Terra’s Blockchain Has Officially Halted

• Published hace 6 días •

Hassan Maishera

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

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.

Author

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.

Sign up to our Newsletter

Want to read more amazign articles just like this one? Sign up to our newsletter to get them delivered to your inbox once a week!