Unveiling Luna’s Hard Fork: A Closer Look

Understanding Luna’s Hard Fork

Luna’s hard fork has been making waves in the cryptocurrency community, sparking both excitement and speculation among investors and enthusiasts alike. But what exactly is a hard fork, and why is it significant for Luna?

The Basics of Hard Forks

In simple terms, a hard fork occurs when a blockchain network undergoes a significant protocol upgrade, resulting in a permanent divergence from the original chain. This can happen for various reasons, such as the need to implement new features, improve scalability, or address security vulnerabilities.

Implications for Luna

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