LUNC News: Terra Luna Classic neighborhood has rejected a vital proposal on stopping validators from working a number of nodes on the chain. The proposal obtained some votes in favor from validators, however high validator Allnodes voted “No” citing “No enforceable rules should not be created on permissionless blockchains” as the rationale.
Terra Luna Classic Proposal Rejected
Proposal 12101 “Rules to prevent double & network validating” has did not go governance vote. The proposal aimed ar tackling the emergence of validators working a number of nodes on the chain, posing a threat to the decentralization and safety of the community.
The proposal obtained practically 38% “Yes” votes, together with 37% “No”, 21% “No with veto” and 4% “Abstain” votes. The proposal has not obtained assist from validators and delegators. Out of 45 validators who participated within the voting, solely 20 validators together with Interstellar Lounge, HappyCattyCrypto, TerrCVita, LBUN Project, and StakeBin voted in favor of the proposal.
As CoinGape reported earlier, this measure addresses issues about potential dangers to the community’s safety and decentralization. Validators at present working a number of nodes would wish to revert to a single-node operation. Non-custodial suppliers should implement these restrictions rigorously. The proposal seeks to decrease the probability of Sybil assaults, the place one entity controls a number of nodes, thus compromising the community’s integrity.
Also Read: Binance Burns 1.4 Billion Terra Luna Classic (LUNC) Tokens
LUNC Price Soars 5%
LUNC price jumped 5% in a day amid market-wide shopping for. The value is at present buying and selling at $0.0001096. The 24-hour excessive and low are $0.0001047 and $0.0001097, respectively. Moreover, buying and selling quantity has elevated barely within the final 24 hours.
Meanwhile, USTC price climbed 1% within the final 24 hours, with the worth at present buying and selling at $0.01981. The 24-hour high and low are $0.01941 and $0.01992, respectively.
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