The Luna Classic (LUNC) community is buzzing with excitement following two major announcements from OrbitLabs. These proposals, aimed at refining the Terra Classic blockchain and introducing a new tax handling system, could have a significant impact on the future of Luna Classic. As the ecosystem continues to evolve, these changes aim to reduce costs, streamline processes, and improve the overall user experience for LUNC holders.
First Proposal: Removing Forked Modules for a Leaner Codebase
OrbitLabs’ first announcement revolves around an ambitious proposal to remove forked modules from Luna Classic’s codebase. Luna Classic currently uses modified versions of Cosmos modules to accommodate its unique needs. However, these forks have caused the codebase to diverge from the standard modules, resulting in higher maintenance costs and added complexity over time.
By integrating the standard upstream Cosmos modules and porting Luna Classic’s specific changes directly to the core Terrad module, the development team hopes to bring Luna Classic back in line with the main Cosmos framework. This would allow Luna Classic to inherit upstream updates and security improvements, while also making the codebase easier to manage in the long run.
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Why This Matters for Luna Classic
The removal of forked modules is more than just a technical update—it represents a key step toward making Luna Classic more sustainable. As the community works to ensure the blockchain’s long-term viability, reducing the complexity of its codebase will not only cut down on maintenance costs but also ensure that Luna Classic benefits from the latest security features and enhancements from the broader Cosmos ecosystem.
Moreover, simplifying the codebase will help Luna Classic developers focus on innovation rather than maintaining divergent forks. This move could unlock more opportunities for new features and partnerships, strengthening Luna Classic’s position in the competitive blockchain space.
Second Proposal: “Reverse Charge” Tax Handling on Terra Classic
The second major announcement from OrbitLabs introduces the concept of “Reverse Charge” tax handling—a proposed new tax system that could streamline transactions on Terra Classic. Unlike traditional tax systems, where the sender of funds is responsible for paying transaction taxes, the Reverse Charge system would shift this burden to the recipient. This could simplify the transaction process, making it more user-friendly and efficient for Luna Classic users.
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The Benefits of Reverse Charge for Luna Classic
If implemented, the Reverse Charge system could have a profound effect on Terra Classic’s usability. By removing the need for senders to calculate and pay taxes, it could make the blockchain more attractive to businesses and individuals looking for smoother, more predictable transaction flows. Additionally, the simplified tax structure could encourage greater adoption of Luna Classic for everyday use cases, from remittances to online payments.
OrbitLabs has already opened a discussion on HackMD to gather feedback from the community about the proposal, demonstrating their commitment to ensuring that any changes align with the needs and goals of Luna Classic users. Should the proposal move forward, OrbitLabs plans to conduct a thorough code review to ensure that the system is both secure and efficient, maintaining the high standards the community expects.
What’s Next for Luna Classic?
With these two proposals on the horizon, Luna Classic is set for a period of transformation. The integration of standard upstream modules will bring the blockchain up to speed with the latest innovations in the Cosmos ecosystem, while the Reverse Charge tax system could enhance the user experience and encourage wider adoption of LUNC.
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For Luna Classic holders, these developments represent a promising step forward. As the blockchain evolves, the community’s input and support will be crucial to ensure that these changes are implemented successfully. OrbitLabs has made it clear that they value community feedback, and they are inviting LUNC holders to participate in the discussions surrounding both proposals.
Conclusion
Luna Classic is at a critical juncture in its journey. The removal of forked modules and the introduction of a Reverse Charge tax system could streamline the blockchain, making it more efficient and cost-effective to maintain. These innovations, spearheaded by OrbitLabs, have the potential to strengthen the foundation of Luna Classic, positioning it for future growth and adoption.
As these proposals move forward, the Luna Classic community will play an essential role in shaping the future of the blockchain. By staying engaged and providing feedback, LUNC holders can help ensure that the platform continues to evolve in a way that benefits all users. The future looks bright for Luna Classic, with OrbitLabs leading the charge toward a more streamlined and user-friendly ecosystem.