"Libra" TAG

Contextualizing the STABLE Act
  • research
In the summer of 2019, Mark Zuckerberg testified before the U.S. House of Representatives, facing nearly-unanimous and atypically bipartisan criticism from legislators related to Facebook’s leading role in the development of the Libra stablecoin. The Libra network and digital asset—whose credentials as a blockchain and cryptoasset, respectively, have been perhaps appropriately criticized—were intended to facilitate...
Libra
  • research
Introduction How Libra Works ▸ Technology and Network Facebook developed the Libra software, which is fully open-source and slated to launch in 2020. The codebase is written in Rust and introduces the novel programming language Move, which supports full smart contract functionality and a virtual machine. This design suggests that metatokens and other uses of...
Enterprise Blockchain: Understanding the Landscape
  • research
Introduction “In modern capitalist society, technology was, is, and always will be an expression of the economic objectives that direct it into action.” — Shoshana Zuboff, The Age of Surveillance Capitalism New technologies have a history of being explored and adopted by businesses, governments, and other organizations that carefully aim them at trajectories serving their...
Libra
  • research
Libra is a permissioned payments network utilizing some aspects of blockchain technology, including BFT consensus amongst authority nodes. Libra offers a quasi-stablecoin pegged to a basket of fiat currencies and is run by a consortium of technology and finance companies and nonprofits, including Facebook, Uber, Visa, and Kiva. Overview Facebook developed the Libra software, which...