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- The development team is targeting the implementation of the Cosmwasm v1.1.0 update (parity) in May.
- The v2.0.0 update for the mainnet network is planned for May 17.
On Saturday, the Joint L1 Task Force, a collective of Terra Classic (LUNC) developers, disclosed their Q2 strategy, which includes a timeline for forthcoming network upgrades, governance proposals, and additional details.
The development team is targeting the implementation of the Cosmwasm v1.1.0 update (parity) in May. This update will enable projects and developers on both the Cosmos and Terra Luna 2.0 chains to once again build on the Terra Classic chain.
This initiative will significantly enhance the community’s strategy for revitalizing LUNC and USTC. The consensus price target is set at $0.0005, with a long-term objective of reaching $1.
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Concerns regarding the future of Terra Classic have arisen within the community, particularly following the exit of two prominent developers, professor Edward Kim and Tobias “Zaradar” Anderson, from the Joint L1 Task Force development team.
Revised Q2 Strategy and Goals
In a Medium post published on April 29th, Joint L1 Task Force project manager LuncBurnArmy outlined the updated Q2 strategy and objectives.
The v2.0.0 update for the mainnet network is set for May 17 by the development team. To ensure the enhancement is completed on time, a proposal will be submitted for a vote on Agora. The development team also plans to update the Cosmos SDK and Tendermint on the Rebel-2 testnet, despite a limited number of validators committing to participate in the testnet.
In the second quarter, it will release Cosmos SDK 0.45.11, Tendermint 0.34.24, Cosmwasm 1.1.0 (Parity), IBC to Kujira, a Cross-chain Liquidity Assessment, and a Tendermint to Comet Basic Function Testing (BFT) Analysis.
If the development is completed on schedule and within budget, any surplus funds may be reinvested into the community pool at the end of the quarter.
