Libra Protocol Description
Libra Protocol. Libra Protocol, also known as the Libra Blockchain, is a permissioned blockchain developed by Facebook as part of the Libra cryptocurrency project. The Libra project was announced in 2019 and aims to provide a stable, low-volatility cryptocurrency that can be used for online transactions around the world. The Libra Protocol is designed to enable fast and secure transactions, with the goal of creating a global financial infrastructure that is accessible to everyone, regardless of their location or financial status. However, it's important to note that the project has faced significant regulatory and legal challenges, which have led to delays and changes to the project's original design. The Libra Association, which was initially responsible for overseeing the project, has been restructured, and the Libra cryptocurrency itself has been renamed to Diem. The Diem Association, which now oversees the project, has also changed the project's design to address some of the concerns raised by regulators and governments.