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Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today?

The Joint Layer 1 Task Force has completed the Terra Classic v1.1.0 upgrade.

Asobs, a community influencer, disclosed this in a tweet today, later sharing a Discord message from Terra Grants Foundation Director Edward Kim, confirming the development. A tweet moments ago from The Vinh Nguyen, who appears to be a junior Joint Layer 1 Task Force member, further confirmed the development, describing it as a “7 hour chain upgrade experience.”

The upgrade was scheduled to kick off at a block height of 11,734,000, estimated to occur at about 22:00 UTC on Feb. 28, per a previous report citing a Binance blog post confirming support for the upgrade. Recall that the team had hinted at the near launch of v1.1.0 just over a week ago, disclosing that the first release candidate was operational.

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