Research report | Libra is still on the line, the project development is hot

Summary of points:

1. The project has a high development fever: the number of Libra test network addresses has completely surpassed the Ethereum 2.0 test network.

2. At this stage, the target of less than 25% of Calibra participation is not realized; if the target value of the main online line is less than 1%, it is still necessary to observe.

3. The Libra Association's partner industry is highly concentrated, and the disadvantages of the payment channel providers after the card organization and Paypal leave the market are obvious.

4. Regulatory concerns about Libra's core concerns shift from technical risk to US dollars; meaning that regulators are beginning to consider the impact of Libra's release on the US dollar currency system.

5. The anti-discrimination policy and the renminbi issue have also been included in the scope of thinking at the regulatory level.

6. Both parties have concerns about the Libra project; the Democratic Party is more intense.

7. Libra will not conduct the main online line until the regulatory concerns are not completely eliminated.

8. The October 19th hearing was a successful self-salvation for Facebook, helping to address Facebook's “very poor” corporate image and the potential profit growth point of the future.

9. The hearing debate has nothing to do with the blockchain itself, but the future trend of blockchain development will certainly create more intersections with the regulatory layer.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Opinion

Checklist of 9 popular cryptocurrencies virtual credit cards

Cryptocurrency virtual credit cards launched by cryptocurrency exchanges (such as Binance) allow for consumption and ...

Blockchain

Featured | Messari Founder: Recent Frustrations and Hopes in the Industry; Innovations in the Bitcoin Technology Stack

Today's content includes: 1. Founder of Messari: the recent frustration and hope of the industry; 2.Innovation i...

Opinion

One year after the FTX crash, have the once badly affected market makers in the crypto world recovered?

Alameda Research is the core trading company of Sam Bankman-Fried's failed crypto empire, and after the company's col...

Blockchain

Deep Dive into Uniswap V4: A "Masterpiece" of Decentralized Exchange

Updates to Uniswap V4 could further enhance its position in the DEX space, with the "hooks" feature greatly improving...

Blockchain

The hacker is keeping a close eye on the currency exchange: 5 were killed and 8 were "Lai Lai"

Digital currency is becoming a fertile ground for hackers. The hot exchange is undoubtedly a huge "gold mine&quo...

Blockchain

Bybit Airdrop Gifts are available for a limited time! Teach you how to receive 1632 USDT in 10 minutes!

Bybit, this is a professional derivatives exchange with nearly 70% overseas users, with a daily trading volume of mor...