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Terra(LUNA)

Terra is a blockchain-based, open-source platform focused on creating a new, global economy. It was created to provide a stable, low-volatility, and low-fee currency to drive mass adoption of cryptocurrency and blockchain technology. Terra is an innovative, decentralized financial system that enables users to transact in the form of a stablecoin, the TerraUSD, which is pegged to the value of the U.S. dollar.

The Terra platform has three core components: The blockchain, the consensus protocol, and the payment network. The blockchain is the foundation of Terra, where transactions are recorded and stored in a secure and immutable manner. The consensus protocol is used to ensure that the blockchain is secure and that transactions are validated. Finally, the payment network is used to facilitate the transfer of funds between users.

The Terra blockchain uses a delegated proof-of-stake (DPoS) consensus mechanism to ensure that transactions are secure and that the network is reliable. With DPoS, users can stake their TerraUSD tokens in order to become delegates and validate transactions on the network. The more tokens a user stakes, the more influence they have in the consensus process. This system ensures that the network remains secure and reliable.

Founder: Daniel Shin and Do Kwon

Protocol
Layer

Layer 1

Programming
Language

Rust

Consensus
Mechanism

Proof Of Stake

Current
Price

$1.179

Market
Cap

$797,414,217.073

Circulating
Supply

676,452,194.872 LUNA