Review on Libra by phuong cong
The famous digital currency comes from FaceBook
It is a cryptocurrency that the public is looking forward to launching last year, but a number of legal issues between the Facebook CEO who is also the founder of Libra and the SEC have left the project unreleased so far.
It is built as a digital currency and is a global currency on Blockchain technology.
Unlike Bitcoin and ETH, Libra is defined as a Stablecoin.
In addition to FaceBook, there are a large number of well-known organizations participating in the Libra association, including Paypal, VISA, Spotify AB ... are big payment companies, Blockchain, telecommunications, funds, non-organizations profit.
Libra will be operated in a decentralized way and the value of the Libra coin will be guaranteed a low volatility asset, it will be separate from the FaceBook and managed independently from the Libra association.
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Pros
- Libra was created by a consortium of leading companies in the world in all fields led by FaceBook
- Libra's influence is completely superior to that of other stablecoins
- Reaching billions of users on popular platforms
- Libra will support payments without the need for a bank account
Cons
- Libra is facing legislation from the SEC
- For now, it's not clear how FaceBook and organizations will release Libra
