Do Kwon proposes hard fork blockchain to abandon collapsing stablecoin

Terra Luna founder Do Kwon’s proposal to hard fork the blockchain has garnered 65 percent of the vote in a move aimed at saving the crumbling Terra ecosystem. According to the approved proposal, the old blockchain is called Terra Classic, the token whose value has recently dropped to almost zero is called Luna Classic, and the code is LUNC; the new blockchain follows the existing name, Terra/Luna /LUNA, the stablecoin TerraUSD was abandoned.

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