Edward Kim, the core developer at Terra Rebels, comes up with a new proposal to re-enable the Terra Classic’s Inter Blockchain Communication (IBC) channels. The proposal aims to reopen IBCs for Osmosis, Crescent, and Juno that were disabled during the Terra-LUNA crisis in May.
The Terra Classic community looks to increase utility by bringing back projects on the chain. It will also boost the LUNC burn rate and help the LUNC price recover from pressure following the FTX crisis.
Terra Classic Core Developer to Reopen IBC Channels
Terra Rebels’ core developer Edward Kim published a proposal to re-enable IBCs between Terra Classic and three channels for Cosmos-based chains Osmosis, Crescent, and Juno. The channels were disabled during the Terra-LUNA crisis.
Terra Rebels, Osmosis, and Notional Labs are working on an L1/L2 chain upgrade to re-enable IBCs. The IBC channels will be separated from the overall v23 software upgrade. Edward Kim believes it is necessary due to continuous change

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