{"id":5200,"date":"2022-03-05T22:13:20","date_gmt":"2022-03-05T22:13:20","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/terra-whitepaper\/"},"modified":"2022-03-05T22:13:21","modified_gmt":"2022-03-05T22:13:21","slug":"terra-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/terra-whitepaper\/","title":{"rendered":"Terra Whitepaper"},"content":{"rendered":"<div id=\"post-13167\">\n<div class=\"entry-content\" readability=\"43.609680741504\">\n<p>While many see the benefits of a price-stable cryptocurrency that combines the best of both fiat and Bitcoin, not many have a clear plan for the adoption of such a currency. Since the value of a currency as a medium of exchange is mainly driven by its network effects, a successful new digital currency needs to maximize adoption in order to become useful. We propose a cryptocurrency, Terra, which is both price-stable and growth-driven. It achieves price-stability via an elastic money supply, enabled by stable mining incentives. It also uses seigniorage created by its minting operations as transaction stimulus, thereby facilitating adoption. There is demand for a decentralized, price-stable money protocol in both fiat and blockchain economies. If such a protocol succeeds, then it will have a significant impact as the best use case for cryptocurrencies.<\/p>\n<p> <a href=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2019\/08\/Terra_White_paper.pdf\" class=\"pdfemb-viewer\" data-width=\"max\" data-height=\"max\" data-toolbar=\"bottom\" data-toolbar-fixed=\"on\">Terra_White_paper<br \/><\/a><\/p>\n<p><strong>Buy this token on Binance with our <a href=\"https:\/\/www.binance.com\/en\/register?ref=Z77JMMWN\">referral link<\/a> &#038; get a 10% discount on your trading fees!<\/strong><\/p>\n<p><a href=\"https:\/\/www.binance.com\/en\/register?ref=Z77JMMWN\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter size-medium wp-image-20207\" src=\"\" data-src=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-300x169.png\" alt=\"\" width=\"300\" height=\"169\" data-srcset=\"https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-300x169.png 300w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-1024x576.png 1024w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-768x432.png 768w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance-1536x864.png 1536w, https:\/\/www.allcryptowhitepapers.com\/wp-content\/uploads\/2018\/05\/binance.png 1600w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"><\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While many see the benefits of a price-stable cryptocurrency that combines the best of both fiat and Bitcoin, not many have a clear plan for the adoption of such a currency. Since the value of a currency as a medium of exchange is mainly driven by its network effects, a successful new digital currency needs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5201,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/5200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=5200"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/5200\/revisions"}],"predecessor-version":[{"id":5202,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/5200\/revisions\/5202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media\/5201"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=5200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=5200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=5200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}