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HomeCrypto NewsMarketJoint L1 Task Force Hints Near Launch of Terra Classic V1.1.0

Joint L1 Task Force Hints Near Launch of Terra Classic V1.1.0


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It comes one week after it rolled out v.1.0.5.

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Tobias Andersen, AKA Zaradar, has hinted that the Joint Layer 1 Task Force would be ready to roll out the Terra Classic v1.1.0 upgrade soon.

In a tweet today, the developer disclosed that the first release candidate for Terra Classic v1.1.0 is working, asserting that the upgrade should be ready to ship soon.

Notably, the Layer 1-focused development group does not appear to be resting on its oars. It successfully rolled out v1.0.5 a week ago, fixing issues in implementing previous chain upgrades.

As reported, the team, entitled to a total funding of over $141,000 on the completion of set milestones, is ahead of schedule for its Q1 goals. As highlighted in the report, there are plans to add more items by the end of the quarter.

Presently, it appears undisturbed by disputes between the two full-time developers, Zaradar and Notional Labs founder Jacob Gadikian. Confirmed features for Terra Classic v1.1.0 include security updates and a patch provided by Gadikian.

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In addition, it will likely include three optional features recently introduced by Edward Kim in three signal proposals. Two of these proposals are geared toward meeting Binance’s demands to resume its voluntary burns of  Terra Luna Classic (LUNC) trading fees. Binance demands that the Terra Classic community create a separate burn wallet excluded from token re-mints and exempt its wallets from the on-chain tax for internal transfers.

As explained by Kim, there will still be a final vote, but the result of the signal proposal vote will inform developers on whether they should consider the features for v1.1.0. As reported, the proposals recently received an endorsement from TerraCVita, an independent Terra Classic development group.

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Okoya David
Okoya David
Okoya David Kio is a crypto enthusiast passionate about understanding what makes the nascent market tick. When he's not pondering about cryptocurrencies, you might find him in a BP debate room trying to proffer solutions to age-old societal problems.

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