What Is Terra Network?

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Terra is a revolutionary, decentralised virtual finance blockchain protocol. It leverages smart contract, stable coins, oracle based blockchains, and other distributed computing technologies to give financial services and assets to users. As with all other Defi projects, it also has its very own native cryptocoin, Terra’s LUNA token. The token is used as a payment method on websites and online gaming platforms, as well as being accepted in traditional commercial environments such as card payments and internet payments. More significantly, though, the token can be used as a source of income and incentives for workers and developers.

As a DDoS prevention technology, the key to success for Terra network is its stable coin TerraUSD. The idea is that the funds raised will be used to pay for the services and applications that the project develops and implements. However, it is the token that will be issued and ultimately used as payment when one decides to move forward.

This is all-time high in the world of Cryptocurrencies and represents an exciting potential opportunity for savvy investors. By leveraging one of the few stable coins in the marketplace, investors stand to benefit from an uptrend in value, while having their investment stands to make a sizeable return if the market reaches its apex. With a multitude of new and exciting uses for the token, there is no better time than now to get involved in the Terra Luna project and see what all the hype is about. This latest development in the world of crypto currencies is sure to usher in a new era of profitability and growth for all-time high gainers. So get in early… you’ll be ahead of the curve!