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Terra’s Blockchain Has Officially Halted

Twitter icon  •  Published 3 years ago on May 13, 2022  •  Hassan Maishera

The Terra team told its community via a tweet on Friday that the Terra blockchain has officially halted at block 7607789.

Terra’s Blockchain Has Officially Halted

The Terra team told its community via a tweet on Friday that the Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up with a plan to reconstitute it. The team said it will provide further updates soon. 

Terra is an algorithmic stablecoin platform operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint. LUNA, the native token of the Terra ecosystem, is down by more than 99% in the last 24 hours and is trading at $0.000062 at press time. 

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Author

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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