moonduck15L1 DOT Polkadot
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
moonduck15L1 ATOM Cosmos
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
moonduck15L1 CELO Celo
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
wagmi Investor Technologist @moonduck15
moonduck15L1 DOT Polkadot
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
moonduck15L1 ATOM Cosmos
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
moonduck15L1 CELO Celo
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
wagmi Investor Technologist @moonduck15
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A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint
I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS implies the coin or token and AXS implies the foundation/DAO/founders as appropriate
Status : DRAFT
Basics
Price Action
Stats and Links
Highlight Pro and Con
Technology
Apps Ecosystem
Funds and Promotions
Readings
Terra ( $LUNA) was founded by Do Kwon , previously a founder of a wireless mesh network startup building decentralized application, and Daniel Shin, a very successful entrepreneur who had founded T-MON, a big e-commerce platform on Korea. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Singapore based Terraform Labs and Seoul based development team.
Keeping in mind that previous innovations in the technology of money was bootstrapped by large payment networks (Alipay with Taobao, Paypal with eBay, Visa with banks), Terra was born with the support of the Terra Alliance, 15 large e-commerce companies in Asia that collectively process 25 billion USD in annualized transaction volume and 45 million users.
The founders consider bringing traditional payments etc onto the LUNA chain as main strategy of Terra.Money
Terra offers stable-coins pegged to IMF’s Special Drawing Rights(SDR) basket of currencies $SDR , the U.S. dollar $UST , South Korean won(KRW) $KRT, Euro ($EUT) etc. and has been growing the ecosystem supporting its main stable-coin $UST
Terra supports multiple on-ramps and traditional finance (TradFi) payment services that integrate directly with the Terra blockchain. CHAI is a large mobile payment wallet in South Korea using Terra as a background backbone . CHAI has Softbank funding too. Intellibridge (EU) KASH and US Alice payment and personal financial mobile app in the works. These LUNA based payment apps provide interchange fees ( that credit cards like VISA take) to LUNA
3.35 Mill Addresses ,150 Mill Txs, 1,000tps to 10,000 tps and 2 secs TTF ( mirrors Cosmos as LUNA is based on Cosmos SDK and Tendermint )
13100% Return from 2021 low to high.
0.6536 USD - 85.8037 USD for 13,025.93% returns in 2021
Community Stats: 310K+ Twitter, 28K+ Reddit, 30K+ Telegram
Links: Website Whitepaper Discord Medium Twitter Telegram Explorer Github Reddit
Large scale adoption in real world payment systems
leverages Cosmos and Tendermint toolkits and developer ecosystem
Many cross chain bridges to other chains
$UST popularity across chains and DeFi and high APY
Lack of visibility of assets across chains. Visibility Explorer is a begining
$UST which is being promoted on many chains is a $LUNA linked algo stable coin.
SEC action against Mirror ( $MIR) .
LUNA uses Cosmos SDK and Tendermint BFT consensus. More details in L1 ATOM Cosmos .
Full nodes run can act as validators. The top 130 validators with the highest total stake are selected in a cycle per block . Validators propose blocks, vote on their validity, and add each new block to the chain in exchange for staking rewards from transaction fees. Users can stake their Luna to validators in exchange for staking rewards. Validators also play an important role in the governance of the Terra protocol. Rewards include gas as well as swap fees ( of Stable coins) .
Consensus
A validator called a proposer is chosen to submit a new block of transactions.
Validators vote in two rounds on whether they accept or reject the proposed block. If a block is rejected, a new proposer is selected and the process starts again.
If accepted, the block is signed and added to the chain.
The transaction fees from the block are distributed as staking rewards to validators and delegators. Proposers get rewarded extra for their participation.
Terra LUNA chain is built with golang and is opensource. javascript, python SDK are available for client codes to query or interact with the LUNA chain. Rust and CosWASM ( Cosmos WASM ) for Smartcontracts.
Interoperability
Under Terra.Money theme Terra has developed a web of options for Stablecoins ,DeFi,and NFT. Terra has connectivity to many other L1 Chains and has a web frontend TerraBridge to send tokens across to Harmony ($ONE), BSC, Ethereum , Polygon (MATIC) among others.
The Inter-Blockchain Communication protocol (IBC) is a network of blockchains built around the Cosmos SDK. LUNA is part of the Cosmo IBC bridge and links with Crypto.com, Cosmos ($ATOM) , app based chain for the DEX Osmosis ( $OSMO)
Wormhole is a cross-chain protocol that builds bridges between chains allowing token transfers between them. It currently covers Ethereum ($ETH),Solana ($SOL), BSC Binance Smart Chain ($BNB) and now Terra ($LUNA) .
