The long-awaited launch of Terra’s new blockchain took place today as planned. The network has created its first unit and additional services are expected to be launched soon.
- The Terra team sent it to Twitter today to reveal that the new chain has officially launched and is already producing blocks.
Unit 1 of the brand new Terra blockchain (with Phoenix-1 chain identifier) was officially produced at 06:00 UTC on May 28, 2022!
- The team also revealed that consumers can currently do “many things” with their liquid LUNA, such as betting on preferred validators, winning prizes, participating in government decisions, and more.
- It is also worth noting that this is a new blockchain, not a branch, so decentralized applications from the classic chain will have to be restarted on the new one.
- With this in mind, one of the most pressing questions that many are wondering is whether centralized exchanges and service providers will support air dumping.
- There are many platforms that have already announced that they will do so, and they include, but are not limited to: Huobi, Binance, KuCoin, Bitrue, FTX, Bitfinex, GateIO, ByBit, Nexo and so on.
- It is worth noting that the owners will receive part of their airdrop now, and the rest will be provided for a certain period of time.
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