Key #technology concepts behind @Faceboook #cryptocurrency are #openSource & documentation is available online- The #Libra #Blockchain #whitepaper

The Libra Blockchain is a decentralized, programmable database designed to support a low-volatility cryptocurrency that will have the ability to serve as an efficient medium of exchange for billions of people around the world. We present a proposal for the Libra protocol, which implements the Libra Blockchain and aims to create a financial infrastructure that can foster innovation, lower barriers to entry, and improve access to financial services. To validate the design of the Libra protocol, we have built an open-source prototype implementation — Libra Core — in anticipation of a global collaborative effort to advance this new ecosystem.

Sourced through Scoop.it from: developers.libra.org

WHY IT MATTERS: Facebook announcement of its cryptocurrency called LIBRA will generate many comments but I expect few will take time to look at the technology behind the solution. Here, the LIBRA blockchain is explained in a detailed whitepaper.

IMHO this is the most interesting piece as it lays out the required components to implement a blockchain solution. This will require knowledge and expertise that today few have. If LIBRA is a commercial success then expect others to leverage the same technology in their solutions. Thus, worth reading.

Farid Mheir
farid@mheir.com