Quick catchup on Libra, Facebook’s crypto, since its big announcement
Libra – A blockchain technology-based digital currency under formal concent, staged by the American social media company Facebook. This is yet to come into life and yet at a very basic level. Some experimental code has been released though. The launch is planned to be in 2020.
Bitcoin – Basics You Need To Know About
Bitcoin is a cryptocurrency running on a solid foundation provided by Blockchain as an underline technology. Bitcoin’s system uses a peer-to-peer network to reduce cost i.e double-spending. Since all transactions are broadcasted thus recorded and updated by all pears nodes, at end validate transactions. No central authority is completely decentralised. Distributed digital ledger, Swarm Intelligence, HyperLedger, and SmartContract kind of keywords always emerge whenever we talk about Bitcoin. For now, let’s focus on a few bullet points about this coin only as below.