’s Biggest v2.1.0 Parity Upgrade Proposal Officially Passed, LUNC To $1

With Proposal 11561 “Upgrade to v2.1.0” officially passed by the Terra Luna Classic (LUNC) community, the Terra Classic blockchain’s biggest v2.1.1 parity upgrade will happen on June 14. The upgrade is scheduled at block height 13215800 at approximately 14:00 UTC, as per the StakeBin countdown timer.

Joint L1 Task Force project manager LuncBurnArmy announced that the team is all prepared for the v2.1.1 upgrade. The upgrade will bring Terra Classic to parity with other blockchains such as Terra 2.0 and other Cosmos chains. Thus, allowing projects and developers to once again build and bring dApps on the Terra Classic chain.

The parity is also essential for introducing Interchain Accounts (ICA) into Terra Classic (LUNC), as professor and core developer Edward Kim stated. ICA will bring AI app chain Block Entropy to the Terra Classic chain. Meanwhile, the community can obtain the Testnet tokens from the Block Entropy TestNet Faucet.

Also Read: Terra Luna Classic Developer L1TF All Set For v2.1.1 Parity Upgrade

LUNC Price Rally Ahead of Parity Upgrade

LUNC price jumped 15% in the last 24 hours, with price currently trading at $0.000096. The 24-hour low and high are $0.000086 and $0.000100, respectively. However, the LUNC price is likely to rebound after the Parity upgrade on June 14. Furthermore, the trading volume has also increased 120% in the last 24 hours, indicating an increase in interest.

Meanwhile, Terra Luna Classic (LUNC) staking has officially reached 1 trillion, a historic milestone ahead of the major Parity upgrade. Moreover, the total LUNC tokens burned by the community has surpassed 63 billion.

Also Read: Wall Street Bullish On Crypto & Stocks As US CPI Inflation Cools, Fed To “Skip”

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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