Gain instantaneous access to Terra Classic (LUNC) nodes and Block explorers. Get the API key and start exploring the opportunities available to you.
Terra Classic (LUNC) is essentially the original Terra Luna coin that was left behind, which occurred after the launch of a new Terra chain, as a direct result of the Terra (LUNA) and TerraUSD (UST) collapse.
This is essentially a hard fork, which is a split in a blockchain that creates two separate networks. Do Kwon, who is the Chief Executive Officer of TerraForm Labs, urged the hard fork on Terra (LUNA) with the main goal of reviving the network. UST was disregarded within the ecosystem, and Terra will no longer include any UST or other algorithmic stablecoin components.
Despite the existence of many other cryptocurrencies, Terra Classic has a lot of advantages and here are just a couple of them.
LUNC is the Terra Protocol’s native staking token which is also used as a means of absorbing the price volatility of the Terra stablecoins.
LUNC staking rewards are generated from the transaction fees that occur on top of the network. However, cryptocurrency is also utilized for the governance of the blockchain.
Terra Classic (LUNC) is the original token that was associated with the algorithmic stablecoin TerraUSD (UST) that was launched in 2018 on top of the Terra blockchain, and Terra (LUNA) was rebranded to Terra Classic (LUNC), while the project was revived in Terra V2 (LUNA).
While Terra (LUNA) was at its prime, before the crash of its value, there were a plethora of different decentralized applications (dApps) and smart contracts built on top of it, all of which leveraged its unique functionality.
Terra Classic (LUNC) essentially carries on this network and is aimed at providing users and developers with the opportunity to still build on top of the network if they desire to do so.
What this means is that it is an active and relevant network to this day, and if it has piqued interest in developers leveraging the power of the NOWNodes blockchain-as-a-service provider, they can access LUNC nodes with ease.
By doing so, they can gain access to data surrounding the hashrate, difficulty, block height, wallet addresses, transaction data, balance history tickers list, or anything else that they might need.
In order for a user to access the node, all they have to do is visit the official NOWNodes website, after which they can click on the "GET FREE API KEY” in order to begin the overall process.
Once they have gained access to the key, all that is required from them is to head over to the official documentation page, where they will be able to go over all of the codes and commands that they need to know in order to establish a secure connection. Each user can essentially find the full node list here.
The NOWNodes node explorer is trusted by Vision, Hybrix, PointPay, Spatium, and others.
By gaining access to the Terra Classic (LUNC) block explorer, users will be able to sync with the network, through which they will access an explorer that is fully maintained as well as managed by NOWNodes.
What this means is that they can put their focus on the development of smart contracts, decentralized applications (dApps), or anything else, while NOWNodes maintains the block explorer with an uptime of 99.95%, which can be connected to an RPC connection.
