What's next for the Terra ecosystem?
What's next for the Terra ecosystem?
A group of DAPP developers in the Terra ecosystem, which calls itself "Terra Builder Alliance", has presented a rough design of a proposal to restart the project, "to honor existing VAT owners, loyal luna owners and developers". .
consider moving apps based on the Terra chain to other smart-contract blockchains that have been created with the same architecture.
The proposal of the Terra Builder Alliance, which has not yet been officially presented to governance, calls for the characteristics and distribution of a "new luna" before the depeging of VAT and the remaining VAT owners until the new network start. The normal governance system, which is based on on-chain votes, is Fuß of which are no voices, so it is unclear, so Community will achieve a consensus via a procedure.
is also not specified what role Terraform Labs and his founder do Kwon would play in this plan. A TFL spokesman did not immediately answer the request from Blockwork for comment.
The proposal is the work of four prominent DAPP developers on Terra-Nexus, Apollo, Astroport, Mars-but is missing on the Anchor list, where the vast majority of the economic value is saved in the network.
"As soon as the VAT was replaced at the start of the new network with Luna, it will no longer exist in its current form and will be restarted in a secure form after the creation," says the suggestion.
Apart from the introduction of a completely new network, the community could consider moving its work to another intelligent contract block chain - Juno - which was created with the Cosmos SDK and in which DAPPS are written Kosmwasm , just like Terra. The leaders of juno are lay the foundation for a community fund that would encourage the many Dapp developers from Terra, their goods too migrate.
Another Cosmos chain that could implement approval-free Cosmwasm dapps is Osmosis, which is primarily known as a home of the largest decentralized exchange in the Cosmos ecosystem. Co -founder Sunny Aggarwal brought the idea on Thursday to the game an informal Twitter survey indicate that its followers with an overwhelming majority are made away by the current, "Governance Gated" Dapp strategy of the chain.
At short notice, countless stories about heartache and loss in connection with this unprecedented and sudden collapse appear on social media platforms.
3 in the morning in Germany, almost a week has passed since the first depet $ . How did the time have passed so quickly?
I spoke to so many people in the room these days. We talked, we cried, we remembered great moments. Thanks to all
It is life, we will continue. In & outside of #Web3
- thanks to @danku_r) 13. May 2022
parishioners gather to share in various forums grief and to express anger and frustration.
The CEO of Terraform Labs, do Kwon, may also fear for his security, according to local Korean media after a stranger had ringed at the door of his house, whether he had ringed at home, be, and then fled.
The post What's next for the Terra ecosystem? is not a financial advice.