Terra Classic (LUNC) is the name given to the minus blockchain as a result of the fork of the Terra blockchain in May 2022. Terra is a decentralized blockchain protocol that allows blockchain users to create stablecoins. The Terra Classic blockchain allowed its users to instantly create, accumulate, buy, sell or exchange Terra Classic stablecoins.

The Terra Classic (LUNC) protocol is a protocol created to create stablecoins indexed to fiat currencies in the cryptocurrency world. By taking advantage of Terra Classic's blockchain infrastructure, you can quickly and bilaterally create stable cryptocurrencies through smart contracts or convert your existing stable cryptocurrencies into assets equivalent to USD.

Delegated Proof-of-Stake (DPoS) algorithm is used as the consensus mechanism in the Terra Classic (LUNC) network. This is a more efficient and democratic version of the Proof-of-Stake (PoS) mechanism.