Allbridge ($ABR) token transfer across EVM and non EVM chains supporting an expanding eligible token list.
AXELAR cross chain gateway and transfer protocls for DeFi apps
Shuttle is Terra - Ethereum bridge
LayerZero is a messaging transport layer for smart contracts to communicate between chains and uses a hub -spoke arrangement rather then chain-to-chain of IBC
Kadena ($KDA) is a POW blockchain with bridges to many other chains
Terra has on chain governance which requires the holder of Luna to submit a proposal by depositing some Luna. A minimum of 512 Luna is needed for the proposal to be valid for voting. Proposal for changing any blockchain parameter is automatically implemented if the proposal is passed. Parameter changes do not need any coding changes. More complex proposals need the community to get them implemented. Terra core team may do major code changes and take the implementation ahead.
200+ apps DeFi as well as NFT/gaming.
See Defillama list. Its largest apps are Anchor $ANC (stable yield lending giving around 20% APY in 2021) , Mirror $MIR (synthetic assets) subject to a SEC suit, see link in challenges below, TerraSwap (DEX), Ozone ( $OZ) Insurance.
1 Billion Total supply of $LUNA. 40 Mill burnt and 200 M to Terra Alliance, 144 M Terra Labs, 200 M Reserves, 128-201 M to contributors, employee
Funding 175 Mill raised thru VC Pantera, Delphi Digital, Coinbase, Lightspeed, Galaxy Digital…
Promotions
Singapore based Luna Foundation Guard (LFG) . Terraform Labs and Delphi Labs are the two main incubators. popular Developer tools and SDK
https://cryptoslate.com/terra-founder-do-kwon-files-lawsuit-against-the-us-sec/
Valuing Luna by Legomakers.UST
Terra: The Moon Also Rises | The Generalist
DoKwon with Delphi Digital : Kickstarting Terra Autumn with Do Kwon
HBR Crypto and the Future of Money (with Terra’s Do Kwon)
Tweet $LUNA and @terra_money resources
Tweet thread on FinTech apps on LUNA
Transparent Terra Blockchain Explorer
Luna Foundation Guard raises $1 billion to form bitcoin reserve for UST stablecoin
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint
I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS implies the coin or token and AXS implies the foundation/DAO/founders as appropriate
Status : DRAFT
Basics
Price Action
Stats and Links
Highlight Pro and Con
Technology
Apps Ecosystem
Funds and Promotions
Readings
Terra ( $LUNA) was founded by Do Kwon , previously a founder of a wireless mesh network startup building decentralized application, and Daniel Shin, a very successful entrepreneur who had founded T-MON, a big e-commerce platform on Korea. Development on Terra began in January 2018, and its mainnet officially launched in April 2019. Singapore based Terraform Labs and Seoul based development team.
Keeping in mind that previous innovations in the technology of money was bootstrapped by large payment networks (Alipay with Taobao, Paypal with eBay, Visa with banks), Terra was born with the support of the Terra Alliance, 15 large e-commerce companies in Asia that collectively process 25 billion USD in annualized transaction volume and 45 million users.
The founders consider bringing traditional payments etc onto the LUNA chain as main strategy of Terra.Money
Terra offers stable-coins pegged to IMF’s Special Drawing Rights(SDR) basket of currencies $SDR , the U.S. dollar $UST , South Korean won(KRW) $KRT, Euro ($EUT) etc. and has been growing the ecosystem supporting its main stable-coin $UST
Terra supports multiple on-ramps and traditional finance (TradFi) payment services that integrate directly with the Terra blockchain. CHAI is a large mobile payment wallet in South Korea using Terra as a background backbone . CHAI has Softbank funding too. Intellibridge (EU) KASH and US Alice payment and personal financial mobile app in the works. These LUNA based payment apps provide interchange fees ( that credit cards like VISA take) to LUNA
3.35 Mill Addresses ,150 Mill Txs, 1,000tps to 10,000 tps and 2 secs TTF ( mirrors Cosmos as LUNA is based on Cosmos SDK and Tendermint )
13100% Return from 2021 low to high.
