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DOMAINS TOKEN-G

Ronald Maguire

26 May 2022 167 Read Crypto , Altcoins , Blockchain

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Terra 2.0 Blockchain Will Revitalize the Ecosystem

Terraform Labs co-founder Do Kwon's proposal to hard fork the Terra network and rebuild the ecosystem was accepted by the community. The new blockchain, which will be released on May 27, will not include the relaunch of the algorithmic stablecoin TerraUSD (UST).

Recovery Plan

Do Kwon's proposal was passed yesterday with 65% in favour, 13% against and 21% abstaining. Terra 2.0 will now be considered the official Terra chain. The old chain will be renamed Terra Classic and the old crypto will be renamed LUNC.

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