The wait is finally over as Facebook officially revealed the details of its widely-anticipated cryptocurrency, Libra, earlier on June 18.
On the onset, it looks like the Libra network will have more privacy and decentralization built in than what many in the cryptocurrency community had initially anticipated.
Interestingly, Facebook has also thrown in a new programmable language, dubbed Move, to go along with the package. The company claims Move has been optimized to “provide a safe and programmable foundation for the Libra blockchain.”
According to the official documentation explaining Libra, Move comes equipped with the necessary foundation to make life easier for blockchain developers. It facilitates a convenient environment wherein developers can easily execute their intent with minimal risks of introducing bugs in the process.
The team overseeing the project decided to name it Move as its primary role will be to move Libra coins from one wallet/account to another. There are special preemptive measures inbuilt within the language that makes it unlikely for the coins to be accidentally or maliciously cloned.
Two of Move’s primary tasks include:
- Facilitating a smooth and secure execution of the underlying governing policies to manage the Libra ecosystem.
- Secure management of the network of validator nodes.
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Shilpa Lama
Shilpa is a Highly experienced freelance Crypto and tech
journalist who is deeply passionate about artificial intelligence and pro-freedom technologies such as distributed ledgers and cryptocurrencies.
She has been covering the blockchain industry since 2017. Before her ongoing stint in tech media, Shilpa was lending her skills to government-backed fintech endeavors in Bahrain and a leading US-based non-profit dedicated to supporting open-source software projects.
In her current...
Shilpa is a Highly experienced freelance Crypto and tech
journalist who is deeply passionate about artificial intelligence and pro-freedom technologies such as distributed ledgers and cryptocurrencies.
She has been covering the blockchain industry since 2017. Before her ongoing stint in tech media, Shilpa was lending her skills to government-backed fintech endeavors in Bahrain and a leading US-based non-profit dedicated to supporting open-source software projects.
In her current...
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