The latest upgrade to the Terra Classic blockchain includes mandatory security updates and a minimum initial deposit for governance proposals. The successful implementation of the v2.0.1 upgrade by the Joint L1 Task Force has resulted in a positive reaction from traders, driving the LUNC price up by 3%. The next major upgrade, the Cosmwasm v1.1.0 upgrade (parity), is scheduled for May 31 and will enable projects and builders on Cosmos and Terra Luna 2.0 to resume development on the Terra Classic chain. The Terra Classic community is also discussing increasing the burn tax to 1.2% and launching a testnet for the AI upgrade called Block Entropy.
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