Luna, the native digital token of the Blockchain Terrait was created in January 2018 and has quickly become one of the most popular Altcoins, especially among Argentines, who have had to look for options in the face of financial instability faced by their country for several decades.
To understand Luna it is necessary to talk about Terra, the Blockchain network established through the SDK Cosmos software and has the characteristic The creation of the callcoin calls That, as their name says, they are cryptocurrencies that seek stability through a link with legal currencies, commodities, among others, that “eliminate the volatility that characterizes digital assets.
Terra It seeks to eliminate the scenarios where a virtual currency can face up and down in the blink of an eyeas with the Bitcoin, to achieve mass adoption and that this currency can be used in decentralized transactions and institutions.
In this panorama, Terra seeks that moon users can make purchases with their Electronic purses And those who receive payments may have an automatic change to another currency, such as the dollar or the peso with rates less than one percent.
The price of terra cryptocurrency for this day at 11:00 hours (UTC) is 0.17732 dollars. This means that the digital currency recorded A change of -4.81% On the last day, as well as a movement of -1.92% in the last hour.
Due to its capitalization level, this digital currency occupies the position #296 among the most popular.
Digital currencies were born in 2008 as an alternative to the devaluation of several currencies as a result of the economic crisis of that year.
The first digital asset created was the bitcoin And over time others arose like litecoin, ethereum, bitcoin, cash, ripple, dogecoinsome of the most popular.
Cryptocurrencies work through a cryptographic encryption that guarantees the safety of transactions, as well as the control of the creation of their currencies .
To make transactions, Cryptocurrencies use a decentralized database, blockchain or shared accounting record.
It is worth mentioning that cryptocurrencies are digital currencies that do not exist physically and, unlike currencies such as the dollar, the euro or the peso, are not regulated by any institution and do not need intermediaries in the transactions.
The latter has caused that cryptocurrencies are not seen with good eyes for the formal market accusing them of being unchanging, volatile, promoting fraud, not having a legal framework that supports its users, allowing the operation of illegal activities, among others.
Even so, little by little the step to such a degree has been opened that companies, millionaires and even states have encouraged or legalized their use.
One of the richest men in the world, Elon Musk, has made comments in favor of virtual currencies such as Bitcoin and Dogecoin, temporarily allowing its use in the Tesla electric car company, which triggered, at the time, the increase in its value.
