When Terraform labs launched their blockchain in 2018, they were hoping to challenge Ethereum’s dominance. After reaching a $30 Billion market cap in only a few years, Terra blockchain collapsed last week along with its infamous coins, $UST and $Luna. The savings of real people were lost. House down payments, college funds, wedding money. Many unsuspecting folks watched their fortunes disappear overnight. As a result, the reputation of web3 technologies also got damaged. Because of its unregu...