Review on Terra by José A Rodríguez

Name: Terra
Item: Terra
Rating: 4

November 06, 2020

A Blockchain with Practical Usability for Payments and Trading

What users and investors of cryptocurrencies need is something that can be programmed by both the internet and the banking options, but always offering them the chance of owning their part in the process. In the case of Terra, this can be easily done since these payments and exchange network is designed with good features to propose a cheaper way of trading. 
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It provides different channels of trading for lots of cryptocurrencies, but it also brings control to the fiat money backed in banks. Here, users can have control of their payments even if they are global. It does not matter the coin because the system works with Dollar, Euros, and Yuan. At least the most globally commercial coins are admitted. 
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The interesting fact of this blockchain is that it works with good partners. In the beginning, the process of the network is connected to the Luna coin. The protocols, on the other hand, work by order of the Anchor chain. By receiving this support, users can even gain some rewards since the admission of them was expressed in the whitepaper. 
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Terra is, besides, a project available in some of the most attractive, active, and substantial blockchains including the Ethereum network. This is a support of a mutual cause, and in the end, the project will have the necessary scalability. 
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Personally, the project has an ideal point to consider and invest in. I could say it is a great option to start with.
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Pros

Represented and supported by the leaders' blockchains in global trading, e-commerce, and scalability. It includes a brilliant live partnership with the Ethereum network.
It has low volatility. It is most of the time in green, which is a good reason to invest in it.
It has great support for the protocols that protect the platform.
It is specially used for the effectiveness of the payment apps it provides. They are free options with constant benefits.

Cons