What is an Appchain?

An appchain, or application-specific blockchain, is an independent blockchain used explicitly for a specific set of custom-designed applications . Unlike dApps, appchains allow developers to customize their applications in terms of governance structure, economic design, and underlying consensus algorithm.

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What is the 1 inch coin?

1INCH is an Ethereum token that powers 1inch, a decentralized exchange that aims to offer the “best rates by discovering the most efficient swapping routes across all leading DEXes.” Decentralized exchanges (a.k.a. DEXes) like 1inch enable users to transact tokens without an intermediary.

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What is Terra USD crypto?

TerraUSD is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00 . Unlike centralized stablecoins, UST isn’t backed by US dollars in a bank account. Instead, in order to mint 1 TerraUSD, US$1.00 worth of TerraUSD’s reserve asset (LUNA) must be burned. Resources. 

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