Terra Temporarily Halts Blockchain As LUNA Hyperinflates and Implodes 99% in One Day

Terra temporarily halted its blockchain as its native asset LUNA suffered through extreme hyperinflation and price collapse. The embattled algorithmic stablecoin protocol halted the blockchain on Thursday in order to prevent governance attacks because LUNA’s inflation significantly reduced the cost of an exploit. Terra resumed block production around 11 a.m. PT. LUNA’s circulating supply skyrocketed […]The post Terra Temporarily Halts Blockchain As LUNA Hyperinflates and Implodes 99% in One Day appeared first on The Daily Hodl.