Скачать или смотреть Facebook Coin Review | Diem Coin Review in Telugu

‪@DigitalTraderTelugu‬
Hello everyone,
Facebook Diem is a soon-to-be-launched permissionless payment system based on blockchain technology. The system will have a stablecoin called Diem and run on its blockchain network.

Although Facebook proposed the project, Diem Association will oversee the entire operation of the project for transparency's sake. The Diem Association is a body of companies from different sectors of the economy, including technology, fintech, telecoms, venture capital and nonprofits.

The initial coin, Libra, was not decentralized, and neither is Diem. While the goal is to be permissionless, the current plan is for Diem to run on a permissioned blockchain. Consequently, only members of the Diem Association can run transactions on it.

However, it is so because the development team has not yet developed a robust solution that can handle permissionless transactions for its billions of potential users. Enthusiasts are hopeful this will change as soon as the project develops in the pipeline.

In the long run, the ultimate objective of Diem is to help the world to gain access to financial services easier and faster. The United States dollar, the euro, the British pound, and other major fiat currencies will back up the Diem Project. If the project gets approval from the U.S. regulators, Diem will function as a full-scale central bank that runs on blockchain technology. As you probably know, this is nothing like Bitcoin (BTC) and others.

Facebook details 🔗Link: https://cointelegraph.com/news/one-cu...

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