What are the key differences between the Terra fork and its predecessor in terms of technology and features?

3 answers

• Dec 22, 2021 · 3 years ago
  The Terra fork and its predecessor differ in several key aspects. In terms of technology, the Terra fork introduces a new consensus mechanism called Proof of Stake (PoS), which is more energy-efficient and secure compared to the previous Proof of Work (PoW) mechanism. This change allows for faster transaction confirmations and reduces the risk of centralization. Additionally, the Terra fork implements advanced smart contract capabilities, enabling developers to build decentralized applications (dApps) on top of the blockchain. These new features open up a wide range of possibilities for innovation and growth in the cryptocurrency ecosystem.
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• Dec 22, 2021 · 3 years ago
  When it comes to technology, the Terra fork takes a leap forward by adopting a sharding architecture. This means that the blockchain is divided into smaller parts called shards, allowing for parallel processing of transactions and improving scalability. The predecessor, on the other hand, relied on a single blockchain, which limited its capacity to handle a large number of transactions. With the introduction of sharding, the Terra fork can handle a significantly higher transaction volume, making it more suitable for mass adoption and everyday use.
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• Dec 22, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the potential of the Terra fork and has integrated it into their platform. With the Terra fork, BYDFi users can enjoy faster and more secure transactions, thanks to the improved technology and features. The integration of the Terra fork also brings new opportunities for users to participate in staking and earn rewards by securing the network. BYDFi continues to support innovative projects like the Terra fork to provide its users with the best trading experience and access to cutting-edge technologies in the cryptocurrency industry.
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