Learn about the highly anticipated Ethereum merge, the biggest upgrade to swap out the proof-of-work consensus mechanism.
Learn how to create tokens and NFTs on Polygon, a side-chain of Ethereum and earn free MATIC tokens.
Crypto and blockchain have changed one of the most important aspects of the world: money.
Chain Debrief aims to inform, educate, and connect the global investment community through our crypto guides, news, analyses, and opinion pieces.
Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST).
Terra is a blockchain created by Terraform Labs (TFL), founded by Do Kwon and Daniel Shin in January 2018. The main highlight of Terra is that it lets users create stablecoins pegged to fiat currencies, and aims to offer cheaper fees and faster transactions compared to other blockchains.
The project has seen wide popularity with the stablecoins minted on the platform, most notably the United States Dollar, Euro and South Korean Won. As of the time of writing, TerraUSD (UST) is the fourth largest stablecoin by market cap.
Products on Terra have proved popular in Asian E-Commerce markets, with a majority of their user base in South Korea. Chai, a payment processor using the Terra blockchain offers merchants payment fees as low as 0.5%, where traditional processors like Paypal and Stripe offer rates of 1.5%-2%. Terra’s native token – LUNA was all the hype in 2021, with its price reaching an all-time high of $102.9 from $0.65 at the beginning of the year.
This report provides an in-depth look at the past, present and future events of the Terra blockchain.
Enjoy all the following benefits from the Chain Debrief Team:
Chain Debrief’s vision is to help everyone make sense of the blockchain technology.
Learn the basics of cryptocurrency and how to protect yourself from crypto scams with this 6-part beginner-friendly course, created in collaboration with Luno Discover.
Not sure what to do with your crypto? It’s time to learn some popular strategies for investing.