Libra - Cryptocurrency By Facebook: Everything you need to know about Facebook's Libra Cryptocurrency (a permissioned blockchain digital currency).
A simple idea of making
money global, safe, steady and to create a platform where everyone can get the
right to experience the equal financial opportunities laid a path for the
invention of Libra.
Technology has transformed
the world around us and made it a smaller place, people can easily send texts,
pictures, and documents but when it comes to transacting money things become a
little complicated. But Libra came as a solution for all these problems.
Libra is a decentralized cryptocurrency build on
blockchain technology, it ensures the safety and enables access to everyone no
matter where you are from or who you are.
Libra is for everyone, you
may be in one corner of the world and you want to send money to another corner,
with Libra it is possible within seconds and there is no reason to worry about
transaction charges because the transaction charges are very minimal.
There are massive
fluctuations in the value of other crypto currencies, but in the case of Libra
it is different, even a common will guess what will be the value of Libra coin
in the future .
Reserve is backed by a set
of stable and liquid assets, it works with a competitive group of exchanging
platforms, which boosts up the confidence of consumers that they can resale their
Libra any time they want at a good value.
Although the developer of
Libra is Facebook that does not give the right to control and authorize the
operations. They have formed an association called The Libra Association.
As Libra is powered it is allocated
in a way to control both ownership and transfer of Libra.
The safety of Move allowed to execute important
parts of Libra Protocol in Move, inclusive of Libra coin, validator management
and processing transactions.
To find more information
about Libra, please go through the
following infographic developed by Karthik at Mrbtc
Article submitted by MrBTC .
If you have any queries or questions regarding this article, then leave a comment below. We'll get back to you as soon as possible.
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