Terra Luna Classic (LUNC) network is going through changes, and some people in the community want to appoint a CEO to help the network during its tough times.
People who support this idea say that Terra Classic (LUNC) is too spread out to manage by itself. They say it doesn’t have a clear leader, which makes it hard to decide things and make improvements. They also believe that not having a CEO has made it tough to bring in new users and developers to help the network.
Those who disagree with this idea say that making a CEO would go against what LUNC originally wanted, which is to be a decentralized network. They also think a CEO could become too powerful and might misuse that power.
Classy Crypto’s Perspective
Once, the Terra Classic community thought about having Changpeng Zhao (CZ), who is the CEO of Binance Exchange, lead their crypto project.
In a recent video, a well-known supporter of cryptocurrencies named Classy shared their thoughts on this idea. They talked about the discussion and mentioned that completely decentralized blockchains don’t always do well. They pointed out that even successful networks like Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) have some level of centralization. Classy Crypto thinks that having a group that makes decisions helps these networks work well.
Classy Crypto also said that while the crypto world might find a better way to be decentralized in the future, not having a clear leader in LUNC right now is hurting how well it can grow.
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Terra Classic (LUNC) Layer One Task Force
Because of the ongoing discussion, a group called the Terra Classic layer one task force wants to lead the way. This group has skilled developers and community members who really want to help Terra Classic (LUNC) get better.
Their idea is to start fresh and rebuild everything about LUNC. They want to make the network work better, be safer, and easier to use. They also want to bring in new users and developers to help out.
We’ll have to wait and see if this task force can make Terra Classic (LUNC) improve and become popular again.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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