We are staying! Terra Classic — Our Statement



As most of you know there was a big fallback in the whole crypto industry with the Terra Blockchain failing and halting.


Current State

For some time, there will be no way for the chain to onboard new validators until the chain reaches a particular block height (most likely around 26th October), which made us contemplate our decision and look into Terra Classic again. As we tweeted before, we would have always liked to at least see the community be able to free itself before we leave, meaning to take governance back into their hands, being able to stake, add new validators, and restore the IBC connection. Because of this, we decided to help the community and vote for their proposals while further researching the Terra Rebels and their community effort.


Our Decision

All of this led us to the decision to stay as a validator in the Terra Classic network, hoping we can do our part to tackle centralization in the validator set. With the announcement of our decision, we are hoping that stakers of the bigger validators will stake with a smaller validator that has a low share of voting power, to decentralize the set — especially since there are no new validators allowed yet.

Verifying Terra Classic

As some of the previously used infrastructure and analysis tools are not functioning anymore, we have collected a selection of links for our stakers to keep verifying and governing the Luna Classic blockchain and to follow the community!



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