Wednesday, November 30, 2022
HomeCrypto NewsMarketTerra Classic (LUNC) Network Applies Cosmos Chain Security Patch In Record Time

Terra Classic (LUNC) Network Applies Cosmos Chain Security Patch In Record Time

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Terra Rebels And Validators Respond Swiftly To Cosmos Ecosystem Vulnerability.

In a tweet today via its official Twitter account, the Terra Rebels lauded the efforts of developers and validators in securing the Terra Classic chain.

The comments come as developers and validators acted swiftly to ensure the chain was protected from a Cosmos chain vulnerability. As per a post on the Cosmos Hub Forum, core members of the Cosmos and Osmosis teams carried out an audit of the Inter Blockchain Communication (IBC) protocol that allows Cosmos chains to communicate following the BNB chain hack.

Notably, a critical vulnerability was discovered, and a patch was released yesterday. In a tweet by core Terra Classic developer Edward Kim today, the developer disclosed that several validators brought the vulnerability to the Terra Rebels’ notice on October 10. 

Additionally, Kim reveals that the chain had achieved the minimum required security from the vulnerability in just 5 hours, as a third of the network’s voting power acted swiftly to apply the patch. And at the time of writing, this patch has been applied by over two-thirds of the voting power, the requirement for full chain security.

Unsurprisingly, community members, in response, also lauded the Rebels’ and validators’ efforts.

It bears mentioning that the Terra Rebels have shown a strong desire to protect the chain from further exploits following the ecosystem collapse in May. It can be seen in how reXx of the Terra Rebels, on October 10 alone, took to Twitter to warn the community of 2 exploits, firstly about scam proposals on Terra Station, and the second about a fake swap and burn platform requiring user seed phrases.

As reported by The Crypto Basic, at least $100 million was lost in the BNB chain exploit.

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Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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