What is the principle on which blockchain technology is based on?
It enables the information to be distributed among the users without being copied.
Category:
Crypo
What is the difference between Bitcoin blockchain and Ethereum blockchain?
by Mr. DJ
written by Mr. DJ
What is the difference between Bitcoin blockchain and Ethereum blockchain?
| Topics | Bitcoin | Ethereum |
| Concept | Digital Currency | Smart Contracts |
| Founder | Satoshi Nakamoto | Vitalik Buterin |
| Release Method | Genesis Block Mined | Presale |
| Cryptocurrency Used | Bitcoin(Satoshi) | Ether |
| Algorithm | SHA-256 | Ethash |
| Blocks Time | 10 Minutes | 12-14 Seconds |
| Scalable | Not yet | Yes |
What do you know about Blockchain?
The blockchain is a decentralized distributed database of immutable records. The technology was discovered with the invention of Bitcoins(the first cryptocurrency). It’s a trusted approach and there are a lot of companies in the present scenario which are using it. As everything is secure, and because it’s an open-source approach, it can easily be trusted in the long run.
How new Luna will be distributed?
The new Terra blockchain will start running a coin under the existing Luna name and ticker, and won’t include the UST stablecoin. The new Luna will be distributed to previous holders of Luna and UST in a so-called air drop on Thursday.
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What will happen to existing Luna coin?
It’s going to create a new blockchain called Terra, with the existing chain being renamed to Terra Classic. The new Terra will produce luna coins, and existing luna will turn into luna classic. New luna coins will be minted and distributed to those who lost money in the TerraUSD/luna crash.
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What happens to old Luna tokens?
The old Luna will be replaced by Luna 2.0, completely severing ties with the failed stablecoin. But the old Luna will not disappear completely, it will simply co-exist with the new and improved Luna 2.0. Holders of the old Luna, now renamed Classic, and UST will be given part of the 1 billion new tokens.
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What time will LUNA 2.0 launch?
Is Terra and Luna the same?
The old blockchain will be called Terra Classic (LUNC) and the new blockchain will be called Terra (LUNA), the company tweeted. The Luna token is new and should not be confused with the old one under the same exact name (confusing, I know.)
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How can I buy Luna in USA?
we explore how to invest in Terra Luna, step-by-step:
- Choose a US crypto exchange that listed Terra LUNA
- Sign up and verify your crypto trading account
- Deposit with a credit card or another supported method
- Finally, Buy LUNA Coins
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What is Terra 2. 0?
According to the proposal, Terraform Labs would deploy a new blockchain called Terra 2.0, with the older collapsed blockchain continuing to exist as “Terra Classic”. The relaunched Terra ecosystem will not include the UST stablecoin.
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