The Terra Classic community put to a vote two important proposals for the ecosystem: reducing the maximum block size and increasing gas fees by 10 times. Look at
etc price
Voting has not yet ended, etc chart but according to Validator info, it is clear that 99.88% of community members voted for proposals to reduce the maximum block size. Only 0.11% were against it. If finally approved, the block size will be reduced from 5 MB to 2 MB, etc crypto price which will significantly reduce the amount of peer-to-peer spam in the ecosystem and etc price chart.
The second proposal to increase gas fees by 10 times, on the contrary, caused a negative reaction from a significant part of the Terra Classic community. Look ftm price
“We are voting AGAINST the proposal to increase gas fees by 10 times to prevent future attacks, as this could harm the growth of our ecosystem, reduce support for dApps and increase costs for end users,” wrote the Terra account on the social network X, banned in Russia. ftm crypto price Despite such a strong reaction, the proposal to increase fees is likely to be approved. About 60% of community members have already voted for its implementation, only 27.77% have voted against it.
Amid the voting, the value of the LUNC cryptocurrency soared by more than 10%. The asset trading volume increased by 500%.
etc price
Voting has not yet ended, etc chart but according to Validator info, it is clear that 99.88% of community members voted for proposals to reduce the maximum block size. Only 0.11% were against it. If finally approved, the block size will be reduced from 5 MB to 2 MB, etc crypto price which will significantly reduce the amount of peer-to-peer spam in the ecosystem and etc price chart.
The second proposal to increase gas fees by 10 times, on the contrary, caused a negative reaction from a significant part of the Terra Classic community. Look ftm price
“We are voting AGAINST the proposal to increase gas fees by 10 times to prevent future attacks, as this could harm the growth of our ecosystem, reduce support for dApps and increase costs for end users,” wrote the Terra account on the social network X, banned in Russia. ftm crypto price Despite such a strong reaction, the proposal to increase fees is likely to be approved. About 60% of community members have already voted for its implementation, only 27.77% have voted against it.
Amid the voting, the value of the LUNC cryptocurrency soared by more than 10%. The asset trading volume increased by 500%.
