After the collapse of the popular blockchain network Terra, developers have been trying to revive it; many reforms have already taken place to sustain the Terra Classic (LUNC and prevent further collapse). Terra Classic, the original blockchain, was forked to create Terra (LUNA).
Among these reforms is a recent integration with Interchain Station. The news boosted the Terra Classic (LUNC) price. According to Jared, lead developer at Terraform Labs, more integrations and reforms are coming to Terra soon.
The sudden crash of Terra LUNA sent a cascade effect across the crypto industry, leading several firms to bankruptcy. Many investors are yet to recover from the loss incurred from the Terra implosion.
There are still uncleared controversies surrounding the ecosystem’s sudden collapse. Some say Terra LUNA was a rug pull scheme by Do Kwon, founder of Terraform Labs, to launder and steal people’s money. Meanwhile, Do Kwon and his executives are still on the run from South Korean prosecutors.
More Integrations Coming To Terra Classic Network
In a Twitter announcement, Jared revealed that the Terra Network would partner with other blockchains, including SEI, Juno, Osmosis, Mars, Pisco, and many more. He said the integrations aim to protect the network in the right direction and allow seamless cross-chain communication between Terra and other blockchains.
Jared also told the Terra community to expect a rollout of more features while their main focus is to launch the wallet on mobile devices. The current station supports many mainnets including LUNC, LUNA, Osmosis, Juno, Kujira, Carbon, HuaHua, and Cresent.
Terra’s interchain station wallet would simplify the complex process of interacting with multiple blockchain networks. The wallet would allow users to stake, vote, send, receive tokens, and interact with decentralized applications (dApps) across supported chains.
LUNC price soared by 3% on January 10 when Jared first shared news of the interchain wallet feature via his Twitter handle. Jared referred to the development as a breakthrough in chain integrations.
This move comes after several attempts by the Terra Classic community to revive the sinking Terra Classic project. With the new station wallet, DeFi developers can now access oracle data from several chains through the interchain facility.
Why New Governance Implementation Is Important To LUNC Community
The Terra Classic blockchain saw a rough start in 2023 after being impacted by crypto…
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