Terra Classic community steps back from raising gas fees by 10x on the Terra Classic chain, potentially turning down the proposal to raise gas fees to prevent spam attacks on the chain. A proposal was submitted to increase gas fees by 10x on the rationale that current levels for transactions are extremely low and causing attacks feasible and economical.
Allnodes, a validator with the highest voting power, has voted “No” in the proposal, stating “It will negatively affect the cost of the “restake” operations and such change should not be enforced after just one spam attack.”
Terra Classic 10x Gas Proposal Faced Roadblock
Proposal 12095 “10x Gas Fees” is currently under voting on the Station wallet and gained a significant amount of votes in favor as the Terra Luna Classic community considers it crucial. However, the community voting to reject the proposal considering a raise in gas fees not required at present.
The proposal claims gas fees on-chain are extremely low, req
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