Is Libra Really A Cryptocurrency?
When Libra was announced by the Facebook team, with its ambition to disrupt the finance world, blockchain experts poured over the technical details of the Libra protocol testnet and government entities began to hold hearings about safety concerns. Crypto experts have not been very impressed with Libra’s claims of being a stablecoin; people like Bitcoin developer, Tamas Blummer, having assessed the Libra protocol had concluded that Facebook is abusing its position to muscle into the blockchain world. Blummer said, “Trying to buy leadership in a cutting edge technology is very expensive and likely futile. I am pretty certain that this…