Libra

LIBRA

Forked from Facebook Libra codebase back in 2020, the "Open Libra" project presents a "liberated Libra". On top of the best-in-class Diem technology, a community of creators and entrepreneurs assembled to have a regulatory-pure, community owned, community driven, egalitarian coin. The project saw the Mainnet genesis back in October 2021, and recently (December 23') went through a major upgrade that integrated recent technical developments introduced to the diem core code mostly by the Aptos team. On top of the technical substrate, the community introduced a set of "policies" that define the economical mechanism design of the community. That includes a first-ever implementation of a novel concept called Proof-of-Fee to include validators in the validation set in a fair, permissionless and inclusive manner. The project launched in a fair launch, no investors, no VCs, no pre-mined coins. Purely an exercise in meritocratic approach to economy.