Terra (LUNA) Chain to Temporarily Halt Operations for Phoenix Software Upgrade

Terra (LUNA), a prominent blockchain platform, has announced an upcoming temporary halt to its chain. This scheduled downtime is necessary to facilitate a major upgrade known as Terra Core v2.4.0, as approved by the Terra community through the Phoenix Software Upgrade Proposal. With an overwhelming majority, 98.22% of the votes were in favor of the proposal, while only 1.78% opposed it. In a recent Tweet, Terra provided important details regarding the chain halt. The Terra chain will pause at block height 5994365, tentatively scheduled for July 18 at 1:00 p.m. UTC. The Phoenix software upgrade v2.4 incorporates changes implemented during the Pisco testnet chain upgrade.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android