Terra is the blockchain which houses the LUNA coin and associated stablecoins, including terraUSD.
Read moreWhat is a Layer 1 solution?
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.
Read moreIs Luna a utility token?
While Terra’s stablecoins ensure seamless transactions and the stability of fiat currencies, the Terra crypto network uses its native LUNA currency as a utility and governance coin to operate the collateralizing mechanisms that back and secure the price stability of the Terra network’s stablecoins.
Read moreWho is behind Terra Luna?
Luna (LUNA) and TerraUSD (UST) are two native tokens of the Terra network, a blockchain-based project developed by Terra Labs in South Korea.
Read moreWhy is Fantom dropping?
The Fantom network is no longer experiencing the kind of adoption it was getting. This is because of the availability of more competing products like the Bitgert BEC20 blockchain . It is a cheaper and faster chain which makes Fantom appear inferior.
Read moreWill Luna go up?
DigitalCoinPrice also predicts LUNA will continue its general uptrend through 2022 . The LUNA crypto forecast says it will reach an average of $131.33 in Aprial and $142.39 in April 2023. And it predicts the cryptocurrency to break through $150 next year.
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