genuinelabs

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This change is expected to make transactions smoother for developers and users, potentially attracting more activity to the Terra Luna Classic network.
The #TerraLunaClassic ($LUNC
) community has given the green light to a pivotal upgrade that could influence the token’s future trajectory. The Tax2Gas proposal, developed by #GenuineLabs , has been approved with more than 65% of the votes from validators and delegators. This upgrade aims to streamline the tax handling process by integrating it directly into transaction gas fees, which could significantly improve efficiency and reduce manual calculations.
Previously, managing tax obligations involved cumbersome manual processes, leading to potential errors and inefficiencies. The Tax2Gas upgrade seeks to address these issues by automating tax calculations. This change is expected to make #transactions smoother for developers and users, potentially attracting more activity to the Terra Luna Classic network.
The new module will handle gas prices for 22 different denominations and ensure that fees are only charged for successful transactions. The next steps include rigorous testing to confirm the module’s effectiveness and stability.
The approval of the Tax2Gas proposal highlights the Terra Luna Classic community’s commitment to enhancing the blockchain’s functionality and potential. As the upgrade moves forward, it will be crucial to monitor its impact on LUNC’s performance and whether it can stimulate growth.
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