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The Crazy Crypto Meltdown of Terra and LUNA, Explained
9 days ago - By Observer
Scary headlines and predictions have been flying around in recent days concerning the Terra and Luna stablecoins, which were featured in the Observer's DeFi Dozen list of the hottest companies in the decentralized finance space. It's a complicated and fast-moving story; here is a guide to help you understand the news.
What is Terra LUNA?
Programmer and entrepreneur Do Kwon founded Terraform Labs in Seoul, South Korea in 2018, and launched its first cryptocurrency token in 2019. The Terra platform uses a proof-of-stake blockchain , and boasts a much faster cryptocurrency settlement than...
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