Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins like UST, algorithmically stabilized by its reserve currency Luna, to facilitate programmable payments and open financial infrastructure development. As of December 2020, the network has transacted an estimated $299 billion for over 2 million users.
Terra Luna is the reserve currency of the Terra platform. It has three core functions: i) mine Terra transactions through staking, ii) ensure the price stability of Terra stablecoins and iii) provide incentives for the platform’s blockchain validators.
The Terra protocol runs on a Proof of Stake (PoS) blockchain, whereby miners must stake their Luna in order to mine transactions. All else being equal, a validator who has staked more Luna has a higher chance of generating the next Terra block compared to another validator who has staked less. In essence, Luna represents a validator’s mining power.
4 Terra Luna Projects Ready to Explode
JOIN ALTCOIN BUZZ ACCESS 🚀
➡️
⏱️ TIMESTAMPS
0:00 Terra Luna
1:00 Project Features
5:27 Terra Station Wallet
6:16 The Team
6:37 Terra Ecosystem
7:05 Recent Developments
8:22 Token Analysis
8:49 Risks
10:14 LUNA Price Prediction
11:02 Final Thoughts on Terra
FREE TRADING SIGNALS
ALTCOIN BUZZ CHAT
TOP CRYPTO NEWS
FREE NEWSLETTER
TWITTER
COINGECKO
â–ş CRYPTO.COM – GET $25 in CRO
â–ş BINANCE
🚀 FREE CRYPTO PROJECT EVALUATION CHECKLIST
Use this checklist to help you with the research and due diligence process for any crypto project.
âž– MUSIC âž–
The Life and Death of a Certain K. Zabriskie, Patriarch by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 license.
Source:
Artist:
chriszabriskie.com
âž– DISCLAIMER âž–
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
#Luna #terra #ust
source
