Javier Mendonça 🌖
Javier Mendonça 🌖

@javiermendonca

11 تغريدة 31 قراءة Mar 09, 2022
Why am I learning smart contract development on #Terra? 🌕
#Ethereum is the smart contract blockchain with the highest Total Value Locked (TVL) at $114.42b at the time of this writing, so why not focus there? 🧵
Let's take a look 👇
Terra stablecoin $UST
As @stablekwon said, decentralized finance needs decentralized money, and that's what UST offers.
UST is an algorithmic stablecoin on the Terra blockchain, which maintains its peg to the value of the US dollar with the help of $LUNA.
Terra TVL is top 2 at $25.74b and the number is just increasing constantly.
The demand for UST is going up, not only on the terra blockchain but in other chains like Ethereum, Avalanche and so on.
It was recently announced Aave is supporting UST 👀
The pace of innovation of Terra is just astonishing 🚀
There are hundreds of dapps blossoming, being built by the smartest brains in the world.
Devs at Terra are not copying DeFi from Ethereum but building unique stuff!
It's hard to keep track of everything going on.
Terra is a relatively new blockchain and there's not much built yet, the opportunities are endless!
Besides, the #LUNAtics community is probably one of the most vibrant in crypto 🔥
Terra scales well today, processing around 5k transactions per second.
It also offers inter-blockchain communication (IBC), which enables you to transfer tokens on Terra to other cosmos-based blockchains such as @cosmos or @osmosis with ease, natively.
There are bridges that allow you to send assets like UST to major chains like Ethereum, Binance Smart Chain, Avalanche, Fantom, Solana, Polygon.
bridge.terra.money
portalbridge.com
Terra does not compete but helps other blockchains create decentralized economies 🤝
Learning Terra means you are learning @CosmWasm, which means you can develop on other cosmos-based chains, even though Terra has a set of unique features.
You learn @rustlang. Rust is a multi-paradigm, general-purpose programming language designed for performance and safety, especially safe concurrency which makes it great for blockchain applications.
It's a powerful language to know also used to write smart contracts on @solana.
In short, Terra is an amazing blockchain to build the future of finance on top of.
It's attracting the best people for a good reason and it's growing at a rapid rate.
We are so early it's ridiculous. If you start today you will be a pioneer ⭐
If you find this kind of threads useful and you want to know about my journey in Web3 make sure to follow me @javiermendonca, I'll be sharing everything I learn on Terra and other #Web3 technologies.

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