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Citiraj:
Terraform restarts Blockchain behind UST Stablecoin, Luna
Citiraj:
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Terraform Labs restarted the Terra blockchain following a software update to help avoid attacks against the network in the wake of the collapse of its algorithmic stablecoin and the related Luna token that had roiled cryptocurrency markets. The fix is designed to help avoid so-called governance attacks against its protocol -- a way of manipulating the fundamentals of a given blockchain by acquiring enough tokens to force a majority vote. The halt meant that no transactions occurred on Terra’s blockchain while the system was shut down, forcing the price of its two tokens to stop moving.
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