What are the main differences between Libra and Diem cryptocurrencies?

3 answers

• May 03, 2022 · 3 years ago
  Libra and Diem are both cryptocurrencies, but they have some significant differences. Libra was originally introduced by Facebook, while Diem is a rebranded version of Libra. One major difference is the governance structure. Libra is governed by the Libra Association, which consists of various companies, while Diem is governed by the Diem Association. Another difference is the underlying technology. Libra initially planned to use a permissioned blockchain, but Diem has shifted to a permissioned blockchain. Additionally, Libra aimed to be a global stablecoin, while Diem focuses on serving as a digital currency for specific regions. Overall, while both cryptocurrencies share some similarities, their governance structures, underlying technologies, and goals differ significantly.
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• May 03, 2022 · 3 years ago
  Alright, let's dive into the main differences between Libra and Diem cryptocurrencies. Firstly, Libra was introduced by Facebook in 2019, while Diem is a rebranded version of Libra. Secondly, the governance structure is different. Libra is governed by the Libra Association, which is a consortium of companies, while Diem is governed by the Diem Association. Thirdly, the underlying technology has evolved. Initially, Libra planned to use a permissioned blockchain, but Diem has shifted to a permissioned blockchain. Lastly, their goals differ. Libra aimed to be a global stablecoin, while Diem focuses on serving as a digital currency for specific regions. These differences make Libra and Diem distinct cryptocurrencies in the market.
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• May 03, 2022 · 3 years ago
  When it comes to the main differences between Libra and Diem cryptocurrencies, there are a few key points to consider. Firstly, Libra was initially introduced by Facebook, while Diem is a rebranded version of Libra. Secondly, the governance structure sets them apart. Libra is governed by the Libra Association, which consists of various companies, while Diem is governed by the Diem Association. Thirdly, the underlying technology has undergone changes. Libra initially planned to use a permissioned blockchain, but Diem has shifted to a permissioned blockchain. Lastly, their goals differ. Libra aimed to be a global stablecoin, while Diem focuses on serving as a digital currency for specific regions. These differences make Libra and Diem unique in the world of cryptocurrencies.
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