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GlobalCoin: Testnet starts next week – New Details on Facebook's Libra Association

according to Reports, Facebook Libra-the Blockchain is already next week, a test at the Start. In addition, a list of well-known partner companies, which includ

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GlobalCoin: Testnet starts next week – New Details on Facebook's Libra Association

according to Reports, Facebook Libra-the Blockchain is already next week, a test at the Start. In addition, a list of well-known partner companies, which include Uber, ebay, PayPal, and MasterCard circulating. Everything you need to know Libra.

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17. June 2019BTC$9.285,00 0.56%part Facebook Twitter LinkedIn xing mail

rumors of a Facebook-crypto-currencies can be traced back to may 2018. At that time, the media platform, Cheddar reported on Facebook's plans to bring a crypto currency to life. Since then, access to and Details about the "GlobalCoin" to the Public.

Facebook Libra starts test operation reports next week

As The Block, appears this week an official Statement from Facebook, which is to announce the Start of the Testnets for the upcoming week. The Block had a pre-inspection on said Post. Furthermore, the source code should run under an Apache 2.0 Open Source license, so that a public access exists.

The Start of the Mainnets, which is controlled by the Libra Association, in the Swiss city of Geneva, is expected in 2020.

well-known partner companies

About the structure of the Libra Blockchain BTC reported-ECHO already last Friday, the 14. June. So there should be only 100 nodes (Nodes), the Facebook awards primarily to high net worth companies in the Silicon Valley. From a decentralization à la Bitcoin can consequently be no question. Each Node Facebook estimated, however, a fee of ten million US dollars. The data companies could collect by using Libra, therefore, up to a billion dollars in capital.

As The Block reported also, the Libra Association, a consortium, consisting of 100 partner companies. They include companies such as Uber, Spotify, Vodafone, Coinbase, ebay, and Andreessen Horowitz, among others. Also, the e-Commerce platform, Mercado Libre, one of the largest e-Commerce provider in Latin America, to integrate the apparently Libra. Thus, customers should be able to of many Latin American Webshop very soon, with the GlobalCoin pay.

Bullish or bearish for BTC?

Whether Facebook's Stable Coin that will be backed by a basket of currencies, will have a positive or negative impact on Bitcoin, is not yet clear. However, BTC brings to the table a number of properties that can not meet GlobalCoin. A centralized cryptocurrency is not censorship-resistant. Also, legitimate anonymity claims of the customer will be able to meet the Facebook-Coin hardly. Finally, the Social Media giant is not just for the responsible handling of personal data.

In any case, Facebook is not guided by its thrust to the public attention again on the topic of crypto-currencies. And that is for Bitcoin good news.

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