Copie de Alt Season 1

Analysis : Libra’s White Paper

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On Tuesday, June 18, 2019, Facebook unveiled its famous project concerning the Facebook Coin, or rather Libra.

 

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However, the answer to this criticism can be found in Libra’s White Paper: “The Libra protocol does not link accounts to a real-world identity. A user is free to create multiple accounts by generating multiple key pairs.” It remains to be seen how this declaration can be combined with KYC regulations. Calibra seems to be the answer, in fact it is written in black and white in the Calibra Client Commitment:

When you authorize a payment, we share data with third parties necessary to process that transaction. We also share Calibra customer data with managed vendors and service providers — including Facebook, Inc. — that support our business (e.g., to provide technical infrastructure or direct payment processing). In both cases, we share only the Calibra customer data that is necessary for completing the defined activity or service

And also:

“Calibra will use Facebook, Inc. data to comply with the law, secure customers’ accounts, mitigate risk, and prevent criminal activity. Beyond these cases, if a Calibra product feature can be personalized or improved with data from Facebook, we will first obtain customers’ consent to share the relevant data with Calibra.”

Conclusion:

“Will Libra be the currency of the future?”

Libra seems well on its way to being the first blockchain network that could trigger a democratization of crypto currencies with major financial institutions, technology conglomerates, merchants etc….

“Libra is not a competitor for crypto currencies but a competitor for retail banks”

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One thing is for sure, we have not finished hearing about crypto currencies and the Blockchain! Some analysts even believe that Libra will have a huge positive impact on the crypto currency market in general.

To be continued!


Warning, these are estimates and it is obviously necessary to monitor the information concerning this project. This is a trading plan and not a prediction. Invest only what you can afford to lose.

Useful links :

? White Paper Libra :https://libra.org/en-US/white-paper/?noredirect=1

? Official website: https://calibra.com/?locale=en_US

Libra for developers: https://developers.libra.org/docs/assets/papers/libra-consensus-state-machine-replication-in-the-libra-blockchain.pdf


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