common-close-0
BYDFi
Trade wherever you are!

Which blockchain is Luna on?

avatarAbhay ShauryaDec 30, 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.

Which blockchain is Luna on?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Luna 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.
  • avatarDec 30, 2021 · 3 years ago
    Luna 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.
  • avatarDec 30, 2021 · 3 years ago
    Luna 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.