Terra Luna Classic Terra Station Will Lose Support! / Lunc Coin Last Minute / Crypto Analysis
1 year ago
Terra Classic
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Recent developments indicate that the Terra Classic network is poised to lose support for Terra Station and will need to make some quick, costly and irritating adjustments.
Terraform Labs' transition from Terra Station wallet to Interchain Station could effectively end support for the Terra Classic network by December 15, as announced by community influencer Classy in a tweet today and confirmed by a TFL staff member.
In particular, a Discord message from Terra Rebels manager ClanMudhorn shared by Classy explains why. As explained by ClanMudhorn, TFL says Terra Classic will be supported on the new Interchain Station, Terra Classic needs to change the wallet prefix it shares with LUNAv2.0 by December 15.
However, as explained by the Terra Rebels Administrator, this is a task that, to their knowledge, has never been undertaken before, and the developers estimate it will take at least six months. As a result, it may force the Terra Classic network to disconnect from the Station.
TFL is in the process of replacing Terra Station with the new cross-chain station wallet. @TerraRebels came up with a spending recommendation.
However, according to the proposal, it is expected to take two months and cost $150,000. Also, Terra Rebels says there will be more spending offers on the Rebel Station.
While it may be inconvenient for some and Terra Classic will knock it up a notch in the community repository, Rebel Station still provides Terra Station with a familiar user interface, as highlighted by Jared. Additionally, as previously reported, it is very easy for users to migrate their wallets to Rebel Station using mnemonic phrases or by importing their private keys.
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