Luna 2.0 will not fork Luna Classic

Terraform Labs has confirmed in a press release that Luna 2.0 will be a genesis blockchain beginning at block 0 with no dApps at launch.

Terraform Labs has verified that the new Luna 2.0 blockchain will not share any history with Luna Classic when it is released on May 27.

According to an official announcement, the new chain would be a "brand-new blockchain... beginning with genesis block 0 that will not share history with Terra Classic."

The organization clarified that,

“A (hard) fork refers to a change in a blockchain protocol that results in two blockchains – one that follows the previous protocol & one that follows the new version. The new chain shares all of its previous history with the original.”

If the vote passes, the new Terra network will represent "the beginning of a new blockchain." Currently, a quorum has been reached and the vote has surpassed the pass threshold of 50 percent without reaching the veto threshold of 33 percent.

At 12:17 GMT on May 25, the vote will conclude and the route to Luna 2.0 will begin. However, a major question at this time must be whether Terraform Labs is capable of carrying out the concept. In the previous week, two key initiatives were approved but could not be implemented owing to technological challenges.

Implementing proposition 1623: Will there be a technical obstacle? As a new blockchain is being established, it is improbable. However, the last several weeks have taught us that anything is conceivable with regard to the Terra Luna debacle.

A non-fork

Terra faces formidable obstacles as a result of the creation of a new blockchain beginning with block 0. For example, "DApps or assets from the old chain (Terra Classic) will not pre-exist on Terra (as they would in a fork) and will need to transfer."

Any Terra project that announced support for the new chain will be required to select whether to continue supporting their dApp on Luna Classic and Luna 2.0 or to drop one in favor of the other. No dApps will be operational on Luna 2.0 at launch, as there will be effort to move the codebase to the new chain.

Controversially, the further controversy comes from FatManTerra’s response, stating,

“It’s not technically a fork, but that’s besides the point. Why did you manipulate the governance vote into pushing it through? Why not have a real vote? Why are you strong-arming builders into supporting it when they don’t want to?”

The allegation is bolstered by the fact that on May 12, Luna Foundation Guard purchased 221 million LUNA and bet it across validators. This gave LFG a majority in the governance vote, ensuring the passage of any plan they favor.

Given that these voters were "staked across a variety of validators," it is unclear if the LFG utilized these votes or delegated them to the validators.

Another commentator pointed out that Do Kwon himself used "fork" jargon when explaining the new blockchain, adding to the situation's ambiguity.

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