🌑 Why was there a separation between $LUNA and $LUNC ?
Both originated from the same original project called Terra, which used an algorithmic stablecoin called UST. In 2022, this system collapsed: UST lost its peg to the dollar, causing hyperinflation in the LUNA token. To try to save the ecosystem, developers created a new blockchain called Terra 2.0, with a new token called LUNA. The original blockchain was maintained by the community and became known as Terra Classic, with the token renamed to LUNC.
🔧 Technical fundamentals of #LUNA (Terra 2.0)
- Focuses on rebuilding the ecosystem without algorithmic stablecoins.
- Maintains the structure of smart contracts and validation through staking.
- It is managed by developers linked to Terraform Labs.
- Seeks to attract projects #defi and dApps with a focus on usability and security.
🔥 Technical fundamentals of LUNC (Terra Classic)
- Inherited the original architecture based on Cosmos SDK and Tendermint.
- It is maintained by a decentralized community, without control from Terraform Labs.
- Implemented token burn mechanisms to reduce supply.
- Governance is done through on-chain voting, with proposals from the community itself.
🚀 Scalability of both projects
Both use consensus mechanisms that allow high speed and low cost in transactions. The difference lies in the approach: LUNA seeks innovation with new projects and partnerships, while #LUNC✅ tries to recover value and trust through deflation and community engagement.
