Whitepaper
Terra is a public proof-of-stake blockchain. Its participants use wallets to hold assets and sign transactions, validators to help produce blocks, and governance to take part in network decisions.
A shared ledger
Transactions and application activity are recorded on a public ledger. Applications interact with the network through smart contracts, while the network rules determine how transactions are ordered and settled.
Validators and delegation
Validators operate infrastructure that participates in consensus. Token holders can delegate stake to validators, helping secure the network while retaining control of their wallet. Delegation carries risk, so validator performance and current network rules matter.
Governance
Governance proposals are a way for stakeholders to express a view on network changes. Voting power is connected to staked assets, and a direct vote can differ from a validator’s vote.
Using the network
A wallet signs actions such as sending assets, using an application, staking or voting. Review the network, destination and transaction details before confirming an action.