RexYellerBelly, a member of Terra Classic developer group TerraCVita, hinted in a tweet yesterday that a decentralized exchange (DEX) will soon be developed on the LUNC network.
Terra Classic Community Wants Network Decentralized Exchange, Work Signal From Developers!
A member of TerraCVita said in his message:
“Thank you all for your responses, some great ideas, it looks like a DEX will be quite popular. Let’s activate the IBCs and see where the LUNC goes.”
Explanation, cryptocurrency It came after he asked his community to recommend decentralized applications (DApps) they would like to see on this chain. Judging by the comments, the idea of DEX seems to be overwhelmingly popular.
As highlighted by RexYellerBelly, the Terra Classic chain is on the verge of reopening its Inter-Blockchain Communications (IBC) channels.
As a result, the chain will once again be able to communicate with other sovereign blockchains in the Cosmos ecosystem and transfer tokens. However, the process must first go through a community vote.
Popular Cosmos developer Jacob Gadikian has announced that the code is ready to reopen Terra Classic IBC channels. After the developers complete the tests and the community approves, the validators will distribute the code that reopens the IBC channels.
It should be noted that the reactivation of IBC is an important step towards re-benefiting the chain and one of the key milestones in achieving technological parity with Terra 2.0.
As a result, there can be a significant increase in on-chain volume, allowing for more incineration due to on-chain tax burning.
*Not investment advice.
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