0.6536 USD - 85.8037 USD for 13,025.93% returns in 2021
Community Stats: 310K+ Twitter, 28K+ Reddit, 30K+ Telegram
Links: Website Whitepaper Discord Medium Twitter Telegram Explorer Github Reddit
Large scale adoption in real world payment systems
leverages Cosmos and Tendermint toolkits and developer ecosystem
Many cross chain bridges to other chains
$UST popularity across chains and DeFi and high APY
Lack of visibility of assets across chains. Visibility Explorer is a begining
$UST which is being promoted on many chains is a $LUNA linked algo stable coin.
SEC action against Mirror ( $MIR) .
LUNA uses Cosmos SDK and Tendermint BFT consensus. More details in L1 ATOM Cosmos .
Full nodes run can act as validators. The top 130 validators with the highest total stake are selected in a cycle per block . Validators propose blocks, vote on their validity, and add each new block to the chain in exchange for staking rewards from transaction fees. Users can stake their Luna to validators in exchange for staking rewards. Validators also play an important role in the governance of the Terra protocol. Rewards include gas as well as swap fees ( of Stable coins) .
Consensus
A validator called a proposer is chosen to submit a new block of transactions.
Validators vote in two rounds on whether they accept or reject the proposed block. If a block is rejected, a new proposer is selected and the process starts again.
If accepted, the block is signed and added to the chain.
The transaction fees from the block are distributed as staking rewards to validators and delegators. Proposers get rewarded extra for their participation.
Terra LUNA chain is built with golang and is opensource. javascript, python SDK are available for client codes to query or interact with the LUNA chain. Rust and CosWASM ( Cosmos WASM ) for Smartcontracts.
Interoperability
Under Terra.Money theme Terra has developed a web of options for Stablecoins ,DeFi,and NFT. Terra has connectivity to many other L1 Chains and has a web frontend TerraBridge to send tokens across to Harmony ($ONE), BSC, Ethereum , Polygon (MATIC) among others.
The Inter-Blockchain Communication protocol (IBC) is a network of blockchains built around the Cosmos SDK. LUNA is part of the Cosmo IBC bridge and links with Crypto.com, Cosmos ($ATOM) , app based chain for the DEX Osmosis ( $OSMO)
Wormhole is a cross-chain protocol that builds bridges between chains allowing token transfers between them. It currently covers Ethereum ($ETH),Solana ($SOL), BSC Binance Smart Chain ($BNB) and now Terra ($LUNA) .
Allbridge ($ABR) token transfer across EVM and non EVM chains supporting an expanding eligible token list.
AXELAR cross chain gateway and transfer protocls for DeFi apps
Shuttle is Terra - Ethereum bridge
LayerZero is a messaging transport layer for smart contracts to communicate between chains and uses a hub -spoke arrangement rather then chain-to-chain of IBC
Kadena ($KDA) is a POW blockchain with bridges to many other chains
Terra has on chain governance which requires the holder of Luna to submit a proposal by depositing some Luna. A minimum of 512 Luna is needed for the proposal to be valid for voting. Proposal for changing any blockchain parameter is automatically implemented if the proposal is passed. Parameter changes do not need any coding changes. More complex proposals need the community to get them implemented. Terra core team may do major code changes and take the implementation ahead.
200+ apps DeFi as well as NFT/gaming.
See Defillama list. Its largest apps are Anchor $ANC (stable yield lending giving around 20% APY in 2021) , Mirror $MIR (synthetic assets) subject to a SEC suit, see link in challenges below, TerraSwap (DEX), Ozone ( $OZ) Insurance.
1 Billion Total supply of $LUNA. 40 Mill burnt and 200 M to Terra Alliance, 144 M Terra Labs, 200 M Reserves, 128-201 M to contributors, employee
Funding 175 Mill raised thru VC Pantera, Delphi Digital, Coinbase, Lightspeed, Galaxy Digital…
Promotions
Singapore based Luna Foundation Guard (LFG) . Terraform Labs and Delphi Labs are the two main incubators. popular Developer tools and SDK
https://cryptoslate.com/terra-founder-do-kwon-files-lawsuit-against-the-us-sec/
Valuing Luna by Legomakers.UST
Terra: The Moon Also Rises | The Generalist
DoKwon with Delphi Digital : Kickstarting Terra Autumn with Do Kwon
HBR Crypto and the Future of Money (with Terra’s Do Kwon)
Tweet $LUNA and @terra_money resources
Tweet thread on FinTech apps on LUNA
Transparent Terra Blockchain Explorer
Luna Foundation Guard raises $1 billion to form bitcoin reserve for UST stablecoin
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