The digital financial revolution is the most recent change the world is all about right now. After the world became aware of crypto-currencies, we have seen so many improvements and developments in financial transactions.

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In 2021, Facebook Plans To introduce Its Own
Cryptocurrency
The digital financial revolution is the new thing that the world is now talking about.
We have seen so many changes and developments in financial transactions ever
since the world got to know about cryptocurrencies. In 2009, the concept of peer-
to-peer transactions surged with Bitcoin, and now we are exploring new ways to
make it the new normal. Many big names and companies are now coming up with
their digital currencies. The new addition to this list is Facebook. There has been a
lot of conversation about Facebook launching its currency, and now we have the
news that Facebook will be launching Libra.
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What is Libra?
To aid seamless financial transactions, Facebook will be launching its
cryptocurrency Libra. This is backed by Mastercard, Visa, and PayPal and will aim
to exchange currencies. As per Facebook, Libra will be less volatile as compared
to other digital currencies like Bitcoin. There are some of the big names that have
already invested in this project. Names like Spotify and Uber have already
invested in it.
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What are the key features of Libra?
Some of the notable features which will make Libra a popular medium of
transactions in the future are:
1. Easy exchange via mobile
2. It is not a volatile cryptocurrency and is backed by a reserve of asset
3. Transactions via Libra is going to be fast and quick
4. Libra is developed on Blockchain, and hence, it is going to be absolutely
safe and secure.
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Another notable feature of Libra is that it is designed to be accessible globally.
Moreover, it is a low-cost payment system. As per Facebook, Libra is here to
complement the conventional mode of payment. It will make this payment
available to all, and it will be working in sync with domestic currencies.
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Libra will be working on a decentralized platform that will have different validators.
They will work in sync with each other to process the transaction. These validators
will also be a member of the Libra Association. The work of this association will be
to provide a framework for the governance of the network. Facebook plans to
have a network of supporters that will be initially limited to geographical location,
and later, it will become public. Libra will shift to become a permissionless system.
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What's next?
This move by Facebook is just the beginning of a new era of change. In the times
to come, we expect the world to shift towards the use of cryptocurrencies and
Blockchain. Thys, there is going to be a high demand for individuals who have
expertise in this domain. It is the work of Blockchain experts that we have such
cryptocurrencies and Blockchain use cases surging.
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Blockchain will create a system of trust and seamless transactions, and if you
want to be a part of this growing industry, then it's time to join the Blockchain
certification program.
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Blockchain Council is offering this state of the art certification course, which
impacts all the conceptual and practical knowledge of Blockchain. Join the
Blockchain training and see yourself grow as a Blockchain expert.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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Any questions?
You can mail us at
hello@blockchain-council.org
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