Terra governance prop №1623 to rename the existing network Terra Classic, LUNA Classic ($LUNC), and rebirth a new #Terra blockchain & LUNA ($LUNA) is now live.
The Terra (#LUNA -38.60%) blockchain is powered by two cryptocurrencies: Terra and Luna. Terra is a stablecoin tied to the value of fiat currencies. For example, TerraUSD (#UST -4.81%) is pegged to the U.S. dollar. And Luna is used to absorb stablecoin price volatility.
#Bitcoin #Ethereum #Crypto