Economist and academic John Vaz believes that Facebook's Libra stablecoin is still shaping up to be Bitcoin's strongest competition. Vaz said that “the biggest competition for Bitcoin comes from other cryptocurrencies”. ...
But, how is Libra different than Bitcoin?
“Bitcoin is permissionless, fully decentralized, deflationary and volatile. Libra is permissioned, more centralized, governed by supply and demand and pegged to fiat currencies.” ... “Libras are created or burned when one of Libra's authorized resellers deposit or withdraw money from its reserve.”
After all, what makes Libra different? Libras are known for being charming, beautiful, and well-balanced. They thrive on making things orderly and aesthetically pleasing. ... Libras are also the kings and queens of compromise, and they like making peace between others.
However, is Libra like Bitcoin?
In contrast to cryptocurrencies such as bitcoin which use permissionless blockchains, Libra is not decentralized, relying on trust in the Libra Association as "a de facto central bank".
How can you buy Libra?
Libra Credit was founded on 2018-04-12. While Coinsquare does not support this token, it may be purchased on other trading platforms for any major cryptocurrency, like BTC, ETH, and XRP or fiat currency such as Canadian dollar, US dollar, and Euro.