The Terra Luna Classic (LUNC) has passed the vital proposal to reduce the maximum block size.
Terra Luna Classic community approved a key block size proposal to protect against peer-to-peer storm attacks. LUNC & USTC prices surged, signaling trader interest. The market shows positive growth with a 10% increase in LUNC price and a 20% rise in USTC price.
— Dylan Dollars (@thedylandollars) April 21, 2024
The LUNC community has supported the decision to decrease the block size to 2MB from 5MB to remove the dangers of peer-to-peer storm outbreaks within the ecosystem.
Terra Classic developer Genuine Labs introduced the proposal after noticing possible risks in leading blockchain’s Cosmos (ATOM), Solana (SOL), and Polkadot (DOT).
Moreover, invezz revealed that National Labs CEO advised the communtiy to support the proposal and suggested another voting to maintain the block size at the 850KB -1MB range.
Terra Classic’s Maxblocksize proposal approved
The Terra Luna community voted in favor of the developers’ plan to reduce Maxblocksize to 2MB from 5MB as a security move to mitigate p2p spam.
The 99.87% supporting votes underscores the community’s participation in preventing attacks on Terra’s chain. Moreover, 55 of the 56 partaking validators voted YES for the proposal.
Source – Atomscan
LUNC’s team believes reducing the block size is the top option currently before Genuine Labs introduces a permanent way out.
LUNC and USTC flourish
The altcoins exhibited bullish prices on Sunday. LUNC gained 10% within the past day to hover at $0.0001106 at press time.
LUNC 1D Chart on Coinmarketcap
Also, the trading volume jumped over 100%, confirming increased enthusiasm among LUNC traders and investors. USTC gained 20% in the past day to trade at $0.02015.
Positive ecosystem developments and the ongoing broad-market recovery supported LUNC and USTC price surges over the last 24 hours.
The post Terra Luna Classic (LUNC) community officially approves block-reduction proposal appeared first on Invezz
Read the full article here
