What is the Libra Cryptocurrency? (Infographic)

Libra Cryptocurrency

Libra cryptocurrency which runs on Blockchain technology to conduct safe and secure transactions.

Libra is powered by Facebook and the main motive behind launching it is to transform the face of the global economy. 

What more should we know about Libra?

Libra is non-reliant organization which never works to make profits. The only ambition of this association is to provide basic financial infrastructural needs to millions of people.

The value of Libra is constant with very minimal fluctuations as it is backed by a reserve. Each Libra is backed by a set of stable liquid assets and line up with a group of exchanges and other liquidity providers.  

Libra is made on decentralized blockchain technology to produce more consistent cryptocurrency that has the ability to be as a medium of exchange for people.

The Libra Blockchain is a distributed procedure that guides both ownership of Libra and the exchange of Libra. It is a mandatory thing that consumers of Libra should notice the consonant view of the system.

The operating and supervising body of the Libra association is called The Libra association council which comprises of a representative of every member of the council. The decisions about policies and functioning are done by voting based on the significance of the decision.

The programming language used to design the Libra Blockchain is Move. It is a practicable byte code language assists in processing smart contracts and smart transactions. Move assure your security. Other than these significant protections, resources are basic program values.

To learn more about Libra please check out the following infographic developed by Karthik at Mrbtc.org.

Libra cryptocurrency article and permission to publish here provided by Sophie at White Ranking Technologies. Originally published on Supply Chain Game Changer on September 26, 2019.