
You have heard of Ethereum, Ethereum Classic and Ethereum 2.0
Will we have Terra Luna, Terra Luna Classic and Terra Luna 2.0?
Do Kwan is now a "Hated" person that a lot of 👬👫 blame for their loss in Luna, UST or Thether and other projects in the Luna ecosystem.
Can these make a comeback?
Many 👫👬 including some crypto influencers think that they are dead.
So we see posts like "RIP Luna" , "Final Goodbye" or "Dead and Gone"
Did Do Kwan give up and go down into history as the biggest failure in crypto?
Do Kwan is a tough person and when the going gets tough, the tough gets going.
Do Kwan accepts that the stable coin UST which got depegged will never get back its former pegged value.
But Do Kwan is not giving up on Terra Luna and is trying to revive it without UST.
What we know as Ethereum is not the original ETH. The original is now called Ethereum Classic.
Ethereum is a new ETH after it hard forked away from the original ETH Classic.
The current ETH is more successful and has a much higher price than ETH classic.
ETH is not without problems. It is notorious for high gas fees as transactions involving ETH incurs high transaction costs. Another problem of ETH is scalability. ETH is so successful and the volume of transactions is so high that it suffer from congestion and slow transaction times. Gas fees goes up during times when congestion is especially high.
The development team behind ETH is coming up with solutions for these problems. The proposed improved version of ETH that solves these problems is referred to as ETH 2.0
Do Kwan proposes to do a "Ethereum" to Terra Luna.
Do Kwan is proposing a hard fork for Terra Luna.
The original Luna will be known as Luna Classic.
New Luna gets the old name of Luna. Luna will be given free or Airdropped to the holders of Luna.
Some of the Luna will be given to holders before the crash and some to those who bought after the crash.
Certain amount of Luna will also be given as compensation to holders of UST which will not be revived.
In order for Luna to build up value and not be immediately dumped, there will be a lock in period of between 2 to 4 years where Luna cannot be sold.
Do Kwan 's proposals will be put to the vote soon.
If accepted, the Hard Fork will proceed.
If you are an existing holder of Luna or UST, will you vote in favour of Do Kwan 's proposals?
If you are not an existing holder, would you buy Luna so as to get the new Luna that will be given out?
Please comment to say your response to the 2 questions above.
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