The Terra Classic developers have announced that they are delaying the release of v2.1.0. The original release date of May 31 has been moved to June 14 to allow for more testing.
The v2.1.0 upgrade is a major upgrade to the Terra Classic blockchain. It will improve the Cosmwasm framework to v1.1.0, a critical update since the ecosystem disruption. This upgrade will make connections to LUNC, Cosmos, and Luna 2.0 networks seamless.
The L1JTF team has been working hard on the v2.1.0 upgrade. They have made significant progress, with the unit upgrade on the Bajor-1 testnet now complete and smart contracts implemented on v2.1.0. Cosmwasm 1.1.0 was also installed during this testnet update.
The L1JTF team plans to update another testnet called Rebel-2 on May 31 at 15:00 (UTC). After completing the Rebel-2 testnet upgrade, the task group plans to submit a recommendation to Agora between June 1 and 2.
The team also plans to ensure that validators on the LUNC network get a minimum commission rate of 5%. The commission rate for validators on Terra Classic is currently flexible. However, some validators set their rates excessively low to attract delegators, which might weaken the network’s security.
The team plans to set a minimum validator commission rate to provide a level playing field and a secure network. Taking advantage of the extensive testing period, LBA emphasized the team’s plan to implement a 5% minimum commission rate in the v2.1.0 upgrade.
The future v2.1.0 upgrade is scheduled to be live exactly four weeks following the v2.0.1 release if everything goes according to plan.
The Terra Classic developers have said that they are committed to making Terra Classic a secure and reliable blockchain. The v2.1.0 upgrade is a major step in that direction. The team is confident that the upgrade will be successful once it is released.