Terra Classic v1.1.0 upgrade completed

On March 2, it was reported that the Joint Layer 1 Task Force had completed the Terra Classic v1.1.0 upgrade. The Vinh Nguyen, a member of the Joint Layer 1 Task Force, confirmed this progress by tweeting that the upgrade took 7 hours. According to a previous report, the upgrade plan starts at the block height of 11734000, and is expected to occur at about 22:00 UTC on February 28. After that, Qian An issued an announcement to confirm its support for the upgrade.

Interpretation of this information:

The meaning of the message is related to a technical upgrade related to blockchain technology. It is focused on the Joint Layer 1 Task Force and the Terra Classic v1.1.0 upgrade. Vinh Nguyen confirmed the progress of this upgrade on March 2nd, informing that it took approximately 7 hours to complete.

The report states that the upgrade plan was supposed to begin at the block height of 11734000, and the expected time of execution was around 22:00 UTC, February 28. Hence, it seems that the upgrade might have experienced a delay of a couple of days before the confirmation of the completion on March 2.

It is also mentioned that Qian An issued an announcement confirming its support for the upgrade. This affirms that Qian An is an organization that is involved in blockchain technology and is actively intervening in the development of such technologies.

The use of blockchain technology has been on the rise in recent years. It is widely used in digital currency transactions, supply chain management, and other data processing applications. The successful completion of the Terra Classic v1.1.0 upgrade is a significant milestone in the field of blockchain technology.

Given the scale of the upgrade, the duration of seven hours indicates that it was a complex process that required the expertise of a team of specialists. A task force was assigned to carry out the upgrade, and it is likely that they worked tirelessly to ensure that the upgrade process was successful.

Also, this report indicates that the development of blockchain technology is a continual process. Innovations and upgrades are necessary to keep up with the ever-evolving technological landscape. The Terra Classic v1.1.0 upgrade is a testament to this and shows the dedication of these technological experts in ensuring that blockchain technology remains relevant and efficient.

In conclusion, the report of the completion of the Terra Classic v1.1.0 upgrade by the Joint Layer 1 Task Force is significant in the field of blockchain technology. It highlights the constant development and improvements of this sector to remain efficient and secure. The confirmation of support for the upgrade by Qian An further emphasizes the need for more organizations to be involved in the development of blockchain technology.