Tera is an open source and collaborative project. It means everyone can view and eventually modify its source code for her/his own needs. And it also means anyone is welcome to integrate its working community. The Tera community works to develop, deploy and maintain Tera nodes and decentralized applications that are part of the Tera Network.
The Tera technology serves the cryptocurrency concepts, trying to design a modern coins and contracts blockchain application : fast block generation, high transaction throughput and user-friendly application. It was officialy launched on 30th of June 2018 on the bitcointalk forum.
Yuriy Ivanov is the founder and core developer of the project. The Tera community is more familiar with the alias « vtools ».