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Technology/Business: On June 18th, 2019, what company formally announced its proposed cryptocurrency, Libra, with its first version projected for release in 2020? Industry observers have speculated whether Libra will provide meaningful privacy to its users.
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| Google |
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| Amazon |
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| Apple |
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| Facebook |
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In contrast to cryptocurrencies which use permissionless blockchains, such as Bitcoin, Libra is not decentralized, relying on trust in the Libra Association as "a de facto central bank". The plan is for the Libra token to be backed by financial assets, such as a basket of currencies and US Treasury securities, to limit volatility. Libra's source code is written in Rust and published as open source.
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The correct answer was Facebook
In contrast to cryptocurrencies which use permissionless blockchains, such as Bitcoin, Libra is not decentralized, relying on trust in the Libra Association as "a de facto central bank". The plan is for the Libra token to be backed by financial assets, such as a basket of currencies and US Treasury securities, to limit volatility. Libra's source code is written in Rust and published as open source.
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