By Giuseppe
Gorbyte
Gori/
Almost four weeks after the Libra announcement the buzz has died down and a more rational assessment can be made.
I am commenting on this because, just like with Hyperledger or Stellar, the Libra Association includes big players, notably Facebook, with lots of funds, so Libra will create major waves on the crypto space almost independently of any other consideration.
The Libra announcement was somewhat constrained, and did not sound as boasting as
sometimes marketing announcements are written:
“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.”
It talked about a decentralized database, a low-volatility currency and a medium of exchange.
No fancy keywords or exaggerations there.
Impact on the Facebook Image
This announcement was a great move for Facebook, a company currently in search of a newimage, showing the public that they are striving towards new goals and planning to invest their resources on wider horizons.
Entering the crypto space, although it has repercussions on the question of trust, as we will
see below, has the appeal of high-tech. Creating a trading platform with a new “low-volatility” currency is also appealing.