The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
Saturday, June 10, 2023
  • Login
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
Subscribe
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
No Result
View All Result
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
ADVERTISEMENT
Home Cryptocurrency

Terra Ecosystem Revival Plan 2: Team Clears The Air

by Shabnam Dhar
May 24, 2022
in Cryptocurrency, News Story
132
0
Terra Ecosystem Revival Plan 2: Team Clears The Air
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

RelatedPosts

Altcoins: Is Binance Coin (BNB) in danger from SEC attack?

On the issue of Bitcoin (BTC) supply

Bali wants to crack down on crypto-payments

Following its current collapse, the Terra ecosystem has been engaged in a restoration technique and on Monday the Terra staff gave proof to make clear the modified Terra Ecosystem Revival Plan 2.

Terra printed a modification to the proposed final week that included three vital changes in response to group feedback. The three modifications had been to extend genesis liquidity, introduce a brand new liquidity profile, and cut back the allocation for post-attack UST holders.

1/ Just lately, just a few group members (together with some from TFL) have referred to the proposed new blockchain in Prop 1623 as a “fork” versus a genesis chain.

Be aware: The revival plan shouldn’t be proposing a “fork” of the present chain, however reasonably the creation of a brand new one 🧵.

— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 23, 2022

The rejuvenation proposal, opposite to frequent assumptions, doesn’t suggest a fork of the current chain, but reasonably a brand new one, in response to the researchers. The Terra staff clarified in a tweet thread,

“Just lately, just a few group members (together with some from Terraform Labs) have referred to the proposed new blockchain in Prop 1623 as a “fork” versus a genesis chain. The revival plan shouldn’t be proposing a “fork” of the present chain, however reasonably the creation of a brand new one.”

The important distinction right here is {that a} branched blockchain shares the unique chain’s total historical past. This isn’t included in the Terra 2.0 plan. In line with the brand new idea, a completely new blockchain Terra can be shaped from genesis block 0 that won’t share a historical past with Terra Traditional.

The current Terra ecosystem disaster will go down in the historical past as one of the most crucial important crypto market crashes. Inside every week, the meltdown wiped away about $40 billion, rattling the crypto market.

Charles Hoskinson Takes a Dig

Whereas responding to a consumer’s tweet, Charles Hoskinson, the founding father of the Cardano blockchain, trolled Do Kwon’s terra revival proposal by tweeting “Terra 2: Wrath of Kwon.”

https://twitter.com/IOHK_Charles/status/1528553615261982720

The consumer to which Hoskinson reacted had tweeted, “It appears like Terra 2 ship months earlier than ETH 2. To assume, since ETH proof of stake was introduced, a high 10 coin can be born, die, and reborn.”

Tags: Crypto newsDo KwonLUNATerra

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Altcoins: Is Binance Coin (BNB) in danger from SEC attack?
Cryptocurrency

Altcoins: Is Binance Coin (BNB) in danger from SEC attack?

June 9, 2023
1.9k
On the issue of Bitcoin (BTC) supply
News Story

On the issue of Bitcoin (BTC) supply

June 8, 2023
1.9k
Bali wants to crack down on crypto-payments
News Story

Bali wants to crack down on crypto-payments

June 7, 2023
1.9k
Binance under dark clouds
News Story

Binance under dark clouds

June 7, 2023
1.9k
Mercado Bitcoin authorized as a payment institution in Brazil
News Story

Mercado Bitcoin authorized as a payment institution in Brazil

June 7, 2023
1.9k
Coinbase stock takes a 20% slap following SEC complaint
News Story

Coinbase stock takes a 20% slap following SEC complaint

June 7, 2023
1.9k
Load More
  • Trending
  • Comments
  • Latest
-The Blockchain Cafe

Write for us – guest post

April 14, 2022
Important Update On The Celsius Network

Important Update On The Celsius Network

June 14, 2022
TCS-The Blockchain Cafe

TCS roll-outs Quartz DevKit to help businesses build blockchain applications 40% faster

December 4, 2021
Quorums and Quorum Slices -The Blockchain Cafe

What Are Quorums and Quorum Slices?

December 4, 2021
OneCoin: the $4 billion Ponzi back in court

OneCoin: the $4 billion Ponzi back in court

0
The Blockchain Cafe

10 Things A Crypto Beginner Should Know

0
Binance Launches Training Program for Government Agencies

Binance Launches Training Program for Government Agencies

0
NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

0
Altcoins: Is Binance Coin (BNB) in danger from SEC attack?

Altcoins: Is Binance Coin (BNB) in danger from SEC attack?

June 9, 2023
On the issue of Bitcoin (BTC) supply

On the issue of Bitcoin (BTC) supply

June 8, 2023
Bali wants to crack down on crypto-payments

Bali wants to crack down on crypto-payments

June 7, 2023
Binance under dark clouds

Binance under dark clouds

June 7, 2023
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Navigate Site

  • News Story
  • Blockchain
  • Cryptocurrency
  • NFT
  • Metaverse
  • DAO
  • Listicle

Follow Us

No Result
View All Result
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version
x
x