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Terra Classic Community Passes Proposal To Bring Back Binance Burns

Proposal 11310 by Terra Classic core developer Edward Kim has unanimously passed the threshold. The proposal aims to upgrade the blockchain from v1.0.4 to v1.0.5 and introduces codes to make future upgrades possible.

The upgrade also enables the Terra Grants Foundation to make the required changes suggested by crypto exchange Binance to bring back the LUNC burn mechanism.

Terra Classic core developer Edward Kim submitted Proposal 11310 last week. As part of the proposal, the Joint L1 Task Force will perform a software upgrade on the Terra Classic blockchain to transition from v1.0.4 to v1.0.5. It will make transaction fees (gas and burn tax) estimation and future chain upgrade a lot easier and smoother.

Terra Classic Terra Classic $0.00
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