- LUNA prepares for a major upgrade at block height 7316000, integrating Cosmos SDK 47.
- LUNA maintains strong support above $0.4079 despite a brief retracement.
- Despite a drop in market cap, LUNA’s increased trading volume reflects continued investor optimism.
In a recent announcement, Terra (LUNA) developers unveiled the approval of Recommendation 4785. Consequently, the much-anticipated update to Terra v2.5 has secured the green light from the vibrant community.
Additionally, this transformative phase is slated to transpire at block height 7316000 on Wednesday, October 18, 2023, at 15:04 UTC. However, there will be a brief pause in the chain’s operations to facilitate the seamless transition to the upgrade.
New Terra $LUNA event!18 Oct 2023
Upgrade to V2.5
Source: https://t.co/hJcciAxYU3 pic.twitter.com/b4fgYnvKGw
— CoinMarketCal Bot (@cmcal_bot) October 17, 2023
Moreover, this update is more than routine since it paves the way for integrating Cosmos SDK 47. This integration not only supports ABCI 1.0 but also bestows official recognition upon the CosmWasm module. Besides, the Protocol-Owned Builder (POB) module, an ingenious creation by Skip Pro…
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