Terra LUNA today was observed to have strengthened more than 7 percent in the last 24 hours. Even several well-known crypto exchanges are ready to support Terra 2.0 which is planned to launch on May 27, 2022, after the majority approved it today. Version test net was up and running a few days ago.
This evening’s LUNA price is trading at around US$0.0001733, up quite well more than 7 percent in the last 24 hours. Although circulating supplyhis more than 6.5 trillionit does not discourage traders and speculators from making profits.
Meanwhile, a new version of the Terra blockchain, Terra 2.0, is expected to be officially launched at the end of May 2022, according to Do Kwon’s proposed proposal votingit will end today, Wednesday (25/5/2022).
Another recent news is that a number of crypto exchanges expressed support for the new face of Terra without the UST. One of them is HitBTC.
“The new blockchain-based LUNA cryptocurrency will be available on HitBTC from 27 May 2022. The old blockchain will be renamed Terra Classic (LUNC),” mention HitBTC on Twitter, Wednesday (25/5/2022). HitBTC also embeds new Terra proposal pagewhich is currently in the process of being implemented and has been amended twice.
Regarding the presence of the new blockchain, there is a very real confusion. Previously Do Kwon said that the new blockchain was the result hard fork from the old blockchain that is currently still in use.
Later it was revised again in the proposal, that the blockchain was purely made from new alias starting from zero alias owned genesis block pure one. Hard fork basically it is copying code from an existing blockchain, placing changes in it before relaunching with a new face. In this case Terra is still using the COSMOS system.
When this article was written, voting will end today too. There are about 66.51 percent who agree with the creation of the new blockchain. While those who said not only 0.33 percent. in terms of validator (among them Binance Staking, Arrington XRP Capital, including Coinbase) 43 were not involved voting (partly due to not voting), 78 agreed, 17 abstained and 8 stated “no with veto“. System governance it is indeed based on Cosmos SDK.
With result vote while it was 301.31 million from 367.77 million (based on the number of LUNA for voting), can be interpreted the end result is that there will be a new blockchain like the proposal pushed by Do Kwon that.
“The creation of the new Terra blockchain without any stablecoin algorithmic. The old blockchain will be called Terra Classic (the crypto is called Luna Classic, symbolized LUNC). Meanwhile, the new blockchain is called Terra (the crypto is called Luna, with the symbol LUNA),” stated on the page voting it as the essence of the future continuation of Terra the final result voting this.
Other things, Luna crypto (new) will be distributed (airdrop) to all staker Luna Classic, Luna Classic holders, remaining UST holders, and a number of app developers at Terra Classic.
Allocation Amount Airdrop
Following allocation airdrop the: to handler before crash: 35 percent, after crash: 10 percent, handler aUST before crash: 10 percent, to handler UST after crash: 15 percent and for community pool: 30 percent (10 percent for Terra developers) controlled by staker. More detailed information can be read here.
Appearance of Terra 2.0 Version testnet
A few days before today’s voting ends, looks on Github it’s available open source Terra 2.0 version testnet. This is a trial version aka the initial version before entering the final version aka the version play net on 27 May 2022 later.
Monitored tonight at 19.00 WIB, last update version testnet happened 3 hours ago and has been running a few days ago, with one of the labels being “Pisco-1, Testnet for Terra 2.0”.
Specifically for the application of the GO programming language for Terra 2.0, you can read the details on this page. [ps]