Terra Collapse teaches about “Crypto” and Bitcoin

Terra Collapse teaches about “Crypto” and Bitcoin

Terra is crumbling.

The blockchain project that houses popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but is now fifth, is on the verge of collapse as UST repeats its $1 Binding and LUNA, home of blockchain, not maintaining tokens, is approaching zero.

Terraform Labs, the tech start-up behind the development of Terra, stopped producing new blocks on the network on Thursday “to prevent governance attacks after severe $LUNA inflation and significantly reduced attack costs,” it said Twitter.

Leave a Reply

Your email address will not be published.