Terra Luna’s Revival Plan
Terra Luna’s revival plan involves upgrading its current blockchain infrastructure to enhance its performance and scalability. This plan aims to improve the overall user experience and provide a more robust platform for developers to build decentralized applications (dApps).
The upgrade includes the introduction of Terra 2.0, a new blockchain infrastructure that will replace the existing Terra blockchain. The new infrastructure will offer faster transaction processing, better scalability, and increased security.
What is Luna 2.0?
Luna 2.0 is the new and improved version of Terra Luna’s native token, LUNA. The upgrade aims to improve the token’s utility and functionality by introducing new features, such as governance and staking mechanisms.
The new LUNA token will also play a significant role in Terra Luna’s ecosystem by providing collateral for the issuance of stablecoins, securing the network through staking, and participating in governance decisions.
How does LUNA Classic work?
LUNA Classic is the original version of Terra Luna’s native token, LUNA, which was launched in 2019. The token operates on the current Terra blockchain and functions as collateral for the issuance of stablecoins and staking to secure the network.
LUNA Classic holders can also participate in governance decisions by voting on proposals that aim to improve the Terra Luna ecosystem.
LUNA New Tokens on Market
Terra Luna has recently added new stablecoins to its platform, including UST (USDT equivalent), KRT (Korean Won), and MNT (Mongolian Tugrik). These stablecoins can be used for various purposes, including payment processing, remittances, and trading.
Terra 2.0 Forecast
Terra 2.0 is expected to launch in the coming months, and it’s forecasted to be a significant improvement over the current Terra blockchain. The new infrastructure is expected to provide faster transaction processing, better scalability, and increased security, which will enhance the overall user experience.
Since the new LUNA coin is still extremely volatile, it is difficult to forecast its next direction. As of November 29, 2022, algorithm-based forecasting service PricePrediction has suggested that the new coin will average $2.36 in 2023, rising to an average of $4.83 dollars in 2025 and an average of $32.54 in 2030.
The launch of Terra 2.0 is also expected to attract more developers to the platform, leading to the creation of more decentralized applications and a more vibrant ecosystem.
Conclusion
Terra Luna’s revival plan, Luna 2.0, LUNA Classic, new stablecoins, and Terra 2.0 forecast are all essential aspects of Terra Luna’s evolution. With its unique stablecoin ecosystem and upcoming blockchain infrastructure upgrade, Terra Luna is poised to become a leading blockchain platform in the world of decentralized finance (DeFi).