Terra founder Do Kwon tweeted that Terra governance proposal #1623, which proposes to rename the existing network to Terra Classic, LUNA Classic ($LUNC) and create a new Terra blockchain and LUNA ($LUNA), is now live ). According to previous reports, Do Kwon proposed the "Reconstruction of Terra Ecological Plan 2", proposing to fork the Terra chain into a new chain of Terra Classic and algorithm-free stablecoins.
