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Terra’s Shuttle Experiences Network congestion

Twitter icon  •  Published 3년 전 on May 10, 2022  •  Hassan Maishera

The Terra team told its community via a tweet on Monday that its Shuttle is not down.

Terra’s Shuttle Experiences Network congestion

The Terra team told its community via a tweet on Monday that its Shuttle is not down. Rather,  the Terra network was experiencing some broadcast delays per network congestion. Shuttle is a Terra-Ethereum bridge and allows Terra assets to be sent between Terra and Ethereum networks. 

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 55% in the last 24 hours and is trading at $31.25 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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