Terra has opened voting on its highly contentious proposal to hard-fork the blockchain, founder Do Kwon said on Wednesday.
Early voting indicates that over 78% of the community is in favor of forking the blockchain and creating a Terra Version 2.0. About 21.7% of holders have voted against the proposal and invoked their veto powers.
The new Terra will discard the UST stablecoin, which will be retained by the older version. The old Terra will be called Terra Classic, while its native token will be called LUNA classic.
But the results of the early voting largely contrast the broader rhetoric surrounding the Terra blockchain. Holders on Twitter had opposed the forking of the chain, as had a preliminary vote.
Who is behind the Terra fork proposal?
So far, only 54.9 million voters of the eligible 376.2 million have cast their ballot. The vote will be open for seven days.
