What is the purpose of Terra?
The purpose of Terra is to create a stable, global currency that can be used for payments and commerce.
The project seeks to provide a decentralized, open-source platform for the creation of a new digital currency, called Terra. This currency will be backed by a basket of fiat currencies and other assets, and will be designed to maintain its value over time. The goal of the project is to create an efficient, low-cost payment system that can be used for both online and offline transactions.
The project also seeks to provide an alternative to traditional banking systems by providing users with access to secure, low-cost financial services. Additionally, Terra aims to provide users with access to a wide range of financial products and services such as loans, investments, savings accounts, insurance products, and more. The project also seeks to promote economic development in developing countries by providing access to capital markets and financial services that are not currently available in those countries.
Finally, Terra seeks to create an open platform for developers who want to build applications on top of the blockchain technology.
