Tera is a decentralized application platform. This is akin to an operating system. Tera consists of a repository of programs and data storage integrated into the Internet. The mechanism for publishing programs and data on this platform is free from censorship. The circulatory system is the blockchain.
Bitcoin 2 is a scalable Bitcoin fork that supports private transactions through the Zerocoin protocol and nearly instantly verified payments by Masternodes. Bitcoin 2 uses a Proof of Stake system that allows anyone even running a basic laptop to get block rewards while contributing to running the blockchain.