Yesterday, non-profit
Libra Association
announced it voted to establish a Technical Steering Committee (TSC) for the Libra project. The TSC will oversee and coordinate the technical design and development of the Libra network. Late last year Libra made other changes, including forming new companies and updating its stated mission to emphasize payments rather than currency.
Libra is the stable coin and payments network
initially founded by Facebook. The blockchain platform has attracted
21 corporate members, although some big names such a
Mastercard, Visa and Paypal withdrew, apparently over concerns about increased regulatory oversight.
The TSC will direct the technical roadmap for the Libra network, form technical working groups, assist in developing code and build a Libra developer community.
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