Terra community opposes a hard fork of the blockchain
Terra co-founder Do Kwon wants to push the reset button for the blockchain with a hard fork. However, a veto against the rescue plan is emerging among the majority.
The “Revival Plan 2” envisions a hard fork of the blockchain.Advertise with us : AdvertiseAccording to the Revival Plan, the new network architecture will focus on DeFi applications and separate from the failed stablecoin UST.5,675 people have participated in the vote so far.With 92 percent voting against, a clear majority of the Terra community is emerging against Do Kwon’s plan.Picture by PixabayEverything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.The LUNA token is now worth only fractions of a cent.According to this, a new blockchain is to split off from the previous one.The Terra co-founder had put a rescue plan for the ecosystem to a vote on May 16.The vote is a non-binding test run.TheBitcoinNews.com – Bitcoin News source since June 2011 – Official governance voting does not begin until today, May 18.After the stablecoin UST lost its dollar peg last week, the Terra ecosystem collapsed.
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But approval seems unlikely.
Only eight percent voted for Do Kwon’s plan so far.
Do Kwon has not yet presented an alternative plan.
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