Vitalik Buterin, Changpeng Zhao, and Sandeep Nailwal have expressed their views on the Terra Luna crash and Do Kwon’s recovery plan.
Terra Luna, the volatile cryptocurrency of the Terra ecosystem, was wiped out after crashing 100 per cent in the past week after the TerraUSD de-pegging fiasco. And crypto big shots like Vitalik Buterin, Changpeng Zhao, Sandeep Nailwal and Billy Markus have expressed their views on the matter.
Vitalik bashes algorithmic stablecoins
Vitalik Buterin, the founder of Ethereum, the largest blockchain network, took to Twitter to express his views on algorithmic sytablecoins. He called out ‘algostable’ as a propaganda term and bashed uncollateralised stablecoins.
Sandeep Nailwal offers help to Terra blockchain projects
Sandeep Nailwal, the Indian origin founder of the Polygon, the Ethereum scaling solution, offered help to Terra blockchain project to seamlessly migrate on the Polygon network. Nailwal tweeted
Changpeng Zhao not very excited about Hardfork Changpeng Zhao, the founder of Binance, the largest crypto exchange by trading volumes in the globe, expressed his views on Twitter as to why a Hardfork (in simple words, permanent divergence from the previous version of the blockchain) of the Terra network would not be beneficial.