Terra Classic price prediction: Terra tokens increase by 10% after acceptance of MaxBlockSize offer

Terra Classic, which has been signaling rise with acquisition pressure since last Friday, rose with the acceptance of the proposal to eliminate peer-to-peer risks on the chain. With the latest updates, LUNC, LUNA, and USTC tokens within the Terra ecosystem have reached a new milestone with an increase of over 10 percent in the last 24 years. The update that comes with the aforementioned proposal will play an important role on the network by closing security gaps against risks.

Details of the MaxBlockSize offer: Protection against spam attacks

Announcing important updates about Terra Classic, the MaxBlockSize offer, shared on the Crypto News Portal (@TerraNewsEN) account, offers protection against spam attacks on the network. The proposal was drafted by the core developer group and aims to reduce the block size on the network from 5 MB to 2.

There’s an important vote on Terra Station.

The proposal to reduce MaxBlockSize is being voted on by #LUNC validators. “YES” votes are leading in the proposal…

▪️> To prevent peer-to-peer spam, the Maximum Block Size will be reduced from 5 mb to 2 mb.

▪️> This situation; It… pic.twitter.com/hJPaFfdQo0

— Crypto News Portal (@TerraNewsEN) April 18, 2024

This offering, which will disable multiple types of contracts by preventing peer-to-peer spam, offers the best security importance until a permanent resolution process. The proposal was approved by the community with a 99% approval vote, which led to the rise of tokens in the Terra ecosystem by over 10%.

Rapid rise in the price of Terra LUNC, USTC and LUNA

The price of Terra Classic (LUNC), which has been on the rise as the market recovers from the 2024 Bitcoin halving, is trading at $0.00011, up 9% at the time of writing. The LUNC, which was trading at $0.00010 in the early trading hours, saw a 128% increase in trading volume.

However, according to the posts on the Crypto News Portal account, the payment of the $5 million fine between SEC and Do Kwon is also considered as a development that will affect the agenda. The community thinks that Do Kwon will pay the fine, which will reflect positively on Terra tokens

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