The Libra protocol allows a set of replicas—referred to as validators—from different authorities to jointly maintain a database of programmable resources.
There’s no mincing of words here—the system will be controlled by a set of authorities in a top-down fashion. However, note that it says the database is for “programmable resources” rather than just digital currency.
These resources are owned by different user accounts authenticated by public key cryptography and adhere to custom rules specified by the developers of these resources.
The use of generic words such as “resources” makes me suspect that this is for far more than just a stablecoin.
The Libra protocol allows a set of replicas—referred to as validators—from different authorities to jointly maintain a database of programmable resources.
There’s no mincing of words here—the system will be controlled by a set of authorities in a top-down fashion. However, note that it says the database is for “programmable resources” rather than just digital currency.
These resources are owned by different user accounts authenticated by public key cryptography and adhere to custom rules specified by the developers of these resources.
The use of generic words such as “resources” makes me suspect that this is for far more than just a stablecoin.
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