Skip to main content

Terra Validator publishes chat log about Luna 2.0

 


A Terra Validator released a chat recording between some of Terra's key figures, including founder Do Kwon, for transparency, with participants discussing the preparations for Luna 2.0. talked. The chat shows that there was a lot of chaos and uncertainty in the wake of Luna's collapse.


The chat log is from a Telegram group called “Terra Rebirth League (TRL)”. Around 200 stakeholders took part in the talks about the new Luna . The chat started on May 12, 2022 and then quickly turned into a jumble of different opinions and information.


Attendees included Do Kwon and Sunny Aggarwal from Osmosis, among others. Also, validators, developers, and other key stakeholders participated in the discussion.

According to a panelist named BigB, the TRL should become "a specialized, independently working task force that critically assesses all attack vectors and vulnerabilities."


However, the new task force was soon put to the test when the challenges of organizing so many individuals became apparent. One of the first problems was agreeing on at what point Terra should stop the blockchain. Not all validators stopped transactions at the exact same time.


At the beginning of the discussion, some chat participants suggested including regular community members as well. However, the panellists decided against it as the problems involved would outweigh the benefits. SyncNode's George Bunea argued that by including the ordinary community members, the situation could only become more unclear.


Bunea explained, "This [discussion] is for validators... And we already have a big mess right now."


Participant JoseCT also criticized the organisation: “I think these types of movements [sic] should be better organized and properly announced. In fact, following such chats on Telegram is not easy.”


A member by the name of Rohit wrote: "I've never seen so much confusion about something so important."


Even Do Kwon had trouble following all the conversations. At one point he said: "Can someone summarize the issue? I'm pretty confused."


The Luna 2.0 genesis block was created on May 28, 2022. There were numerous issues to overcome before then.


One of the group's concerns was whether they would collectively have enough voting power to direct and control Terra's future developments. In the course of the discussion, however, it turned out that the group has considerable support in the community and can therefore implement the plans.


Some panellists, such as Lido's Kai Tuirin, wanted to wait for more clarity before taking big steps.


"I think we should wait a bit more guys ," Tuirin said. ' There's no point in starting now. We still don't have a consensus on the wormhole side." Tuirin added: "If we start now, it will only create more confusion."


At the same time, many members of the Terra chat and also the management levels wanted the Luna 2.0. bring to market as soon as possible.

Ultimately, the Terra Rebirth League waited for two events to launch the first Genesis block of Luna 2.0. The first was the reactivation of the Wormhole Bridge, the second the approval of Do Kwon himself.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action that the reader takes based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
Clash Of Streamers - Earn Crypto while Playing all for Free! - Play smart! 
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more