@r2000 21 August 2020

Facebook's Libra Coin !!!

Facebook’s cryptocurrency project is taking a new, scaled-down approach as transactions increasingly take place online during the corona virus pandemic. The Libra Association, an independent group organized by facebook to manage the libra crypto currency, said it now plans to offer stable coins backed by just one nation’s currency in addition to its coins backed multiple currencies. Here are some informative pints about Facebooks libra coin **Libra coin is governed by the libra association** **It aims to be an open network to everyone- developer, consumer or business.** **Libra is a cryptocurrency- powered by Blockchain technology and is represented by Unicode character.** **Libra in its release of whitepaper stated it to be low smart contract platform and a new decentralized Blockchain.** **The association is designed to facilitate the operation of the libra Blockchain, to manage the libra Blockchain, to manage the libra reserve, to coordinate the agreement among its stakeholders, the network’s validator nodes and to promote, develop and expand the libra network.**

Mobile The Libra Payment system will be accessible to anyone with an entry-level smartphone and data connectivity. Stable Libra Coins are backed by a reserve of assets made up of cash or cash equivalents and very short-term government securities. Fast Libra transactions are quick and easy, no matter where are you sending, or spending, your money. For the world The libra payment system will be facilitate a more accessible, more connected global financial system, Scalable The open-source Libra protocol will foster a vibrant community of developers, building products and services to help people access and use the libra payment system Secure The Libra network is built on Blockchain technology and designed with security in mind. White paper https://libra.org/en-US/white-paper/ For the early access of Libra and wallet for libra https://www.novi.com/