Libra - Cryptocurrency by Facebook, an Infographic
Libra is a cryptocurrency designed using blockchain technology. It is built by the most popular social media giant Facebook. The main motive behind developing Libra is to emancipate millions of underbanked and unbanked people by offering them similar financial opportunities.
Libra will give their users the best transaction experience with unimaginable speed on minimal or no charges. Users can transfer money from their home to any part of the world. Libra is compatible with mobile and all you need is a basic data connection.
Blockchain technology is a decentralized programmable database that helps in backing the more constant currency and has the capability to act as a medium for transacting money to millions of people all over the world.
Libra is a self-reliant association formed to control and regulate the flow of Libra, it is an organization aiming to offer basic financial infrastructure and to introduce a universal currency to empower millions of people. Libra Association is a compilation of validator nodes, such as academic entities, international corporations, and social impact partners.
An allocated system of the Libra blockchain looks after the transactions and ownership of Libra. While transacting Libra, there is a slight chance of attacks on the system and here Blockchain helps in defending this kind of attack using LibraBFT.
A secured and well-written software will help you in protecting the Libra Blockchain. Move a new programming language that is used in developing Libra. It is a safe and responsive programming language for Libra Blockchain. It is an applied bytecode language used to implement smart transactions and contracts.
People have different views on cryptocurrencies, but Libra can be trusted easily as it is backed by a reserve that includes stable liquid assets, which helps in keeping the value of Libra stable.