A complete Guide on Terra Ecosystem

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Terra is now 3rd high TVL blockchain

This article is trying to provide an overview of the Terra Luna ecosystem up to date.

1. TerraUSD
2. Why UST?
3. Introduction to Terra Apps
4. Upcoming Products
5. Columbus 5 upgrade.
6. Availability of UST on other chains
7. Technical Analysis

Interested?…Well-Read on!

TerraUSD

Terraform Labs started working on Terra Blockchain in 2018. The founders of Terraform labs are Daniel Shin and Do Kwon, both of them having a substantial blockchain background, and they are even founders of many companies in South Korea. These guys know what they are doing!

Terra Main net was launched in April 2019, which introduced KRT stable coin, which is pegged to Korean Won. KRT is used to settle payments of different applications, including CHAI- one of the most used decentralized crypto applications.

Terra US dollar-pegged stable coin begun printing in Sep 2020 called TerraUSD or UST.

The creators of Terra believe there was a demand for a decentralized, price-Stable money protocol in both fiat and Blockchain economies when they created…