In a significant advancement for the Terra Classic blockchain, the L1 Joint Task Force (L1JTF) team has upgraded its testnet to version 2.0.0. The recent development may increase the price of LUNC, as network developments imply the presence of an active team.
The project’s token has been steadily gaining traction in the crypto community, with its value increasing by over 508.48% from its all-time low on May 13, 2022.
L1JTF Upgrades Testnet To V2.0.0
The v2.0.0 upgrade of the L1JTF testnet with Cosmos SDK v0.45 is a critical milestone for the project, as it introduces several new features that enhance its functionality and security. The Terra Classic community was also supportive in driving the revitalization plan of the project.
Notably, this could also boost the transition of the Terra Classic mainnet upgrade to version 2.0.0. This information came from a part-time developer for the team, Till.
He revealed that only six validators, including StakeBin, Lunanauts, and Allnodes, joined forces to achieve the success of the upgrade. Some enthusiasts of the project, like reXx, expressed concerns about the number of validators involved in the development, noting that it should have been up to 30.
However, Professor Edward Kim reportedly supported the testing process. This is surprising, given that he left the L1JTF to follow up on his artificial intelligence chain project.
After successfully upgrading the testnet, the L1 team’s project manager, LuncBurnArmy, submitted a proposal for the Terra Classic core mainnet upgrade to version 2.0.0.
Based on the proposal, the upgrade implementation is scheduled for May 17. Notably, it will introduce a transition to the Cosmos SDK v0.45.13 and Tendermint v34.24 upgrades.
The news of the upgrade has been met with enthusiasm from the LUNC community, with some investors predicting that the project’s token will continue to rise in value.
The L1JTF Team Pushes For Terra Classic Blockchain Development
The L1JTF team comprises experienced developers, blockchain experts, and community members passionate about the Terra Classic network. Their primary task is to see that the ecosystem is robust, secure, and can support a wide range of decentralized applications.
The L1JTF team has been working tirelessly to improve the functionality and security of the network. This is evident from the success achieved in the Q1 of 2023. The team is now poised to take further steps to achieve more goals in Q2.
Furthermore, the recent upgrade to version 2.0.0 of the L1JTF testnet will significantly affect the Terra Classic (LUNC) network. Primarily, it will facilitate building decentralized applications on the LUNC blockchain. This will, in turn, aid the adoption and usage of the token over time.
-Featured image from Pixabay and chart from Tradingview