Korean online shoppers take blockchain mainstream

Terra, the company building the next-generation blockchain payments network, is powering a recently-launched mobile payments app called CHAI that allows anyone with a bank account to pay online using blockchain technology. Currently available on two major eCommerce platforms including household name TMON, the payments app is enabling widespread adoption of Terra’s blockchain technology by the customers of some of Korea’s biggest online platforms.   The blockchain industry has always struggled with driving mass adoption. However, Terra is living proof that given the proper infrastructure and UX design, penetrating a mainstream…

Read More

Terra partners with Nexo to grow the crypto lending and savings markets across Asia

Singapore — July 1, 2019 — Terra, the project building the next-generation payment system on the blockchain, announces today a strategic partnership with Nexo, the leading cryptocurrency lending platform, to offer new decentralized financial products and expand the crypto lending and savings market across the fast-growing Asian markets.   The collaboration between Terra and Nexo focuses on two new product offerings: Adding Terra as the latest collateral option for Nexo’s instant credit lines: Eliminating the need for cumbersome credit checks, Nexo will offer users the ability to obtain an instant…

Read More

CertiK successfully completes full security audit of the Terra protocol

  SINGAPORE, May 2019 – CertiK, a leading smart contract and blockchain audit company, announces today that it has completed a formal security audit of Terra, the company that has designed an algorithmic stablecoin to power the next-generation payment system on the blockchain. Terra’s mainnet, which went live in April, is a Delegated Proof-of-Stake (DPos) system that utilizes the Cosmos SDK and Tendermint Consensus Engine.   The rigorous audit of Terra’s protocol and public blockchain was conducted by experienced economists, security researchers, and security engineers from CertiK. CertiK performed a…

Read More