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

Add comment

Please Sign in to be able to leave comments.