36 Terra Blockchain Halted To ‘Prevent Attacks’ After Luna Token Crashes Nearly 100% Overnight (www.forbes.com) posted 2 years ago by ashlanddog 2 years ago by ashlanddog +36 / -0 2 comments share 2 comments share save hide report block hide replies
Terra was a known 100% ponzi coin that everyone knew would collapse at some point.
And yes, PoS networks with centralized validators that can decide to just halt the blockchain are not true blockchains.. (imo).
It was a flawed crypto. Look at its market cap here: https://coinmarketcap.com/currencies/terra-luna/
It was pegged to its own self licking ice cream cone stable coin. It was diluted to oblivion and turned the crypto into a totally worthless piece of garbage. Whoever developed this was an idiot.