Binance CEO CZ Supports Terra Community, But Wants More Transparency

Binance CEO CZ Supports Terra Community, But Wants More Transparency

Changpeng “CZ” ZhaoThe CEO of cryptocurrency exchange Binance recently questioned the idea of ​​hard forking the blockchain as a means to revive the once-prosperous Luna and the UST ecosystem. Following that, CZ revealed his thoughts on the appropriate course of action for the falling project across the crypto community.

“It won’t work,” said CZ also refuted the idea of ​​validators hard forking TERRA2, which would involve providing a new version of LUNA to all holders based on the snapshots held before the market crashed. CZ recommends: