{"id":80800,"date":"2023-06-27T10:17:51","date_gmt":"2023-06-27T07:17:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80800"},"modified":"2025-09-11T19:09:42","modified_gmt":"2025-09-11T16:09:42","slug":"group-of-programmers-proposes-revival-plan-for-terra-classic","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/group-of-programmers-proposes-revival-plan-for-terra-classic\/","title":{"rendered":"Group of programmers proposes revival plan for Terra Classic"},"content":{"rendered":"<p>A team of six engineers Terra Allies 6\/6 <a href=\"https:\/\/commonwealth.im\/terra-classic\/discussion\/11889-terra-allies-six-samurai-senior-engineering-team-l1-l2-q3-bid-proposal\">\u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u0438\u043b\u0430<\/a> \u043f\u043b\u0430\u043d \u0432\u043e\u0437\u0440\u043e\u0436\u0434\u0435\u043d\u0438\u044f \u044d\u043a\u043e\u0441\u0438\u0441\u0442\u0435\u043c\u044b Terra Classic.<\/p>\n<p>The original network, created by Terraform Labs. It continued to exist as an independent blockchain after <a href=\"https:\/\/u1f987.com\/en\/news\/terras-death-spiral-how-and-why-luna-and-ust-collapsed\">the collapse of the project<\/a> in May 2022 and <a href=\"https:\/\/u1f987.com\/en\/news\/developers-launch-terra-2-0-mainnet-phoenix-1\">the launch of Terra 2.0<\/a>. As of writing, the capitalisation of the Terra Luna Classic (LUNC) token stands at about $532 million (<a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>).<\/p>\n<p>A group of engineers calling themselves the \u201cSix Samurai,\u201d proposed to the community that they be allocated $116 000 for the third quarter of the year. For this sum, the programmers under the leadership of the \u201c<span data-descr=\"the main character in J.R.R. Tolkien's The Hobbit, or There and Back Again\" class=\"old_tooltip\">Bilbo Baggins<\/span>\u201d and the \u201c<span data-descr=\"the hero of the Metal Gear game series\" class=\"old_tooltip\">Solid Snake<\/span>\u201d are ready to continue work on the project. They describe themselves as industry veterans, holders of LUNC and members of the community, \u201ccommitted to revival and decentralisation of the blockchain.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLUNC has unlimited growth potential, and we want to help realise it, using our skills to benefit the blockchain and all its investors, achieve true success and the revival of the ecosystem,\u201d the proposal states.<\/p>\n<\/blockquote>\n<p>The roadmap presented by the group envisages a series of technical updates, such as shortening node synchronization times, launching a testnet for the <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a> USTC, and a solution for staking interoperability.<\/p>\n<p>The \u201cSix Samurai\u201d intend, should their proposal be approved by the community, to coordinate work with any other groups granted a mandate to revive elements of the project\\&#8217;s ecosystem. This includes the recently formed USTC team. It is implementing the stablecoin model proposed in April by community member RedlineDrifter.<\/p>\n<p>Earlier, co-founder and CEO Do Kwon of Terraform Labs was found guilty in Montenegro <a href=\"https:\/\/u1f987.com\/en\/news\/do-kwon-found-guilty-of-document-forgery\">of document forgery<\/a> while attempting to depart the country. He also faces prison terms <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-do-kwon-faces-prison-time-in-the-united-states-and-south-korea\">in South Korea and the United States<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A team of six Terra Allies engineers presented a revival plan for Terra Classic.<\/p>\n","protected":false},"author":1,"featured_media":80801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[852],"class_list":["post-80800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80800"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80800\/revisions"}],"predecessor-version":[{"id":80802,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80800\/revisions\/80802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80801"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}