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Terra Classic Developer Successfully Completes v2.1.1 Parity Upgrade Joint L1 Task Force project manager  LuncBurnArmy  took to Twitter to reveal that the Terra Classic blockchain was successfully upgraded with v2.1.1 at block height 13215800. He praised validators and others who took part in the upgrade. advertisement The v2.1.1 upgrade has been completed! Thank you to all validators for such a smooth upgrade. Parity has arrived. Thank you @TheVinhNguyen4 @frag_dude, Xi, for your endless work on this on this upgrade! Also, thank you to all of the validators for a great upgrade! — 🔥LuncBurnArmy🔥 (@luncburnarmy) June 14, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must

Meanwhile, core developer Joint L1 Task Force (L1TF) awaits Google to update the Chrome extension as some CosmWasm components will not function and will impact dApps until Google applies their update. advertisement Also Read: Terra Classic’s Biggest v2.1.1 Parity Upgrade Proposal Officially Passed, LUNC To $1 Binance Announces Support for Terra Classic v2.1.1 Parity Upgrade According to an official announcement on June 14, Binance will support Terra Classic’s v2.1.1 upgrade. The Terra Classic network upgrade will happen at block height 13215800 , expected today at 14:00 UTC. The current data suggest the upgrade will happen before the expected time. Binance will suspend LUNC and USTC deposits and withdrawals through the Terra Classic (LUNC) network at 13:00 UTC. The trading activity will not get impacted during the network upgrade and users can continue to trade LUNC and USTC. Recommended Articles

Also Read: Terra Classic’s Biggest v2.1.0 Parity Upgrade Proposal Officially Passed, LUNC To $1 Joint L1 Task Force project manager  LuncBurnArmy took to Twitter to announce preparations for the upcoming Parity upgrade on June 14. Notably, the upgrade name is changed from v2.1.0 to v2.1.1 due to a few changes. With the upgrade, wasmvm will be upgraded to v1.1.2 and the 5% minimum validator commission will go into effect. Primarily, the upgrade will bring Terra Classic to parity with other blockchains such as Terra 2.0 and other Cosmos chains. Thus, allowing projects and developers to once again build and bring dApps on the Terra Classic chain. 3. Also on June 14th, all validators will be running at a minimum of 5% commission following the upgrade. Be sure to support all validators, as they are expensive to operate. Interesting stat: the top-30 validators have ~90% of the voting power for the entire blockchain. Recommended Articles

Terra Classic L1TF To Work With USTC Team Joint L1 Task Force project manager  LuncBurnArmy on May 23 submitted a proposal seeking authorization from the Terra Classic community to work on USTC repeg. Notably, LITF will work with the USTC repeg team after completing the CosmWasm v1.1.0 parity upgrade and implementing the 5% minimum commission for validators. advertisement L1TF proposes to use its Q2 budget to set up a USTC test environment. RedlineDrifter, who is leading the USTC repeg, earlier shared concerns of some crypto exchanges regarding proper infrastructure support. There are efforts to work with the L1 team and TGF to get a list of the CEX concerns and address them. According to the proposal, the team will identify capital controls that could have prevented the “death spiral” following the USTC depeg. In fact, the USTC repeg is part of core developer Edward Kim’s Terra Classic Revival Roadmap. The joint team will create a simulated repeg event and te