elimana
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Due to the possible fall of the Luna digital currency, the company developing the blockchain of this digital currency, which is the Terra network that hosts the two cryptocurrencies Terra (UST) and Luna (LUNA). Terra Network empowers developers to create custom blockchains and decentralized applications, non-fungible tokens (NFT), 3G Internet, and proof-of-stake algorithms. This network is connected to other blockchains such as Ethereum, Binance smart chain and Harmony, which has a great impact on DeFi.
Algorithmic support uses a smart contract to automatically adjust the price of interconnected assets. Smart contracts in the Terra network burn the Luna token to mint new tokens and prevent the inflation of Luna by maintaining the price of Terra. According to this theory, a Terra is always obtained by burning a Luna.
Algorithmic support uses a smart contract to automatically adjust the price of interconnected assets. Smart contracts in the Terra network burn the Luna token to mint new tokens and prevent the inflation of Luna by maintaining the price of Terra. According to this theory, a Terra is always obtained by burning a Luna.
