Which blockchain is Luna on?
Carlo LonatiDec 26, 2021 · 3 years ago3 answers
Can you please tell me which blockchain Luna is built on? I'm interested in understanding the underlying technology behind Luna.
3 answers
- Dec 26, 2021 · 3 years agoLuna is built on the Terra blockchain. Terra is a decentralized blockchain platform that aims to provide stablecoins and other financial products. It uses a unique algorithm called Tendermint consensus to achieve fast and secure transactions. The Terra blockchain also supports smart contracts, allowing developers to build decentralized applications (dApps) on top of it.
- Dec 26, 2021 · 3 years agoLuna is powered by the Terra blockchain. Terra is known for its stability and scalability, making it an ideal choice for Luna's ecosystem. The Terra blockchain utilizes a delegated proof-of-stake (DPoS) consensus mechanism, which ensures fast transaction confirmations and high network throughput. With its innovative design, Terra aims to revolutionize the world of decentralized finance (DeFi) and provide users with a seamless experience.
- Dec 26, 2021 · 3 years agoLuna is on the Terra blockchain, which is a highly reputable blockchain platform in the cryptocurrency industry. Terra has gained recognition for its innovative approach to stablecoins and its commitment to scalability. By leveraging the Terra blockchain, Luna is able to benefit from its robust infrastructure and secure network. The Terra blockchain also offers a wide range of features and functionalities, making it a versatile platform for various decentralized applications.
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