Terra (LUNA) validators shut down the network 2023
Terra (LUNA) validators shut down the network
Incredible Spectacle. Former CoinMarketCap Top 10 member.
Even the remnants of the faithful who might have been trying to buy a coin for 30 cents (if it was still being sold somewhere, of course) in hopes of getting a few X’s would have lost their money
The Terra (LUNA) project team reported that the validators decided to stop the blockchain at block number 7603700. The move was explained by the need to protect the network from potential attacks.
“Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.”
According to the team, the blockchain will soon be updated and restarted.