The Terra Luna Classic ecosystem has unveiled a comprehensive security upgrade and has seen a noticeable increase in trading activity.
Strategic hardening is designed to harden the chain against security vulnerabilities and increase its resilience. The Terra Luna Classic community has welcomed this initiative, which is evident in the positive market response.
Data from CoinMarketCap indicates a notable increase in trading activity for Terra Classic’s native token, LUNC. LUNC’s 24-hour trading volume surged by about 6%. At the same time, Terra Classic’s market capitalization has experienced significant growth, with an increase of more than $60 million in the previous week. The value of the token also increased by 10% over the same period.
The original update went live on December 8 on the Terra Classic network. However, prominent core developer L1TF modified the original proposal and turned it into a comprehensive upgrade.
This revision allows validators and node operators to implement changes seamlessly, especially when chains are automatically halted. Adoption of v2.3.1 required community consensus for on-chain deployment.
Recent issues faced by the Terra Luna Classic network include the “out-of-order” issue, which has a detrimental effect on validators, restricting certain accounts from interacting with the chain. The community initially proposed a solution to this issue, but upon further deliberation, the validators and L1TF decided to increase the response to upgrade proposals with the goal of making more holistic improvements to network functionality.