Do we ever thought sending money
will be easier than sending messages? An absolute yes, American social media
company “Facebook” have introduced a new virtual currency called Libra.
In this fast moving world libra
plays a crucial role in digital transactions. It makes transactions simple and
easier without involving third parties.
Basically, Libra activities are
managed by The Libra Association, it’s
a non- profit membership organization. It works to evolve and scale the global
network and also to take maximum leads to support the financial inclusion which
effects the world. A sensational update of 2019 is, now this Libra association
will collaborate with global communities along with the policy makers for the
future of Libra.
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| Libra: Cryptocurrency By Facebook (In 5 Minutes) |
Libra is designed on
decentralized blockchain technology which is a programmable date base designed
for low-volatility cryptocurrency. It has an ability to serve as a medium of
exchange to meet the requirements of billions of people across the world.
Libra currency is built on Libra
Blockchain, it is an open source prototype of libra protocol which is powered
on its native Blockchain technology. This chain is supported by a Proof Of Stake (POS) Algorithm, these are
run by consortium participants with high technical requirements as these libra
transactions are digitalized on validators.
A blockchain is a replicated
machine which act as a replicator in the system known as validators. These
validators understand each and every transaction and can also determines the
next transaction.
Move is an executable programming
language for Libra Blockchain which is generally implemented for digital and
smart transactions. It is termed as a safe and flexible language which provides
us safety move transactions. Move is designed to provide at most safety to the
users, it is able to express the precised rules in a verifiable manner.
Our team from winbtc.net has developed an informatics and
interesting infographic on Libra a new cryptocurrency.
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