New Luna can become a 'ghost blockchain'

 Experts say that Luna 2.0 will exist "like a ghost" due to its poor applicability, not being different

The new Luna is then listed on exchanges with high volatility. Binance exchange also listed this digital currency in the "Innovation Zone" - where the tokens are especially risky to invest, and warned users to be cautious.

In the revival plan, Kwon did not mention any stablecoins. This is in contrast to the early Terra ecosystem, when the Luna project governance token was always tied to the UST.

“The new Terra blockchain will have a hard time attracting users,” said Malekan. "In the first version, Terra attracted thanks to Anchor Protocol, a lending and borrowing application that supports interest rates up to 20% per year, regardless of the deposit. Besides, another big attraction is UST. advertised as completely decentralized without reliance on traditional banks".

According to him, the new Terra blockchain currently lacks both a lending feature with double-digit interest rates as well as being tied to a stable digital currency. "Luna 2.0 is now like many other cryptocurrencies, with no appeal to everyone. That's the problem," Malekan emphasized.

According to this expert, the phenomenon of "ghost blockchain" has happened before, as with Litecoin. In its early stages, Litecoin was a thriving project that was judged to be able to compete fairly with Bitcoin's blockchain. However, according to CryptoFees data dated June 3, the system-wide transaction fee is less than $1,000 – a very low level. This is a fee that is collected whenever a user transacts on the blockchain and is a good measure of how well the blockchain is being used.
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