- Terra (LUNA) has suspended its blockchain operations because it addresses suspected exploits with an emergency patch.
- Latest Terra upgrades embrace improved burn tax allocation and enhanced Oracle Cut up logic.
- Terra’s swift response to safety issues highlights the corporate’s dedication to blockchain stability and governance.
Terra (LUNA) has quickly suspended operations on its blockchain to deploy an emergency patch, following latest upgrades aimed toward strengthening the safety and effectivity of the blockchain.
Terra introduced the pause at block top 11,430,400 through X, detailing its plans to work intently with community validators to implement vital safety enhancements. The safeguards are meant to mitigate potential dangers after a suspected assault was detected throughout the system.
Consideration Terra customers: Please bear in mind that the chain will quickly cease at block top 11430400 and no transactions will likely be processed throughout this time.
We’ll then work with Terra (phoenix-1) validators to use an emergency patch to repair the problem.
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Outfitted with LUNA
(@terra_money) July 31, 2024
Previous to this incident, Terra had launched efficiently…
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