- The Terra Luna Traditional neighborhood passes proposal 12033 with a majority voting for the proposal.
- The proposal launched by SolidVote LUNC Validator mandates Know Your Buyer (KYC) procedures for all L1 builders.
- With the proposal, the neighborhood assures the security and integrity of the blockchain.
In a landmark resolution, the LUNC neighborhood accredited Terra Luna Traditional’s proposal to mandate Know Your Buyer (KYC) procedures for all L1 builders. ‘Mr.Diamondhandz1’, a outstanding voice within the LUNC neighborhood, shared an X publish highlighting the essential improvement within the ecosystem.
Terra Luna Traditional Introduces Safety Measures
Beforehand, anyone might create a code for the chain anonymously, posing critical threats to the ecosystem. As an example, malware like a Trojan could possibly be simply inserted into the chain, compromising and infecting your complete community. With the accredited proposal, the neighborhood might be assured of blocking unauthorized entries into the chain.
The proposal talked about the goals of the brand new proposal:
This initiative goals to offer the neighborhood, buyers, and utility suppliers with confidence that we shouldn’t have fully nameless improvement groups engaged on the chain. It assures that authorized recourse can be obtainable if vital, with particulars accessible solely by the right authorized channels.
SolidVote LUNC Validator Proposal 12033
Six months in the past, SolidVote LUNC Validator launched a proposal requiring a obligatory KYC course of for anybody desiring to work on the chain. On February 1, when the proposal went reside, the SolidVote LUNC Validator introduced that they’d voted for the proposal, urging others to take part within the voting scheme.
Proposal Approval Regardless of Sturdy Disagreements
Regardless of the heated debate, the neighborhood lastly handed Proposal 12033, prioritizing the safety and integrity of the blockchain. In accordance with the information 24 hours in the past, the validators have been divided, with greater than 50% supporting and 48% opposing the proposal. Nonetheless, when the consequence was finalized, the proposal handed governance with a “huge voting turn-out of 90.5%.”
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