The Terra Luna Classic (LUNC) community is voting on a vital proposal to counter risks related to peer-to-peer attacks on the blockchain.
New #LUNC proposal by @Genuine__Labs
Proposal to decrease MaxBlockSize from 5mb to 2mb to avoid peer-to-peer spams pic.twitter.com/PhobbSb5Pr
— 🌕 LunaClassicLabs.com – 0% Fee LUNC Validator (@LunaClassicLabs) April 16, 2024
Terra developers observed possible dangers in Solana, Polkadot, and Cosmos ecosystems and advised measures to alleviate the effect of such spam on the LUNC chain.
Terra Luna Classic block reduction proposal
Core developer Genuine Labs introduced a vital proposal to slash the Terra Luna Classic block size to 2 MB from the current 5 MB. The team trusts reducing MaxBlockSize will help mitigate P2P attacks.
Jacob Gadikian of National Labs urged the community to support the proposal and recommended a second vote to slash the block size to below 1MB.
heartily recommend a vote of YES on this proposal, and recommend a second proposal to reduce block size to between 850kb and 1MB https://t.co/v4RwXCUDDU
— Jacob Gadikian 🐳⚛️⚗️ (@gadikian) April 16, 2024
The MaxBlockSize proposal has garnered over 99% YES votes from validators and community members.
All 17 participating validators voted in favor as they viewed the proposed solution as a viable option at the moment.
LUNC & USTC’s current price actions
The altcoins retained sideways tendencies as bears engulfed the overall crypto market. LUNC saw a slight rebound after yesterday’s 8% dip, currently hovering with a 1.49% 24-hour loss at $0.00009728.
USTC maintained similar tendencies, losing 1.54% in the past 24 hours to hover at $0.01644.
Moreover, data shows Terra Luna Classic’s total value locked (TVL) plunging, reflecting faded development activity.
USTC and LUNC will likely mimic broad market actions, and experts forecast market consolidation until the much-anticipated Bitcoin (BTC) halving.
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