Libra Coin – A New Digital Currency Developed by FACEBOOK

Libra is a cryptocurrency built on blockchain technology. It is developed by the most famous social media giant Facebook. The goal behind building Libra is to emancipate millions of unbanked and underbanked people by providing them similar financial opportunities and to bring everyone under the same roof.

Libra, will give you the best transaction experience with unimaginable speed on minimal or no charges. You can transfer money from your home to another person who is in the other corner of the world. Libra is compatible with mobile, if you have a mobile with data connection then you can access Libra from anywhere.

Libra Coin – A New Digital Currency Developed by FACEBOOK 1

source https://mrbtc.org/wp-content/uploads/2019/06/Libra-Cryptocurrency-By-Facebook.png

Libra is built on Blockchain technology, it is a decentralized programmable database that assists in backing the more constant currency, that will act as a medium for transacting money to millions of people all over the world.

Libra is an independent association built to regulate and control the flow of Libra, it is a non-profit organization working with a goal to offer basic financial infrastructure and universal currency to empower millions of people. Libra Association consists of the compilation of validator nodes, such as academic entities, international corporations, and social impact partners.

The Libra Blockchain is an allocated system that looks after the exchanges and ownership of Libra. While transacting Libra, there is a minute chance of attacks on the system and here Blockchain assists in defending this kind of attack using LibraBFT.

A well written and secured software is a must to safeguard the Libra Blockchain. Move a new programming language that is used in developing Libra. It is a safe and pliable programming language for Libra Blockchain. It is a practical bytecode language used to execute smart transactions and smart contracts.

People have different opinions 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.

Checkout the following infographic on Libra: Cryptocurrency By Facebook (In 5 Minutes) developed by Karthik at MrBtc.org, let us know your thoughts on it.

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