قالب وردپرس درنا توس
Home / Business / Everything you need to know

Everything you need to know




<div _ngcontent-c16 = "" innerhtml = "

There will be a new cryptocurrency available in 2020— Libra although it is supported by several Silicon Valley and mega companies that make up the Libra Association , Facebook is clearly the leader in currency adoption, here's everything you need to know.

What is a cryptocurrency?

Although there are variations of virtual currency called cryptocurrency Bitcoin is what most people have heard of before, all based on the concept of blockchain A blockchain is a distributed data file that can be read by people on many computers and is not a device with control over the file. Blockchains contain encoded information that cannot be changed unless a user have a key that corresponds to the "block" in the chain they want to update. These changes are copied across the chain. Blockchains are very secure and publicly visible. Cryptocurrency is a currency that uses a mathematical blockchain to track exchange and value, rather than a central bank.

About Libra

Facebook announced Libra on June 18, 2019. A Swiss group called Libra Association will manage Libra and currently includes 28 member companies, including Facebook, MasterCard, Visa, PayPal, Lyft, Uber and Spotify, and plans to have 100 companies on board in 2020 when Vågen is expected to start.

According to the 26-page technical white paper that was published to describe how the weight will work, it will run on a blockchain. However, it is important to note; The wave differs from a traditional blockchain in a couple of ways.

1. & nbsp; & nbsp; & nbsp; A traditional blockchain is decentralized. The Libra is not decentralized in the way Bitcoin is since Libra's nodes (independent computers that process and verify a blockchain) will only be run from the servers of Libra Association's 28 current members. In response to critics questioning the fact that Libra is not completely decentralized, Facebook said Libra cannot be completely decentralized if it is to create a " global financial infrastructure." The goal is to have Weight able to handle 1000 transactions per second; Bitcoin can only process seven transactions per second, but Visa's payment network can support 24,000 per second. & Nbsp; & nbsp;

2. & nbsp; & nbsp; & nbsp; The awake is also designed as a "stablecoin." The value of Wake Units in circulation will be tied to assets made up of different currencies stored by the Libra Association. This is to minimize the traditional volatility of cryptocurrency. In a letter Facebook sent to Fabio De Masi, a German politician, Libra will be supported by US dollars (50 percent), euros (18 percent), Japanese yen (14 percent), British pounds (11 percent) ) per cent) and Singapore dollar (7 per cent). Interestingly, the currency of the world's second largest economy, the Chinese yuan, is absent. There are advantages and disadvantages of not including the yuan, but some believe this omission may help to overcome the concerns of US regulators. & Nbsp;

How World Leaders Respond to Weight

Since Facebook announced Weight, it has criticism. Regulators and policy makers around the world are concerned about the impact of Libra on financial stability. The EU started an investigation by the Libra Association on antitrust . In the United States, lawmakers push Facebook for a moratorium on the project until all questions can be analyzed and understood. Because of this and other concerns, it is reported that some of the original supporters of the Weight support.

In France, Bruno Le Maire, the French economy, and the finance minister stated that they could not [ authorize the development of the emphasis on European soil "because of the threat of monetary sovereignty.

Some economic leaders in the world have expressed concern that Weight threatens the economic stability of nations . Facebook rejects these claims while pointing to the "stablecoin" aspect of Libra and the reserve of currencies that support it.

A spokesman for Libra told The Independent : "We welcome this review and have deliberately designed a long launch pad to have these conversations, educate stakeholders and integrate feedback into our design." [19659008] There is certainly a revolution in payment technology from China's Alipay to Facebook's Libra. Since finance is a critical part of the world's infrastructure and a crisis in one market can ripple around the world, it is necessary for governments and regulators to critically evaluate new technology that is not tied to traditional control systems. Not only does a new global financial system need to be protected against breaches and transparent to officials, but it must also not succumb to whims that will only benefit a few. That is why there are important questions that need to be answered to understand the implications prior to the launch of Libra in 2020.

">

There will be a new cryptocurrency available in 2020 – Libra. Although supported by several Silicon Valley and mega companies that make up the Libra Association, Facebook is clearly the leader in currency adoption, here's everything you need to know.

What is a cryptocurrency?

Although there are variants of virtual currency called cryptocurrency, most people have heard of it before, all based on the concept of blockchain. blockchain is a distributed data file that can be read by people on many computers. It is not a file control device. Bl ockchains contain encoded information that cannot be changed unless a user is a key that corresponds to the "block" in the chain they want to update. These changes are copied across the chain. Blockchains are very secure and publicly visible. Cryptocurrency is a currency that uses a mathematical blockchain to track exchange and value, rather than a central bank.

About Libra

Facebook announced Libra on June 18, 2019. A Swiss group called Libra Association will manage Libra and currently includes 28 member companies, including Facebook, MasterCard, Visa, PayPal, Lyft, Uber and Spotify, and plans to have 100 companies on board in 2020 when Vågen is expected to start.

According to the 26-page technical notice released to describe how the Scale will work, it will run on a blockchain. However, it is important to note; The wave differs from a traditional blockchain in a couple of ways.

1. A traditional blockchain is decentralized. The Libra is not decentralized in the way Bitcoin is since Libra's nodes (independent computers that process and verify a blockchain) will only be run from the servers of Libra Association's 28 current members. In response to critics questioning the fact that Libra is not completely decentralized, Facebook said Libra cannot be completely decentralized if it is to create a "global financial infrastructure." The goal is to get Weight to be able to handle 1000 transactions per day. second; Bitcoin can only process seven transactions per second, but Visa's payment network can support 24,000 per second.

2. The scales are also designed as a "stack coin." The value of the Flats in circulation will be tied to assets consisting of various currencies stored by the Libra Association. This is to minimize the traditional volatility of cryptocurrency. In a letter Facebook sent to Fabio De Masi, a German politician, Libra will be supported by US dollars (50 percent), euros (18 percent), Japanese yen (14 percent), British pounds (11 percent) and Singapore dollars (7) percent). Interestingly, the currency of the world's second largest economy, the Chinese yuan, is absent. There are advantages and disadvantages of not including the yuan, but some believe that omitting this can help calm US regulators' concerns.

How World Leaders Respond to Weight

Since Facebook announced Weight, it has criticism. Regulators and policy makers around the world are concerned about the impact of Libra on financial stability. The EU launched an investigation by the Vågenforbundet on antitrust issues. In the US, lawmakers are pushing Facebook for a moratorium on the project until all issues can be analyzed and understood. Because of this and other concerns, it is reported that some of the original supporters of the Weight support.

In France, Bruno Le Maire, the French economy, and the finance minister stated that they could not "authorize the development of the emphasis on European soil" due to the threat of monetary sovereignty.

Some financial leaders in the world have expressed concern that Libra is threatening the nation's economic stability. Facebook refutes these claims while pointing to the "stablecoin" aspect of Libra and the currency reserve that supports it.

A spokesman for Libra told The Independent : "We welcome this review and have deliberately designed a long launch path to have these conversations, educate stakeholders and incorporate their feedback into our design."

There is certainly a revolution underway with payment technology from China's Alipay to Facebook's Libra. Since finance is a critical part of the world's infrastructure and a crisis in one market can rattle around the world, it is necessary for governments and regulators to consider critical new technology that is not tied to traditional control systems. Not only does a new global financial system need to be protected against breaches and transparent to officials, but it must also not succumb to whims that will only benefit a few. That is why there are important questions that need to be answered to understand the implications prior to the launch of Vågen in 2020.


Source link