How to participate on Terra. Terra operates with a delegated proof of stake consensus algorithm and is a Tendermint-based Layer 1 protocol , built using Cosmos-SDK.
Read moreIs Terra a stablecoin?
Terra is a blockchain protocol underpinned by a suite of decentralized stablecoins . The most popular is called TerraUSD, or UST. The stablecoins maintain their pegs through a coin called LUNA. LUNA is a volatile cryptocurrency.
Read moreIs Terra Luna a Layer 1 blockchain?
Terra, a DeFi-centric layer-1 protocol built using Cosmos , has also rebounded by nearly 12% after a brutal week which resulted in LUNA, the network’s native token, shedding nearly 20%. LUNA’s gains appear to revolve around returning trust in the network’s U.S. dollar-pegged stablecoin.1 Şub 2022
Read moreIs Terra a Layer 1?
Terra is a Layer 1 smart contract blockchain built for stablecoins . Unlike other Layer 1 networks such as Ethereum, Terra focuses on creating an ecosystem for real world payments. To achieve this, it uses algorithmic decentralized stablecoins that track the price of traditional fiat currencies.
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