Terra is a blockchain protocol and payment platform used for algorithmic stablecoins. The project was created in 2018 by Terraform Labs, a startup co-founded by Do Kwon and Daniel Shin. It is most known for its Terra stablecoin and the associated Luna reserve asset cryptocurrency. In May 2022, the Terra blockchain was temporarily halted after the collapse of the stablecoin TerraUSD (UST) and Luna, in an event that wiped out almost $45 billion in market capitalisation within a week. Terra is a blockchain that leverages fiat-pegged stablecoins to power a payment system. For consensus the Terra blockchain uses a proof-of-stake codesign. Several stablecoins are built atop the Terra protocol, including TerraUSD, which was the third largest stablecoin by market capitalisation before its collapse in May 2022. The Terra blockchain has a fully-functional ecosystem of decentralized applications (or DApps), such as Anchor, Mirror, and Pylon, which utilised the stable-coin infrastructure of Terra. More information...
According to PR-model, terra.money is ranked 2,581,589th in multilingual Wikipedia, in particular this website is ranked 64,791st in Hungarian Wikipedia.
The website is placed before bczp.com.ua and after verifiedby.me in the BestRef global ranking of the most important sources of Wikipedia.
