Libra Association Forms “Technical Steering Committee” | Cryptoknowmics
The Facebook Libra Cryptocurrency Project Association has formed a five-member committee to oversee the technical development of stablecoin.
The new structure will oversee adherence to the network’s roadmap and guide the development of the codebase as it moves towards a launch scheduled for late 2020..
In the first quarter, the committee will also present a governance structure that will allow the community to make proposals for changes to the technical content of the project and ensure a transparent process for their evaluation..
Facebook announced the Libra stablecoin in June last year, positioning it as a convenient and cheap tool for money transfers and payments around the world. Although the launch of the network is scheduled for the end of this year, pressure from the regulators of the leading countries has called into question not only the timing, but also the prospects for the existence of the cryptocurrency itself..
However, the team did not suspend work and in November reported that 51 thousand transactions had already been carried out on the test network and 34 projects were launched..
text: Ivan Malichenko, photo: Shutterstock