Despite being relatively new, the MOON is one of the virtual coins faster has gained users due to its model that seeks to be less volatile in the market
MOON, the digital currency native to the blockchain terra, was launched in January 2018 and has rapidly come to be one of the most famous altcoins, especially among Argentines, who have had to look for options to the financial instability faced by your country for several decades.
To understand the MOON it is necessary to speak of terra, the network of blockchain established through the software Cosmos SDK, and that you have as a featurethe creation of the callsstablecoins, as the name suggests, are cryptocurrencies who seek stability through a link with legal forex,commodities, among others, which are “rolled back” of the volatility that characterizes the digital assets.
earthseeks to eliminate scenarios where a cryptocurrency may have ups and downs in a blink of an eye, as it happens with bitcoin, in order to achieve mass adoption, and that this currency can be used in transactions and decentralized institutions.
In this scenario, terra intends that the users of MOON can make purchases with theire-walletsand those who receive the payments may have an automatic change to another currency, like the dollar or the weight with lower rates to one percent.
However, it is also the case of tether, another cryptocurrency that is based onstablecoins, had to pay a debt of $41 billion for misleading sti users to the point that I had backed up all of your coins when in reality I had only secured 10% of them.
To anchor thestablecoinearth,the creator must convert it to a value of fiat MOON, that is to say, by the value of a euro, a dollar, a weight, a pound, depending on where they make financial transactions.When the value does not match it encourages users to stabilize the price either by burning or by creating cryptocurrencies, users can also earn rewards when you makestake, that is to say, buying or storing assets.
Cost of the cryptocurrency terra
- Time:16:05 p. m. (UTC)
- Value: 2.4328172 dollars
- Change in the last 24 hours:-1.69%
- Change in last hour: -0.1%
- Popularity capitalization: #108
What is a cryptocurrency
virtual currency is a digital mediumof exchange that does not physically exist and that uses an encryption cryptography to ensure integrity in their operations, while maintaining control in the creation of their new drives.
The bitcoin was the first to be released to the market and then followed by others who also have had great importance such aslitecoin, ethereum, IOTA, tether, cash, ripple, decentraland, even one born of memes as dogecoin.
cryptocurrencieshave different characteristics that make them unique: not being regulated by any institution; does not require intermediaries in the transactions; andalmost always use block accountants (blockchain)to avoid creating new illegal cryptocurrencies or transactions already made to be modified.
However, when you do not have regulators, as well as a central bank or similar entities are pointsnot to be trusted, to be volatile, to promote scams, it does not have a legal framework that supports stis users, allowing the operation of illegal activities, among other things.
Although it might be a paradox, in turn cryptocurrencies ensure the safety of their miners on the network in which it is placed (fabric) and that implies the management of codes; the break this security is possible, but difficult, because who would attempt would require a computational power even greater than the one who has the ownGoogle.
how to buy
To buy them and trade them you canthrough specialized portals.Sti value varies as a function of supply, demand and commitment to the miners, so that you can change more quickly than the traditional money, but while more people to be interested and want to buy a certaincurrencies, the greater will be sti value.
However, those who invest in this type of digital currencies must be very clear that this waybrings with it a high risk to the capital, because, as there may be an increase, you may also have unexpectedly collapse and end up with the savings of its users.
To store, users must have awallet or digital wallet, which in reality is a software through which you can save, send, and make cryptocurrency transactions.In reality, this type of purses saves only the keys that mark the property and the right of a person over a certain cryptocurrency, so that these codes are the ones that actually need to be protected.
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