Understanding the difference between Bitcoin and Facebook Libra

It has been a few days since Facebook announced the launch of its “cryptocurrency” stablecoin Libra and it is causing mass hysteria in both inside the crypto sphere and across social media. However, Facebook’s Libra does not plan to work on the same principles as Bitcoin. Here are some major differences between the two cryptocurrencies as laid out by the Director of Research at the Coin Center, Peter Van Valkenburgh. The Objective Valkenburgh explains in his research that the Bitcoin cryptocurrency and Libra stablecoin were launched with different objectives in mind. Bitcoin was created with the aim to send and