Terra is a blockchain for creating algorithmic stablecoins. It's native token Luna is pivotal for the functioning of the blockchain. Luna is burned to mint new UST tokens.
Solana's token economics started out as inflationary at a rate of 8%. To keep this in check there are several deflationary forces, like dis-inflation rate of 15% that reduces the inflation based on a predetermined schedule.
What is Solana? A basic overview of Solana, including a conceptual understanding of how it works and the drawbacks of solana are discussed in this post.
From November 7th to November 14th 2021, all posts on CoinMatter will be about Solana. Be it the history, the tech powering Solana, or the NFT projects on it, Solana is the flavour of the week.