Hi there :)
As promised, here is the Part II of Libra cryptocurrency. Let’s dig right in. (Part I can be found here).
How is Libra similar or different from other cryptocurrencies?
Cryptocurrency by definition is a decentralised digital coin that isn’t governed by any central authority, for example, banks and governments. Each transaction is added to a block and listed in the blockchain.
Unlike banks where there are headquarters and a governing administrative body, cryptocurrency draws strength from its decentralisation. As a counterpart to the faulty traditional banking system, the blockchain gives power and control back to the people. With low transaction fees, fast time, and transparency as its main marketing points, digital...