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Terra Classic v1.1.0 Upgrade Completed by Joint Layer 1 Task Force

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On March 2, it was reported that the Joint Layer 1 Task Force had completed the Terra Classic v1.1.0 upgrade. The Vinh Nguyen, a member of the Joint Layer 1 Ta…

Terra Classic v1.1.0 Upgrade Completed by Joint Layer 1 Task Force

On March 2, it was reported that the Joint Layer 1 Task Force had completed the Terra Classic v1.1.0 upgrade. The Vinh Nguyen, a member of the Joint Layer 1 Task Force, confirmed this progress by tweeting that the upgrade took 7 hours. According to a previous report, the upgrade plan starts at the block height of 11734000, and is expected to occur at about 22:00 UTC on February 28. After that, Qian An issued an announcement to confirm its support for the upgrade.

Terra Classic v1.1.0 upgrade completed

Analysis based on this information:


The Joint Layer 1 Task Force has successfully completed the upgrade for Terra Classic v1.1.0, as reported on March 2. The upgrade, which was monitored by Vinh Nguyen, took 7 hours to complete. The upgrade plan started at the block height of 11734000 and was expected to occur on February 28, around 22:00 UTC. Qian An also showed support for the upgrade by issuing an announcement.

Terra Classic is a blockchain platform designed to address interoperability issues between various blockchains. The platform enables users to send and receive cryptocurrencies across different blockchain networks seamlessly. It also provides a secure and transparent platform for deploying decentralized applications (dApps).

The Joint Layer 1 Task Force is an organization that focuses on developing and upgrading the Terra Classic blockchain. The team consists of experts and professionals in the blockchain industry, who are committed to enhancing the functionality and efficiency of the platform.

The completion of the upgrade for Terra Classic v1.1.0 is a crucial step towards achieving the platform’s goals. The upgrade is expected to improve the platform’s overall performance and speed, making it easier for users to navigate and carry out transactions. It is also expected to enhance the platform’s security and fix any bugs that may have existed before.

Qian An’s announcement of support for the upgrade is essential for the platform’s users and investors. It shows that the management is committed to developing and upgrading the platform to meet the demands of its users continually. This announcement may also have a positive impact on user confidence, which could lead to increased investments.

In conclusion, the completion of the Terra Classic v1.1.0 upgrade by the Joint Layer 1 Task Force is a significant milestone for the platform. The upgrade is expected to enhance performance, speed, and security, which may attract more users and investors to the platform. Qian An’s support for the upgrade is also a positive sign for the future development of the platform.

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