Is Libra coin a blockchain
According to the white paper, the global borderless Libra coin has three cores: blockchain based, real asset guarantee and independent association governance. In other words, Libra coin is a "stable currency" guaranteed by the real asset reserve. Each Libra coin will have a basket of currencies or assets of corresponding value for trust endorsement, which is supervised by the founding members of Libra coin Association, and each founding member is responsible for running a verifier node. Facebook believes that there are still 1.7 billion alts in the world who are not exposed to the financial system and cannot enjoy formal financial services, and the current financial transaction costs are too high, so this pattern needs to be broken. According to its assumption, Libra is a stable currency and a super sovereign digital currency. By issuing "Libra coin", we will explore the establishment of a simple, borderless currency and financial infrastructure for billions of people
Libra is linked to a basket of currency deposits or government bonds, and it is more in line with the public's habitual thinking that it is linked to cryptocurrencies without any asset support, such as bitcoin. Therefore, the listing of Libra currency will inevitably have an impact on the online digital currency. Some of the funds were diverted to Libra
however, the impact on real money is very limited, because the right to issue digital money will inevitably be concentrated in the hands of central banks, and private companies will not be allowed to be involved in this field.
Libra coin is safe as a virtual currency. To this end, Facebook also launched a series of programs to solve security problems. Facebook launches cryptocurrency system & quot; Libra & quot;. Libra system is operated and managed by Facebook and more than 20 partners. Each partner participates in the operation in the form of initial verifier node, and they share a transparent transaction classification account to reflect all activities on the network
Therefore, the security of Libra as a virtual currency need not be considered. I believe that the advent of Libra as a virtual currency will bring a new innovation to our worldFirst of all, Libra, as a virtual currency, is the anchor of a basket of currencies and promises to exchange with legal tender at a ratio of 1:1. This is not only better than the network "cryptocurrency" not linked to fiat currency, but also more stable than the stable currency linked to single currency, which is an upgraded version of digital stable currency. Its mission is to "build a simple, borderless currency and financial infrastructure for billions of people."; Libra is a stable currency supported by a basket of currencies (reserves) and managed by an independent association (registered in Switzerland) running on the blockchain platform
I think so
At present, virtual currency is becoming more and more popular, and even becomes a kind of universal currency in the world, such as Tianping coin. Some virtual currencies have evolved to have the characteristics of value scale, circulation means, payment means and so on, which is very unrealistic, A lot of use will make the country's financial order chaos< br />