Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

Terra’ team Decision to halt the network 2 times resulted in more negative impact

Terra' team Decision to halt the network 2 times resulted in more negative impact 22

The team behind Terra blockchain officially halted the network operations again to save itself from any governance attack. 

Terra blockchain Network is a governance token-based concept. The native token on the network gives authority to the holders to decide on the plan of development-related works. So it usually remains easy for bad actors to take over the governance of the network under limited tokens & very cheap price of asset.

On Thursday, 5:30 pm UTC, Terra officially stopped the block production at block height 7607789.

Earlier this, Terra officially halted the block production and after the patch release, to save the governance attack on the network, the network started after 1 and half hours.

So in the last 24 hours, the Terra network was halted officially two times to save the network to save it from any possible governance attack.

Decision impact

However the decision by the project team to halt the blockchain core network functionality, to save the network from any kind of attack, was appreciable but in reality, it further resulted in a very big impact. The majority of the crypto Investors found that they were not able to transfer funds from one wallet or exchange to another then they got into more panic, that further increased sale pressure.

Yesterday, Luna touched the price below the ICOs launch price. The current price of Luna is $0.00004071.

Terra' team Decision to halt the network 2 times resulted in more negative impact 21

These things are showing that huge numbers of power regarding blockchain networks remain in the hands of the project team, which means such networks are not decentralized in reality.

Read also: In practical trial Chinese Court has formed its own unified opinion on bitcoin

Terra’ team Decision to halt the network 2 times resulted in more negative impact






Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !




Ads by Cryptonews24

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat