**Binance’s Support for Terra Luna Classic’s v3.4.0 Upgrade Inspires Optimism, Hinting at Future Price Growth Amid Market Challenges**
The Terra Luna Classic (LUNC) community is buzzing with excitement as Binance announces its support for the network’s latest upgrade, v3.4.0. This development has sparked speculation about a potential price surge for LUNC, even as the broader crypto market faces challenges. Binance’s endorsement, along with significant updates to the network, has raised hopes for LUNC’s future growth and stability.
In a pivotal move for the Terra Luna Classic network, Binance has confirmed its backing for the v3.4.0 upgrade, scheduled for February 25, 2025. During this time, the exchange will temporarily pause deposits and withdrawals on the Terra Classic network starting at 14:00 UTC, with the upgrade taking place at block height 22,176,864, set for 15:00 UTC. While network transactions will be on hold, Binance has assured users that trading for LUNC and related tokens will remain unaffected. Once the upgrade is complete and the network stabilizes, deposits and withdrawals will resume, showcasing Binance’s commitment to the future of Terra Luna Classic. This support from one of the largest crypto exchanges globally is a strong signal of confidence in LUNC’s long-term potential.
**Key Features of the Terra Luna Classic Upgrade**
The v3.4.0 update for Terra Luna Classic brings several enhancements aimed at boosting security and network efficiency. One of the notable changes is the removal of outdated fork modules, transitioning the system to a more streamlined and updated codebase. The update also addresses vulnerabilities with patches for Wasmvm v1.5.8 and CometBFT v0.37.15, along with additional security measures like CWA-2025-001, CWA-2025-002, and ASA-2025-001. These improvements enhance the network’s resilience and provide better protection for users.
Another exciting feature is the Multisend Tax Handling Fix, which resolves issues related to reverse charge implementation and optimizes the efficiency of multi-send transactions across the network. To support these advancements, validators will need to upgrade their Go installation to version 1.22.12.
**LUNC Community Votes for Additional Software Upgrade**
In addition to Binance’s support, the Terra Luna Classic community has recently shown strong backing for another upgrade, the “Msg Software Upgrade v2.15.0.” This update, which focuses on bug fixes, aims to enhance the blockchain’s stability. The community’s approval of this upgrade reflects robust support, further boosting investor confidence in LUNC’s development. With Binance’s backing aligning with the LUNC community’s dedication to improving the network, these combined efforts are likely to create positive momentum for LUNC in the near future. However, it’s worth noting that LUNC’s price has recently experienced a 6% decline, reminding us that the crypto market can be unpredictable.
