What is the Libra blockchain?

The Libra blockchain is open source, which means that anyone can build on it and it can cater to the financial needs of billions of people. The unit of currency of this blockchain is called Libra. Unlike a majority of the other cryptocurrencies, Libra is backed by a reserve of real assets.

What is Facebook's Libra cryptocurrency?

The focus of Libra is to create a currency that empowers billions of people, allowing them to engage in frictionless financial transactions in a simple, secure, and cost-effective manner. [ 2] But Facebook is launching two cryptocurrencies not just Libra.

Is Libra a decentralized cryptocurrency?

The cryptocurrency was also NOT decentralized even though the white paper highlighted a plan to become decentralized. Issues surrounding privacy practices from regulators ultimately hindered Libra from becoming a mainstream currency.

What is the Libra Association?

The Libra Association is described by Facebook as an independent, not-for-profit organisation based in Switzerland. It serves two main functions: to validate transactions on the Libra blockchain and to manage the reserve Libra is tied to and allocate funds to social causes.