Hedera (HBAR) vs Terra Luna Classic (LUNC): A Comparison and Review
Hedera (HBAR)
- Symbol: HBAR
- Name: Hedera
- Asset Platform ID: Not specified
- Categories: Protocol, Smart Contract Platform, Layer 1 (L1)
- Market Cap Rank: 31
- Price Change Percentage (30D): 31%
Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.
The Hedera Consensus Service (HCS) acts as a trust layer for any application or permissioned network and allows for the creation of an immutable and verifiable log of messages. Application messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. Use HCS to track assets across a supply chain, create auditable logs of events in an advertising platform, or even use it as a decentralized ordering service.
Terra Luna Classic (LUNC)
- Symbol: LUNC
- Name: Terra Luna Classic
- Asset Platform ID: Not specified
- Categories: Smart Contract Platform, Decentralized Finance (DeFi), Cosmos Ecosystem, Terra Ecosystem, Fantom Ecosystem
- Market Cap Rank: 97
- Price Change Percentage (30D): -27.57%
Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Luna is the reserve currency of the Terra platform. It has three core functions: i) mine Terra transactions through staking, ii) ensure the price stability of Terra stablecoins, and iii) provide incentives for the platform's blockchain validators.