• Terra Classic’s new update will bring in new features.
• LUNC was up by 2% in the last 24 hours, but market indicators remained bearish. 

Terra Classic [LUNC] is all set to push its latest network upgrade, named v2.2.1. While the blockchain got ready for the update, its native token turned bullish as well. 

How much are 1,10,100 LUNCs worth today?

Terra Classic approves proposal for v2.2.1

The blockchain recently approved its Proposal 11766, enabling the next upgrade. The proposal received unanimous support, with more than 99% votes in its favor.

The v2.2.0 core upgrade comes with multiple new features that add value to the Terra Classic blockchain. 

We are prepared for the #LUNC core v2.2.1 upgrade, scheduled to take place Tuesday morning. Terra Classic Station has passed all our operational tests and our team will be fully engaged to ensure seamless operations on our end after the core v2.2.1 upgrade. pic.twitter.com/nORHzZrpyJ

— Hexxagon (@hexxagon_io) September 11, 2023

As per the official announcement, the added features include an upgrade for Cosmos-SDK, migrating tendermint to CometBft, and upgrading IBC. It will also introduce a split burn tax in the distribution module.

The update will be pushed on 12 September at a block height of 14,514,000. 

Apart from the latest update, the blockchain also received a new proposal recently aimed at tacklin

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Author: Dipayan Mitra

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