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Terra Luna Classic to Release Terra Upgrade v.2.5 on October 18th

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Terra Luna Classic is set to undergo an upgrade to version 2.5. This is scheduled to occur at block height 7316000 on October 18th at 12:04 pm UTC.

Event date: October 18, 2023 12:04 UTC

What is a hardfork?

The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.

In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.

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@terra_money
Proposal 4785 to upgrade Terra to v2.5 has passed. The chain is expected to temporarily halt to execute the upgrade at block height 7316000 (~ wednesday, october 18, 2023, 12:04 pm UTC)

Details on the upgrade: https://commonwealth.im/terra/discussion/13551-phoenix-software-upgrade-proposal-v25
LUNC Price Changes After Event Publication
1.12%
1 day
2.99%
2 days
91.06%
Now (Added 6 months ago)
The event is about to begin
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