The main Validator on Terra was unhappy with the turn of events. This leads to the termination of the Chain and hopes that all new blockchains will be created in place of the old ones that should be shut down permanently.
Jiyun Kim, CEO of blockchain solutions company DSRV, wrote:postCommenting on his own behalf It details how the Terra team discussed the idea of halting block production as the LUNA price dropped and the Terra USD (UST) slipping off the peg.
He has now called on the Terra Ecosystem Validators to reject the hard fork in favor of the newest community-powered blockchain.
DSRV is validator node On Terra, with 9.36% voting power, DSRV suffered as much as any other investor.
Kim wrote that the decision to halt the Chain on May 12 was not taken lightly in the Terra Validator League, which was renamed “Terra Rebirth League”. However, he said the Terra team failed to deliver the correct notification. Using the word ‘Confirm’ to assure all Validators that they should stop the Chain, which made him feel “betrayed”.
“The declaration they made [ทำให้ดูเหมือน] Restarting the chain is the opinion of the validators, and yes, they didn’t use the word “confirm”.
Terra founder Do Kwon proposed to create a new chain and reset the token supply to 1 billion LUNA on May 13. But Jiyun Kim seems to disagree with Kwon entirely. As he wrote in the post, bringing back the Terra chain “completely sets the chain’s internal value to 0.
“The previous Terra chain should be gone forever, and the new community-driven chain should be. [ถูกสร้างขึ้นเพื่อช่วย] Lunatics”
Wu Blockchain tweeted on May 14 that a Singapore resident has filed a lawsuit against Do Kwon for investors UST and LUNA.
Kim said on May 16 that he wanted to “help the community” but there is currently no primary coordinator in victim assistance support. “Because there are still legal issues there.”
“I’m not a hero. But I really want to save people.”
The post “The old Terra should disappear forever and create a new community-powered Chain,” says one of the main validators on Terra, appeared first on Bitcoin Addict.