Terra is a PoS blockchain that is backed by smart contracts, the native token $LUNA and the stablecoin $UST, with the goal of bringing #crypto to the real world. 🧵👇 (1/26)
1. In the words of founder @hyunsung1112 , Terra aims to be a competitor to Alipay on the blockchain.
#Terra is fundamentally creating composable financial infrastructure. It's optimized for usability and Dapps are built with composability and integrability in mind
2. The genius of Terra lies in its #StableCoin, #UST, which is a truly decentralized algorithmic stablecoin, and the native currency, $LUNA.
Currently, $UST is the 4th largest stablecoin by market cap and the largest decentralized stablecoin
#Avalanche is a proof of stake platform (alternative L1) upon which dapps, smart contracts and subnets (custom blockchains) can be created.
🧵👇 (1/24)
2. #Avalanche designed to integrate w existing protocols and chains, while providing the same level of security as #ETH and #Bitcoin
3. Avalanche’s unprecedented consensus system allows for an insane number of transactions per second (4500 tps). Transactions are finalized in under a second. This is INCREDIBLY faster than existing. @CryptoSeq shows the comparison.
Prediction: $LUNA is gonna moon 🌑
- most #cryptocurrency can't be used as currency cause theyre volatile af and you'd be taxed everytime you used it to pay for something
- stablecoins are pegged to the dollar. Stability makes it useful for payments. 👇
- UST (@terra_money) is a popular stablecoin that's backed by a token called LUNA
- everytime someone wants UST, LUNA is burnt to create UST.
- burning causes scarcity, which makes price 🚀
- as demand for UST goes up, LUNA goes up
- it's the 4th largest stablecoin and is growing fast (13B market cap, ~500M volume)
- there's a savings protocol, anchor, that gives you a 20% yield on LUNA