Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Luna is the reserve currency of the Terra platform. It has three core functions: i) mine Terra transactions through staking, ii) ensure the price stability of Terra stablecoins and iii) provide incentives for the platform’s blockchain validators.
At the time of going to press, approximately 31.2% of the votes have been cast and so far the proposal to bifurcate the network a network refers to all nodes in the operation of a blockchain at any given moment in time. of Earth. Voting closes on May 25 and at the time of publication no important participants with great voting power have spoken.
One of the most important votes in the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. ecosystem is taking place at the moment, as the community of Earth is yet to be defined if the network will fork giving way to a new version where certain problems can be corrected, or if on the contrary it will follow its path as it came and token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. burning destroying a certain number of digital coins to reduce their issue. This method is used to fight inflation and increase the value of cryptocurrency. All token burning transactions are recorded in the blockchain as a transaction. Therefore, anyone can verify that the coins were destroyed. solutions will have to be implemented to solve to some extent what happened with LUNA y UST.
Bifurcation of Earth has 86% support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below.
A partial survey carried out a few minutes ago reveals that, the proposal to bifurcate the network of the Earth has 86% support, while 11.4% of the votes oppose this measure.
This is revealed by data published by the site Terra.stake.id which indicate that there is a total of 101,944,626 LUNA available to support the proposal submitted by Do Kwon, in which the network will be bifurcated, leaving a new version for Terra without a new version for Terra. UST, al tiempo que la previa continuará funcionando pero ahora pasará a llamarse Terra Classic .
Let’s take into account an account is essentially a whose purpose is to track the financial activities of a specific asset/ that the current poll is based on 31.2% of the tokens on the ballot, i.e. around 117.685.801 LUNA used at the time of editing. Let’s take into account that the network has a total of more than 6,500,000 million LUNA The current elections are currently in circulation, so there is still a large number of votes to be cast before we can think of an irreversible trend in favor of one or the other proposal.
It is worth noting that the remaining 11.4% do not agree with the possible bifurcation of the network. Earth, so they voted against it and hope that the solution contemplates burning mechanisms to achieve rescue in some measure to UST y a LUNA.
Let’s take into account that a partial poll conducted yesterday tipped the scales against the forking of the network with more than 90% disapproval. However, analysts and enthusiasts point out that since it is a partial measure assessed through the official forum of Earth, the results could have been inflated by bots automated software that can carry out tasks such as cryptocurrency trades. and/or detractors with no real voting power for the process that is taking place today.
There is still time
At the moment, the voting is far from over as the process will end next Wednesday, May 25. Given that there is still a lot of capital capital is most commonly defined as the large sum of money you would use to invest. to be used for this purpose, it is still too early for one or the other option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. to claim victory.
- Mike Novogratz speaks out in the wake of Terra and notes that Galaxy Capital also posted significant losses
- South Korean Law Firm to Sue Terra Founder Do Kwon
- Do Kwon announces final vote to bifurcate Terra, even as 92% of community rejected plan in preliminary poll
Version by Angel Di Matteo / DiarioBitcoin
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