Libra, a Cyberpunk Nightmare in the Midst of Crypto Spring

Just as Amazon had the power to make their Kindle ebook reader a platform with their combination of money, tech savvy and connection to book sellers big and small, Facebook and the masters of the financial and tech world have the power to create a platform and push it into the hands of billions. A number of writers have pointed out that Libra’s consensus system looks a lot like Proof of Stake, but it’s more accurate to say it functions like Delegated Proof of Stake, popularized by EOS and other platforms. Unlike other cryptocurrencies with a fixed money supply that’s slowly released over time, Libra’s currency gets created or destroyed as money comes into the system.

Source: hackernoon.com