core VS solana

Website: terra.money

TerraUSD (UST) was launched in 2020. Like NuBits and other seigniorage algorithmic stablecoins, UST sought to peg one token by moving volatility to a separate token, in this case LUNA, which was also the native token of the Terra blockchain. Users could swap 1 UST for $1 of LUNA and vice versa. When the price of UST rose above $1, holders could profit by swapping $1 of LUNA for 1 UST (which would be worth more than $1), increasing supply and pushing down the price of UST. When UST was below $1, users could profit by swapping 1 UST for $1 of LUNA, reducing the supply of UST. This worked relatively well until a series of events led to confidence in the system collapsing, meaning there was no longer adequate demand for LUNA to stabilize UST. Its failure in May 2022 wiped out tens of billions of dollars of value from the Terra ecosystem, catalyzed the wider crypto bear market, and brought down several large organizations with exposure to it, including crypto hedge fund 3AC and lending company Celsius in the process.

Terra's Official Twitter account post, a newly created account, and a bio that reads "Building a new standard for DAO on Terra"

A final example of a token is a "stablecoin". A stablecoin is a token which is kept by the issuer at a fixed price in terms of a government currency, generally the US dollar. Tether maintains a popular stablecoin known as USDT by keeping reserves matching the supply of the token. Other approaches include that used by MakerDao for its stablecoin Dai, where reserves are decentralized and take the form of tokens or Ethereum. These decentralized stablecoins are referred to as "algorithmic stablecoins". A more unfortunate example is Terra, who's algorithmic stablecoin collapsed to the tune of 60 billion dollars.

Terra

https://www.terra.money/ (this looks exactly like the above)

It’s also on their website https://www.terra.money/

Solana (9700 GitHub Stars) https://github.com/solana-labs/solana

EIP Core standards: Changes to Solana’s core code go through “feature gates” in the Solana repo. Yes, it’s much less organized than the EIP pages you are used to, and a headache to understand or keep up with. A cost of the speed of development, I’m told.

I visited the project on github (https://github.com/solana-labs/solana), and tried to get an overview of the ~800 open issues and ~100 open PRs.

Solana

With the introduction of new and advanced blockchain platforms in the Web 3.0 scene, the narrative around Ethereum has slowly shifted towards its younger “Ethereum Alternatives”. Solana, Avalanche, and MultiversX (former Elrond) are some of the crypto blockchains that are given this terminology, as they share similar features but are comparatively cheaper and better than Ethereum.

I understand this initiative is connected with Solana network [1] in some way?

[1] https://solana.com/

They do, actually: https://github.com/solana-labs/solana/security/policy

Not sure I understand your question, but if you want the source code you can find it on github (https://github.com/solana-labs/solana)

Some topics that may be discussed in the next call include @ShinobiSystems Timely Vote Credits proposal (https://github.com/solana-labs/solana/blob/master/docs/src/proposals/timely-vote-credits.md), @elusivprivacy new built-in cryptographic operations to accelerate ZK verification (for privacy tech), and feature activation coordination standards.