Livenodes(LNO)

Ubisoft, a leading video game creator and publisher, is expanding its exploration of blockchain technology with a new partnership. Joining the Cronos blockchain ecosystem as a node validator, Ubisoft adds its experience and expertise to this expanding digital network. Ubisoft is set to join 27 other node operators contributing to the Cronos open-source blockchain. These node validators play a vital role in ensuring the stability and security of the network. As a validator, Ubisoft will participate in blockchain governance and network update approvals. The decision to join the Cronos ecosystem aligns with Ubisoft's ongoing exploration of blockchain technology, spearheaded by its Strategic Innovation Lab. The inclusion of Ubisoft in the ecosystem aligns with Cronos' strategy of collaboration with technical contributors, which include Crypto.com, Blockdaemon, Dora Factory, and Allnodes, among others. An Extension of Ubisoft-Cronos Relationship The partnership is a progression of the existing relationship between Ubisoft and Cronos. Ubisoft previously participated as a start-up mentor in the Cronos Accelerator program, marking their initial collaborative efforts. Ken Timsit, Managing Director of Cronos Labs, a blockchain startup accelerator, commented on the partnership. He expressed optimism about Ubisoft's contributions, given their understanding of blockchain's potential and limitations in creating deeper engagement between game creators and gamers. Timsit also mentioned the open-source Cronos project, where Ubisoft is expected to participate as a validator. Cronos' ecosystem stands to benefit from Ubisoft's expertise, particularly in providing feedback on technology upgrades to support gaming use cases. Ubisoft's Strategic Innovation Lab, tasked with anticipating the future and integrating innovative technologies, will play a pivotal role in this endeavor. Cronos has been active in the gaming industry with Cronos Play, a suite of developer tools and integrations for blockchain-based games. The developer tools are now available as a plugin in the Unreal Engine Marketplace, with more than 15 Web3 games launched or in the pipeline for launch on the Cronos blockchain. Cronos (cronos.org) is an EVM-compatible layer 1 blockchain network built on the Cosmos SDK. It's supported by Crypto.com, Crypto.org, and more than 500 app developers and partners. The platform is adopted by over 1 million users and supports an ecosystem of more than 80 million users worldwide with the Cronos ($CRO) cryptocurrency. Ubisoft's venture into the Cronos ecosystem reinforces the growing interest of leading technology firms in blockchain technology and its myriad applications. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A group of Terra Classic Core developers, the Joint L1 Task Force (L1TF), has announced that it is ready for the Parity Upgrade, set for the 14th of June, 2023. The Terra Classic Community unanimously voted in favor of Proposal 11561, paving the way for the critical update to be implemented. The Parity Upgrade With the Terra Classic community passing the proposal, the Join L1 Task Force will initiate the upgrade on the 14th of June, bringing a host of significant changes to Terra Classic. The primary change will see the upgrade bring Terra Classic to parity with other blockchains, such as Terra 2.0 and other Cosmos chains. This will allow developers and projects to start building once again on the Terra Classic chain. The Parity upgrade is considered one of the most significant upgrades since the Terra community took control of the project following the Do Kwon-led Terra-Luna fiasco in May 2022. Do Kwon now faces multiple charges, and was arrested in Montenegro. Terra Classic will undergo the Parity upgrade at block height 13215800 and will be initiated at 14:00 UTC on the 14th of June. However, the block height and upgrade time could be changed. Validators and nodes must install the V2.1.1 release before the upgrade. The upgrade primarily consists of features such as a minimum 5% commission for validators, CosmWasm V1.1.x, and two security upgrades. Other significant changes included in the upgrade are WasmVM upgrade to V1.1.2, WASMd upgrades for multi-chain capability, IBC go v4.3.1, along with bug fixes. Unprecedented Support Proposal 11501 upgrade to V2.1.0 received unprecedented support, with 99.99% votes in favor of the proposal. The proposal received a minuscule 0.01% “No” votes. It also received almost no “abstain” and “no with veto” votes, indicating the strong level of support for it within the Terra Classic community. Several prominent validators supported the proposal, including Orion, Coinpayu, Allnodes, Interstake One, StakeBin, and others. Developers Urged To Reach Out The main goal of the Parity upgrade is to put Terra Classic at par with other Cosmos chains, such as Terra 2.0. This would allow developers and projects to create and upload their applications on the Terra Classic network. Joint L1 Task Force member LuncBurnArmy stated on Twitter, “As I believe everyone in the #LUNC community is aware, this upcoming Wednesday, the 14th of June, is a milestone upgrade for the blockchain, as we will be at parity with other Cosmos blockchains, providing dApp developers with a much easier process of bringing their dApps over.” Decentralized applications (dApp) and smart contract providers were urged to update the codebase of their projects to CosmWasm v2.1.0 and upload it. The Joint L1 Task Force announced that it would be helping dApps with several crucial requirements for the upgrade. Owners of decentralized applications with sealed smart contracts were urged to contact developer Fragwuerdig if they require help with the CosmWasm parity upgrade. Name Changed To V2.1.1 Joint L1 Task Force members also made crucial changes to the original V2.1.0 upgrade and changed the name to V2.1.1. According to GigHub, developers made around 19 additions and 9 deletions to files in the upgrade. This includes changing logs and fixing missing labels in the Wasm client. A Historic Milestone Terra Luna Classic staking also achieved a significant milestone as the upgrade looms, reaching 1 trillion LUNC staked. Furthermore, the community has burned an additional 63 billion LUNC. As a result, the staking ratio has reached a record high of 14.61%. Currently, out of 6.84 trillion LUNC tokens, around 5.8 trillion are in circulation. “BREAKING: #LunaClassic officially has 1 TRILLION $LUNC staked! Congratulations to the community for this historic achievement! Let’s go for 2 TRILLION next! Send it!” Furthermore, the price of the LUNC token has seen a sustained rally following the news of the upgrade. The token was also the only cryptocurrency to remain positive last week, while all others were in the red. The asset’s price has seen a jump of over 11.50%, rising to $0.000097, and could increase further following the Parity upgrade. The trading volume has also seen a considerable increase, rising by 120% in the last 24 hours. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.