Terra (LUNA) is a blockchain protocol created to develop stable cryptocurrencies and a transparent financial infrastructure, focused on payments and smart contracts. Its key goal is to replace payment chains that include banks, payment gateways and credit card networks.
TerraUSD (or UST) is a decentralized, scalable, interest-bearing, and algorithmic stablecoin offering a wide range of features. In particular, it is famous for its predominantly infinitely scalable monetary policy. The stablecoin has grown into its role as the ultimately scalable stablecoin since its launch in 2020. With a surging demand in stablecoins, it was clear that most of them are not genuinely scalable. Therefore, there was a need for a stablecoin like TerraUSD.
Saito (SAITO) is a layer one blockchain that pays nodes in the P2P network instead of miners or stakers, delivering a permissionless and scalable network capable of powering decentralized versions of Twitter, Facebook and Amazon without the need for predatory monopolies in the network layer.
Wax (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved.
Fantom (FTM) is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
Avalanche (AVAX) is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.