Market Analysis Report (22 Jun 2021) PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Market Analysis Report (22 Jun 2021)

Market Analysis Report (22 Jun 2021) PlatoBlockchain Data Intelligence. Vertical Search. Ai.

The Terra ecosystem has become a standout crypto project. Since its debut last year, it has launched several new projects and tokens, including Mirror and Anchor. There’s also decentralized exchange Terraswap, along with offerings like payments-focused Pylon Protocol, the “bank of the future” Mars Protocol, and more.

The ecosystem map is divided into four categories. These categories are based on the four types of operations that members of the ecosystem provide: Core Functionality, Applications, Governance, and Swaps and Exchanges.

These four categories are organized around a central node: Terra Chain Operation. This includes LUNA, the native staking token for Terra, as well as other native Stablecoins pegged against various global currencies.

Chain Operation can be divided into two groups: delegated proof of stake details, and basic transfers and transactions.

Terra is secured by Delegated Proof of Stake validation. This calls for Delegators to stake LUNA to Validators, and earn rewards across all native Terra currencies. Delegated proof of stake details, which are represented by a daily reward summary, refers to these rewards.

Source: https://www.cryptocompare.com/email-updates/daily/2021/jun/22/

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