DMPQ: Write a short note on Libra.

The mission for Libra is a simple global currency and financial infrastructure that empowers billions of people. Libra is made up of three parts that will work together to create a more inclusive financial system:

  1. It is built on a secure, scalable, and reliable blockchain;
  2. It is backed by a reserve of assets designed to give it intrinsic value;
  3. It is governed by the independent Libra Association tasked with evolving the ecosystem.

The Libra currency is built on the “Libra Blockchain.” Because it is intended to address a global audience, the software that implements the Libra Blockchain is open source — designed so that anyone can build on it, and billions of people can depend on it for their financial needs. Imagine an open, interoperable ecosystem of financial services that developers and organizations will build to help people and businesses hold and transfer Libra for everyday use. With the proliferation of smartphones and wireless data, increasingly more people will be online and able to access Libra through these new services. To enable the Libra ecosystem to achieve this vision over time, the blockchain has been built from the ground up to prioritize scalability, security, efficiency in storage and throughput, and future adaptability.

 

UPPCS Notes brings Prelims and Mains programs for UPPCS Prelims and UPPCS Mains Exam preparation. Various Programs initiated by UPPCS Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry––

UPPSC Mains Test Series 2020

Subscribe our Test Series program to get access to 20 Quality mock tests for UPPSC Preparation.

Click Here for Mains Test Series and Notes

Click Here for Mains Printed Notes (With COD)

Hope we have satisfied your need for UPPSC Prelims and Mains Preparation

Kindly review us to serve even better

[jetpack_subscription_form title=”Subscribe to UPPSC Notes” subscribe_text=”Never Miss any UPPSC important update!” subscribe_button=”Sign Me Up” show_subscribers_total=”1″]