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The team behind Terra blockchain, led by CEO Do Kwon, has some hours ago clarified misconceptions around the new blockchain underway, Terra 2.0. Since the Terra Terra 2.0 will not be a fork. This is the start, the “Genesis” of a new blockchain. What does it all mean? It means that they are starting from scratch, and Terra 2.0 Terra aclara en Twitter que Terra 2.0 en la Propuesta 1,623 será una cadena génesis en lugar de un fork de la cadena existente, que se llamará Terra Classic. Si Terra clarifies on Twitter that Terra 2.0 in Prop 1,623 will be a genesis chain instead of a fork of the existing chain, which will be called Terra Classic. If the proposal Mark Brennan – Advertisement – Terra team demonstrates Terra 2.0 is not a fork. For days now, there have been speculations as to whether Terra 2.0 will be launched or The Terra Team has described Terra 2.0 as the genesis of a new blockchain. Dapps from the old chain will not pre-exist on the new Terra (LUNA) chain. Voting for the new chain and airdrop of May 24, Terra officially corrected a misunderstanding from some community members at TFL that Terra would fork a new chain on top of the existing one. According to Terra, the revival plan is The revival plan is not proposing a “fork” of the existing chain, but rather the creation of a new one.” A fork refers to a change in a blockchain protocol that results in two

Terra 2.0: Not a Fork - Understanding the Confusion Around the New Chain

Confusion persists around the launch of Terra 2.0. Is it a fork of the existing Terra blockchain? The short answer, according to the Terra team, is no. This article clarifies the misconceptions and explains what Terra 2.0 actually is.

Terra 2.0: Genesis Block, Not a Fork

The team behind Terra blockchain, led by CEO Do Kwon, has clarified misconceptions around the new blockchain underway, Terra 2.0. For days now, there have been speculations as to whether Terra 2.0 will be launched. To address these concerns, Terra officially corrected a misunderstanding from some community members at TFL that Terra would fork a new chain on top of the existing one on May 24. Mark Brennan – Advertisement – Terra team demonstrates Terra 2.0 is not a fork. The Terra Team has described Terra 2.0 as the genesis of a new blockchain.

Since the Terra 2.0 will not be a fork. This is the start, the “Genesis” of a new blockchain. What does it all mean? It means that they are starting from scratch, and Terra 2.0 Terra aclara en Twitter que Terra 2.0 en la Propuesta 1,623 será una cadena génesis en lugar de un fork de la cadena existente, que se llamará Terra Classic. Si Terra clarifies on Twitter that Terra 2.0 in Prop 1,623 will be a genesis chain instead of a fork of the existing chain, which will be called Terra Classic. If the proposal makes it clear: the revival plan is not proposing a “fork” of the existing chain, but rather the creation of a new one.

What's the Difference Between a Fork and a Genesis Chain?

A fork refers to a change in a blockchain protocol that results in two. In contrast, Terra 2.0 is being built from the ground up, meaning Dapps from the old chain will not pre-exist on the new Terra (LUNA) chain.

Key Takeaways: Terra 2.0 and the Existing Chain

  • Terra 2.0 is not a fork of the original Terra chain.
  • It's a brand new blockchain, starting with a genesis block.
  • The existing chain will be renamed Terra Classic.
  • Voting for the new chain and airdrop of May 24 (see above) were crucial steps in the process.

Understanding the distinction between a fork and a genesis chain is essential for grasping the future of Terra. This clarified approach aims to provide a fresh start while acknowledging the legacy of the original blockchain.

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