After almost a year of hard work, on January 16 2019, ContractLand’s core development team has announced that Terra-Chain mainnet and Terra-Bridge are officially live now! Terra-chain is world’s first high performing application specific blockchain. Now you can experience almost instant cross-chain transfer on a pure decentralized platform in a pure decentralized method.
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ContractLand is always trying hard to follow our roadmap since the beginning. Here’s a brief review for some great milestone delivered by our development team.
June 15th 2018: Successfully deployed cross-chain transfer using Terra-Bridge between Ethereum and Terra testnet DEX
Aug 24th 2018: Created Terra-chain testnet, linked Terra-bridge between Ethereum testnet and Terra testnet
Nov 6th 2018: Launched Alpha Test Bounty
Terra-Chain
Terra Chain is designed with scalability in mind to support critical mass. It does not implement any inherent functionalities, and offloads the application specific logics to the application layer. Unlike existing blockchains such as Ethereum or EOS, ContractLand’s blockchain does not allow arbitrary logic execution, but will be dedicated to a single application domain. Terra Chain is running with PoA consensus, and currently can handle over 3000 TPS. Another exciting feature of Terra-chain is that A DEX built using Terra-chain can have the entirety of the exchange system built on-chain. In other words, it even has an on-chain order matching protocol built in. A pure DEX built this way could provide stronger security guarantee, stronger censorship resistance, and minimize centralized operational risks.
Terra-Bridge
The bridge provides the ability to perform interchain communication in a multi-chain ecosystem. This is a critical component of the framework as it not only allows individual app-chains to communicate with each other, it also opens up the ability for them to communicate with other existing blockchain networks. Terra-Bridge does not only allow end user to make cross-chain transfer over all the evm based chains, but also allow user to transfer bitcoin freely to Ethereum. More importantly, Terra-Bridge itself is also a decentralized system, which is completely independent from Terra-Chain. Terra-Bridge is also operation on PoA consensus. Utilizing the bridge, the DEX would open up assets available for trading to all existing blockchain systems instead of being limited to only assets available on the chain the DEX was deployed under.
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Topic: [ANN] [ContractLand] _Launches Terra-Chain and Terra-Bridge (Read 138 times)
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