Libra currently looks more like a fiat currency than a cryptocurrency422

Facebook unveiled a cryptocurrency called Libra yesterday as well as the Libra Association, a not-for-profit that will oversee all things Libra. While Libra’s white paper draws a lot of inspiration from other cryptocurrencies, the current governance model and blockchain implementation remind me of banks more than bitcoin.

The Libra blockchain is designed like a true blockchain with a Byzantine Fault Tolerance approach, the use of Merkle trees to guarantee the integrity and a network of nodes.

Original source
https://techcrunch.com/2019/06/19/libra-currently-looks-more-like-a-fiat-currency-than-a-cryptocurrency/

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