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What is Terra (LUNA)?
Terra is a public blockchain protocol deploying a suite of algorithmic decentralized stablecoins which underpin a thriving ecosystem that brings DeFi to the masses.
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How does Terra (LUNA) work?
Terra is an algorithmic stablecoin that was built with the Cosmos SDK and Tendermint, a Byzantine Fault Tolerant proof-of-stake (PoS) consensus algorithm. The Terra stablecoin is collateralized by a second native token called Luna (LUNA).
Founded in 2018, Terra launched with $32 million in backing from Binance and Polychain Capital, among others. Each Terra stablecoin (such as TerraUSD or the one tracking the South Korean won, TerraKRW), relies on the system’s LUNA token to maintain its peg.
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