• Terra Classic’s (LUNC) v2.1.0 Parity Upgrade Proposal has been passed with near unanimous approval from the community.
• The upgrade is expected to introduce several beneficial features including a minimum 5% commission for validators, CosmWasm v1.1.0, as well as two security updates among others.
• The upgrade is scheduled to take place on Wednesday, June 14 and nodes and validators are expected to install the v2.1.0 release in preparation for the upgrade.
Terra Classic’s Parity Upgrade Proposal Passes
Breaking news: The long awaited Parity Upgrade of the Terra Classic (LUNC) protocol has finally been passed with an overwhelming 99.99% support from the community members who voted in its favor. Proposal 11561 “Upgrade to v2.1.0” was announced on Twitter by LuncBurnArmy, manager of Joint L1 Task Force (L1TF).
Features of the Upgraded Protocol
The upgrade is expected to bring numerous advantageous features such as a minimum 5% commission for validators, CosmWasm v1.1.0 for smart contract development, WasmVM version 1