A New Threat for Terra Classic (LUNC) Has Appeared!

Terra Classic’s (LUNC) advocates have expressed concern about the increasing number of validators offering zero commissions.

Validators Could Be the Next Big Threat to Terra Classic (LUNC)

The collapse of the Terra ecosystem, which cost a total of $60 billion in May of last year, revealed cracks in the foundations of the cryptocurrency industry.

This collapse triggered a year of financial disasters that have yet to subside. The Cosmos-based network that emerged from the collapsed Terra ecosystem has somehow managed to maintain and sustain itself in the broader crypto market, despite being riddled with numerous bugs and inefficiencies.

LUNC’s Biggest Problem

After the debate over the network’s burning mechanism and various management proposals, the network still faces another major hurdle.

Although there are a considerable number of validators currently on the network, the development among these validators is becoming a matter of increasing concern.

According to LUNC advocate Classy Crypto, which also has a validator node on the network, the most significant issue currently affecting Terra Classic (LUNC) is the recent increase in the number of validators offering zero commission staking services.

This ensures that 0 percent validators take power, thus causing smaller validators to go bankrupt. This leads to the conclusion that some segments can take up voting power in the network.

As a result, it is estimated that the healthy operation of the network may be prevented.

As of now, LUNC price is trading at $0.0001605 at the time of writing.

*Not investment advice.