Tag: Terra Protocol

Terra is a smart contract-enabled blockchain that harnesses the utility of the Cosmos project CosmWasm’s technology. Powered by the native Terra LUNA coin and the TerraUSD coin (UST), the Terra blockchain has become a compelling building ground for blockchain-based applications. Terra has created an all-in-one payment solution using a variety of user-friendly tools to enable businesses to implement blockchain technology to accept and automate Terra payments without intermediaries. Furthermore, Terra utilizes a dual coin system to incentivize arbitrage opportunities. This has helped contribute to the growth and adoption of the Terra network and both the LUNA coin and the UST coin. Also, Terra is responsible for the development of several successful crypto projects, including Mirror Protocol and Anchor Protocol. Moreover, the success of these projects has incentivized the rapid adoption of the Terra LUNA coin.