MIT's Blockchain newsletter takes a good look at Facebook and their activity with the Blockchain Libra. Also a pointer to Facebook's 29-page paper on the topic. Reading now. More is sure to follow. Again I recommend signing up for this newsletter to follow the rapidly evolving area.
MIT Technology Review
Chain Letter
Blockchains, cryptocurrencies, and why they matter
06.20: Move fast and break things
Welcome to Chain Letter! Great to have you. Today we'll be taking a good long look at Facebook's much-hyped foray into the digital currency realm.
We have lots of questions about Facebook’s new digital currency. What did Facebook just do? Officially, it launched a test network for its own digital currency, called Libra coin. But nobody—not even Facebook—seems to be sure what that fully means.
In a new white paper (PDF) describing the project, Facebook tells us that the goal is to build a “financial infrastructure that can foster innovation, lower barriers to entry, and improve access to financial services.” Beyond that, however, the situation is quite unsettled. .... "
Showing posts with label Libra. Show all posts
Showing posts with label Libra. Show all posts
Friday, June 21, 2019
Tuesday, June 18, 2019
Facebook Teams to Produce Cryptocurrency
Whats the ultimate of this? Payment/Procurement angle? Examining. Note the broad number of participants. And will also include the ability to integrate secure smart contracts.
Facebook launches cryptocurrency with Visa, MasterCard, Uber, and others Facebook plans to bring payments to Whatsapp and Messenger in 2020. By Timothy B. Lee in ArsTechnica
Facebook is leading a broad coalition of companies and organizations launching a new cryptocurrency, the company announced on Tuesday. The cryptocurrency, called Libra, will be backed by a basket of conventional currencies and other stable assets, preventing the wild price swings that have plagued bitcoin and most other cryptocurrencies.
The new cryptocurrency will serve as the foundation for a new payment feature for Facebook Messenger and the Facebook-owned Whatsapp. Facebook says it is creating a new subsidiary called Calibra to oversee its payment initiatives. This is partly to reassure people who are concerned about Facebook's privacy record. ....
.... Facebook and the Libra Association released a lot of information on Tuesday morning, and I haven't read it all. There's a new programming language called Move that's optimized for secure smart contracts. There's an in-depth explanation of the Libra blockchain. And there's more information about how Libra's peg to conventional currencies will work. Stay tuned for a much deeper dive into Facebook's ambitious new platform in the coming days. ... '
Facebook launches cryptocurrency with Visa, MasterCard, Uber, and others Facebook plans to bring payments to Whatsapp and Messenger in 2020. By Timothy B. Lee in ArsTechnica
Facebook is leading a broad coalition of companies and organizations launching a new cryptocurrency, the company announced on Tuesday. The cryptocurrency, called Libra, will be backed by a basket of conventional currencies and other stable assets, preventing the wild price swings that have plagued bitcoin and most other cryptocurrencies.
The new cryptocurrency will serve as the foundation for a new payment feature for Facebook Messenger and the Facebook-owned Whatsapp. Facebook says it is creating a new subsidiary called Calibra to oversee its payment initiatives. This is partly to reassure people who are concerned about Facebook's privacy record. ....
.... Facebook and the Libra Association released a lot of information on Tuesday morning, and I haven't read it all. There's a new programming language called Move that's optimized for secure smart contracts. There's an in-depth explanation of the Libra blockchain. And there's more information about how Libra's peg to conventional currencies will work. Stay tuned for a much deeper dive into Facebook's ambitious new platform in the coming days. ... '
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