Crypto
Here’s what you need to know about Facebook’s Libra
Libra is a cryptocurrency developed to enhance the standard of living of millions of people by giving them an accessible digital currency platform. All that’s needed to access it is a mobile device and data connection. Libra boasts of speed, security, and stability. Even though Facebook designed Libra, it does not control the cryptocurrency. It is supervised by the Libra Association.
![](https://born2invest.com/wp-content/uploads/2019/09/Libra-820x550.jpg)
Libra is a cryptocurrency built on blockchain technology. It is developed to enhance millions of people standard of living by giving them a digital currency platform to be part of. And to do this, all you need is a mobile device and data connection. It has speed, security, and stability.
Even though the designer of the Libra is a reputed social media giant, it does not have the right to control or look after the cryptocurrency. It is actually controlled and supervised by its association called The Libra Association.
![LIBRA - Cryptocurrency By Facebook](https://mrbtc.org/wp-content/uploads/2019/06/Libra-Cryptocurrency-By-Facebook.png)
The Libra Association is a group of companies that are founding members of the digital currency. There are 28 companies which busily take part in the Association and the strategy is to reach a total of 100 members who will act as the validators of the Libra currency.
The software used for developing Libra is a new programming language called Move. It is used to execute and develop decentralized finance, smart contracts, and transaction logic.
(Featured image by DepositPhotos)
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