What Is Terra? ($LUNA)
Terra ($LUNA) is a blockchain that specialises in algorithmic stablecoin creation.
Hey, Ravinder here 👋
This week, I'm covering Terra ($luna). It's a blockchain that specialises in algorithmic stablecoin creation. Here's the best content on Terra.
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Terra Explained: Terra is a network that facilitates the creation of stablecoins. It was launched by Do Kwon and Daniel Shin - the founders of Terraform Labs - in 2018. It uses the Tendermint Delegated-Proof-of-Stake consensus mechanism.
A Timeline Of The Multi-Billion Dollar Terra Ecosystem: South Korean entrepreneur Do Kwon controls billions of dollars worth of equity and tokens throughout the Terra ecosystem. That success has come with scrutiny.
The Tokenomics Of Terra: Basing the Terra ecosystem around a stablecoin has the potential to make it popular. Bridges connecting it to other chains increase its reach further, potentially increasing stability for the broader ecosystem.