Terra Collapse Teaches About ‘Crypto’ And Bitcoin

Earth is crumbling.

The blockchain project, which houses the popular algorithmic stablecoin TerraUSD (UST), which recently became the fourth largest stable currency by market value, but now ranks fifth, is about to collapse as UST does not you can keep your $ 1 peg and LUNA, the native of the blockchain. tab, close to zero.

Terraform Labs, the technology start-up behind Terra’s development, on Thursday halted production of new blocks on the network “to prevent government attacks after severe $ LUNA inflation and a significantly reduced attack cost,” Twitter.

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