- First introduce what Libra is
Libra's mission is to build a simple global monetary and financial infrastructure that empowers billions of people.
FB releases the Libra coin on June 18, 2019
motto
* We believe that more people should be given access to financial services and cheap capital.
* We believe that everyone has the inherent right to control their legal labor achievements.
* We believe that open, immediate and low-cost global currency flows will create huge economic opportunities and business value for the world.
* We firmly believe that people will increasingly trust decentralized forms of management.
* We believe that global monetary and financial infrastructure should be designed and managed as a public product.
* We believe that everyone has a responsibility to help promote financial inclusion, support users who abide by Internet ethics, and continue to maintain the integrity of this ecosystem.
Introduction
Our world really needs a reliable digital currency and financial infrastructure. The combination of the two must fulfill the promise of "Monetary Internet"
No matter where you live, what phone you use, as long as you have internet
Can create a revenue
Now is the best time to create a new type of digital currency based on blockchain technology. Libra's mission is to build a simple, borderless currency and financial infrastructure that serves billions of people. Libra consists of three parts, which will work together to create a more inclusive financial system:
* It is based on a secure, scalable and reliable blockchain;
* It is backed by an asset reserve that gives it intrinsic value;
* It is governed by an independent Libra Association whose mission is to promote the development of this financial ecosystem
The Libra Association is an independent non-profit membership organization headquartered in Geneva, Switzerland
Members of the Libra Association will include various businesses, non-profit organizations, multilateral organizations, and academic institutions distributed in different geographic regions. The first group of organizations jointly responsible for finalizing the articles of association of the association and becoming the "founders" of the association after completion include (by industry):
* Payment industry: Mastercard, PayPal, PayU (Naspers ’fintech arm), Stripe, Visa
* Technology and trading platforms: Booking Holdings, eBay, Facebook / Calibra, Farfetch, Lyft, MercadoPago, SpotifyAB, Uber Technologies, Inc.
* Telecom industry: Iliad, Vodafone Group
* Blockchain industry: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
* Venture capital industry: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
* Non-profit organizations, multilateral organizations and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women ’s WorldBanking
We hope that by the targeted release in the first half of 2020, the number of founders of the Libra Association will reach about 100.
News
The Facebook team, in collaboration with other founders, played a key role in the birth of the Libra Association and Libra Blockchain. Facebook will retain its leadership role until the end of 2019. Of course, in Libra, the association has the final decision-making power. Facebook created Calibra, a regulated subsidiary, to ensure that social data and financial data are separated from each other, while representing and constructing and operating services on the Libra network
Program
* Design and use of Move programming language.
* Use Byzantine Fault Tolerance (BFT) consensus mechanism.
* Adopt and iterate to improve the widely adopted blockchain data structure.
Move is a new programming language used to implement custom transaction logic and "smart contracts" in the Libra blockchain
BFT mechanism to achieve that all verifier nodes agree on the transaction to be executed and the order of execution. This method can establish trust in the network
The Libra blockchain follows the principle of anonymity, allowing users to hold one or more addresses that are not related to their true identity. This is a model familiar to many users, developers and regulators
The next chapter will write about associations, plans, major news
if u like this post
like.follow.tips
i’m SLEO
THX
Have a nice day ☕️
