The main difference between Luna2.0 and Luna1.0 lies in the changes in its token mechanism and blockchain structure.
Token mechanism Token name and mechanism: Luna1.0: Adopts the "LUNA-UST" dual currency system, that is, LUNA and UST algorithm stablecoins coexist. Luna2.0 (LUNA2.0): The LUNA-UST dual currency system is cancelled, and a single LUNA token model is adopted, and the UST algorithm stablecoin is no longer used. Blockchain structure Chain split: Luna1.0: The original Terra blockchain is divided into two chains, new and old. Terra 2.0 on the new chain uses the name of the LUNA token, but is not associated with the UST algorithm stablecoin. The old chain is renamed Terra Classic (the token is changed to LUNC). Luna2.0: As a new chain, it no longer supports forks and does not share history with Terra Classic. User impact Airdrop compensation: Luna2.0 provides airdrop compensation for holders of UST and LUNC. This is equivalent to a certain compensation for holders before May 7, but for holders after May 7, the situation is not optimistic.
Exchange support
Exchange support:
Luna 2.0 has been supported by mainstream exchanges such as HitBTC, which are ready to replace Terra Classic's old chain with the new Terra 2.0 chain.
Binance has also announced that it will work closely with Terra, which shows that Luna 2.0 has been recognized and supported by mainstream exchanges.
These changes show that Luna 2.0 has made major adjustments to the token mechanism and blockchain structure, aiming to rebuild and enhance the stability of the project and user trust through new mechanisms.
