The Terra Luna Classic community is looking to increase gas fees by 10X on transactions within its network. This move's been thought to counteract spam attacks.
The Terra Luna Classic community is looking to increase gas fees by 10X on transactions within its network. This move's been thought to counteract spam attacks.
Unsplash
The current gas fee is 3.74 LUNC/transaction, which has been seen as too low, encouraging spam attacks on the network.
The current gas fee is 3.74 LUNC/transaction, which has been seen as too low, encouraging spam attacks on the network.
Unsplash
So, by increasing the gas fees, such attacks will become less economically viable, which would protect the network's integrity.
So, by increasing the gas fees, such attacks will become less economically viable, which would protect the network's integrity.
Unsplash
As of now, the proposal has received massive support within the community, with 76.56% votes in favor.
As of now, the proposal has received massive support within the community, with 76.56% votes in favor.
Unsplash
And, If implemented, the increased fees could affect dapps and other chain partners due to higher operational costs.
And, If implemented, the increased fees could affect dapps and other chain partners due to higher operational costs.
Unsplash
With these discussions going on, the LUNC price saw a 5% increase, reflecting a positive market response to the proposed changes.
With these discussions going on, the LUNC price saw a 5% increase, reflecting a positive market response to the proposed changes.