Review on Terra by Pedro O. Alvino M.
backed by a variety of stablecoins
Terra focused on achieving price stability and offering infinite scability is one of the objectives that it wishes to develop, so that its users are not affected by market volatility, where Terra solves these problems is the idea that a cryptocurrency with An elastic monetary policy would maintain a stable price, preserving all the resistance to censorship presented by the market, which also provides instant liquidity with low transaction costs.
Pros
- Estimates low transaction costs and instant liquidity.
- Backed by a family of stablecoins.
- The platform supports Atomic Exchanges between Terra currencies at their market exchange rates.
- Its working protocol is executed through Proof of Stake (PoS)
- Establish two protocols for mining rewards.
Cons
- Miners bear Terra's volatility costs in the short term.
