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As a substitute of utterly changing the original LUNA, LUNA 2.0 will simply coexist with it. Builders will begin making DApps and giving the new token value, and any DApps that were initially created for Terra Luna will be given preference for LUNA 2.0. Nonetheless, a reliable cryptocurrency based mostly on algorithms is missing in other words no algorithmic stablecoin.
Why did Fb desire a cryptocurrency?
Diem wasn't really Fb's cryptocurrency. It was a undertaking of the Diem Association, which Facebook originally co-based because the Libra Association. The association would've served as its financial authority. The venture was designed to "empower billions of people," and organizers cited 1.7 billion adults without bank accounts who would've been able to make use of the currency.