Tag: Terra protocol

Terra operates with a delegated proof of stake consensus algorithm and is a Tendermint-based Layer 1 protocol , built using Cosmos-SDK. It is considered a part of the Cosmos ecosystem.

Terra is the blockchain which houses the LUNA coin and associated stablecoins, including terraUSD.

Layer 1 refers to a base network, such as Bitcoin, BNB Chain, or Ethereum, and its underlying infrastructure . Layer-1 blockchains can validate and finalize transactions without the need for another network. Making improvements to the scalability of layer-1 networks is difficult, as we’ve seen with Bitcoin.