Terra Temporarily Halts Blockchain As LUNA Hyperinflates and Implodes 99% in One Day
May 12 2022 - 6:01PM
The Daily Hodl
Terra temporarily halted its blockchain as its native asset LUNA
suffered through extreme hyperinflation and price collapse. The
embattled algorithmic stablecoin protocol halted the blockchain on
Thursday in order to prevent governance attacks because LUNA’s
inflation significantly reduced the cost of an exploit. Terra
resumed block production around 11 a.m. PT. LUNA’s circulating
supply skyrocketed […]
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Terra Temporarily Halts Blockchain As LUNA Hyperinflates and
Implodes 99% in One Day appeared first on The Daily Hodl.
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As LUNA Hyperinflates and Implodes 99% in One Day
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Terra Temporarily Halts Blockchain As LUNA
Hyperinflates and Implodes 99% in One Day appeared first on
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