Terra (LUNA) is an open-source blockchain platform for developing decentralized applications. It enables dApps to be built on its platform using smart contracts and provides a user-friendly interface for those who are not familiar with blockchain technology.
The Terra protocol creates stablecoins designed specifically to track the price of a fiat currency (U.S. dollar or euro). It comprises two crypto tokens—Terra and Luna
The developers of Terra (LUNA) hope to create a more cost-effective and scalable blockchain platform that will be able to handle the increasing demand for decentralized applications. They plan to achieve this by building a system that is able to handle high transaction volumes while still being energy efficient.
Terra coin is a digital asset token built on the Ethereum blockchain. It is designed to represent real world assets with a stable price. Terra coin is backed by goods or services with a one-to-one redemption rate for fiat currency
Terra coin is worth quite a lot, actually. Its current market capitalization is over $31 Billion, and it has a circulating supply of just over 349 million coins. That puts its price at around $94.71 per coin. Of course, that can fluctuate quite a bit depending on the day-to-day trading volume. Nevertheless, Terra coin is definitely worth keeping an eye on if you’re interested in alternative currencies.
Terra coin is traded on Binance and Upbit among other exchanges.
