• Lucas Geiger said OpenLibra is going to hijack Libra, but in a "non-adversarial" way (Lane Rettig, via Twitter).
    Lucas Geiger said OpenLibra is going to hijack Libra, but in a "non-adversarial" way (Lane Rettig, via Twitter).
    Libra

    OpenLibra plans fork to create Facebook-free version of Libra stablecoin

    A group of blockchain developers threatened to split the Libra cryptocurrency’s blockchain and create a competitor free from corporate control

    October 9, 2019 /

    Facebook’s Libra stablecoin may be years from becoming a reality, but that didn’t stop a group of blockchain companies calling itself OpenLibra from announcing plans to fork the stablecoin. News of the preemptive split came at the Ethereum developer conference Devcon 5 in Osaka, Japan on October 9. Lucas Geiger, co-founder of blockchain infrastructure firm Wireline, described the OpenLibra project, as aimed squarely at the corporate control of Libra. Essentially, OpenLibra would be pegged to the Libra coin, a cryptocurrency which will be backed by a basket of fiat currencies to keep its price level. Using the tagline “lock the door open,” the newly launched OpenLibra website called itself an…

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  • The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    Libra

    Facebook stands firm on 2020 Libra cryptocurrency launch

    Despite heavy resistance, the head of the Libra Association said the group is ‘firmly maintaining’ plans to take its stablecoin live as early as June

    September 13, 2019 /

    Facebook’s cryptocurrency will launch as early as June 2020, Libra Association head Bertrand Perez told a French newspaper on September 13.

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