About Terra
Terra is a blockchain protocol for payments and algorithmic stablecoins, built to support price-stable digital transactions. Terraform Labs was founded by Do Kwon and Daniel Shin in 2018. The original Terra mainnet launched in April 2019. After that chain collapsed, a reset phoenix-1 mainnet launched on May 27, 2022. Terra is built on the Cosmos SDK and uses Tendermint delegated proof-of-stake consensus to validate transactions. The native token is LUNA, used for staking to secure the network, participating in governance, paying fees, and earning mining rewards. In the original design, LUNA worked alongside Terra stablecoins through a mint-and-burn mechanism intended to maintain price stability for payments and DeFi applications. The post-2022 chain launched with a genesis supply of one billion LUNA, while the earlier chain also targeted one billion tokens but relied on a dynamic mint-and-burn model rather than a fixed cap. Terra continues to operate as a proof-of-stake payment and stablecoin protocol under the LUNA ticker following its 2022 relaunch.
ChatGPT dots now let users pick which local computer runs a task
OpenAI's new feature enhances user control and flexibility, potentially boosting productivity and efficiency in task management.
Yang-Mills Working Group to publish OpenAI’s Lean code for review
The publication of AI-generated proofs for complex physics problems could revolutionize mathematical validation, enhancing collaboration and innovation.
Mavria raises $130 million to mass-produce modular AI data centers
Mavria's approach could revolutionize AI infrastructure by enabling rapid, scalable deployment, but success hinges on overcoming power constraints.
OpenAI and Anthropic release cheaper AI models, potentially impacting premium sales
The release of cheaper AI models by OpenAI and Anthropic may challenge premium sales, affecting market valuations and strategic investor roles.
OpenAI’s dots agents strain compute as Musk calls Grok Bot costs unsustainable
The high computational costs and reliability issues of AI agents highlight the economic and operational challenges in scaling AI services.
Binance misses November Luna Classic burn for first time since 2023
Binance's missed burn raises uncertainty about its commitment, potentially impacting LUNC's deflationary efforts and community trust.
A sourced map of Terra's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Terra and the wider market, hosted by our team, will appear here once episodes are live.