FACEBOOK’S NEW CRYPTOCURRENCY- LIBRA Flashcards
1
Q
what
A
digital currency by facebook
2
Q
why called libra
A
The name Libra comes from the basic Roman measurement of weight
3
Q
Who is in charge of Libra?
A
collective of companies called the “Libra Association”
4
Q
about the cryptocurrencies?
A
-cryptocurrencies enable transfer of money between
parties, without going through a banking system.
-These digital payment systems are based on cryptographic proof of the chain of transactions
5
Q
How cryptocurrency works?
A
- users buy and store in any of several available digital wallets
- currency s powered by a technology called blockchain, which gets updated in real time.
6
Q
how the authenticity of transaction is checked
A
cryptographic proof
