Libra: Cryptocurrency By Facebook

Advertisement

Libra: Cryptocurrency By Facebook

Advertisement

Facebook is most popular social networking site, where people love to spend most of their time on it. On an average scale there are 1.19 billion users for the site. And that’s more than enough to make Libra, the new virtual coin developed by American association where Facebook is the co-founder for it.

Libra makes money to explore all over the world, no matter, where the person is, and to whom he is sending.

It simply makes transactions comfortable, quick and easy to access.

Libra, a new global cryptocurrency is built on opensource blockchain which has high storage capacity and makes transactions highly secure, and works for safeguarding funds and financial data.

Libra is designed as stable digital cryptocurrency which is redeemable in currency, commodities, or fiat money. It will also let users, transfer money between Facebook and Whatsapp platforms.

There are many payment platforms such as Stripe and Paypal, who are already the members of Libra association. But, Libra will function at a faster pace in a safety mode. As it performs transactions on blockchain, no other stablecoin can compete with Libra.

When we talk about Libra’s programming language. Its Move a new programming language for Libra blockchain.

Move is written in Rust language as it is a only language which focuses on safety while maintaining high performance.

The Libra ecosystem comprises of three different type of entities. They are Clients, Validators and Developers.

Libra’s first transactions are guided by Libra CLI client. Its a software which has a potential to interact with Libra Blockchain.Validator Nodes will decide which transactions should run on Libra blockchain and stores all the transactions in its memory.In the terms of Libra ecosystem, Developers are, all the people who work for Libra right from its birth.

To get detailed information on Libra, please check the following infographic developed by Karthik at Mrbtc.org. Also, please let us know your thoughts on it.

Source: Mrbtc


Featured Image via theblockcrypto

Updated 03:49 PM UTC+8, 20 Aug 2019
Advertisement
Guest Post
Guest Post
Staff
 
All published articles are guest posts and sponsored posts, articles from different sources and contributors.
Advertisement
Advertisement
Namecheap.com Ad
Buy Now

Featured Stories

Advertisement

Recent Stories

Ways Technology Can Increase Productivity

How to Protect Confidential Documents

What Kind Of Career Can A Degree In Economics Set You Up ...

Choosing the Right Software Solutions in 2022

Fintech in trade finance: Important technologies to keep ...

Startups

ARNO Token

Coin98 (C98)

Tycoon (TYC)

PointPay (PXP)

Winsshi (WNS)

Coins.ph

Recent Stories

Ways Technology Can Increase Productivity

How to Protect Confidential Documents

What Kind Of Career Can A Degree In Economics Set You Up ...

Choosing the Right Software Solutions in 2022

Fintech in trade finance: Important technologies to keep ...

Startups

ARNO Token

Coin98 (C98)

Tycoon (TYC)

PointPay (PXP)

Winsshi (WNS)

Coins.ph

Technologies

Fintech in trade finance: Important technologies to keep ...

6 Reasons To Add A Web Design Agency To Your Marketing Te...

3 Benefits of Driver Assist Technology for Businesses

How to Keep Learning in a Rapidly Changing Technological ...

How Technology is Revolutionizing Architecture

Advertisement

Cryptocurrency

Coinmicro: Committed to a Safe and Stable Digital Asset D...

How to use AI with Crypterium’s Cryptocurrency Investme...

DeHero: Gradually Upgrading to Card Metaverse

Alternative Investment Options That Are Worth Considering...

Bitop Research: Current Trends Not-to-be-Missed in the Bl...

Shopee.ph Ad
Shop Now

Gaming

How do you Play Baccarat for Real Money?

USDT Is A Game Changer For Online Poker

Supporting the Growing Blockchain Gaming Industry, BitMax...

How to Buy Cheaper Steam Wallet Code using Paymaya (2021 ...

6 Ways VR Can be Dangerous to Users

Advertisement

Categories

Digital Marketing

Technology

How to

Social Media

Blockchain

Press Release

Tech News

Business

Startup

Reviews

Gadgets

Security

Finance

SEO

x
By using this website, you agree to our Terms and Conditions and Privacy Policy.