How does Luna Terra work?

Summary. Terra is a trustless, programmable blockchain ecommerce platform that offers fiat-pegged stablecoins to provide more stability when conducting cross-border payments .

LUNA’s annual staking rewards were pegged at 6.62% against ETH’s 4.81%. To be sure, the higher staking value doesn’t mean Ethereum is not as valuable anymore. … Ethereum is no longer the second most preferred proof-of-stake network for miners. CryptoStakersTerra226,207Ethereum54,768Solana358,297Ethereum is no longer the second most preferred proof-of-stake … www.businessinsider.in › investment › news › articleshow

The Terra protocol works as a distributed ledger that is maintained by validators on the network . The validators work under DPoS algorithm and vote on blocks, thus earning LUNA tokens as rewards. Terra miners play an instrumental role in security by participating in the PoS consensus mechanism.