The Libra Association is an independent, non-profit membership organization overseeing the growth of the Libra digital currency ecosystem. The association members intend to work with policymakers as the Libra ecosystem is developed and operationalized and as regulations adapt to address innovation and other changes in the market.
The Founding Members of the Libra Association will each run a validator node in the BFT-based Libra Blockchain. Known members include:
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- Libra (cryptocurrency)A cryptocurrency created by Facebook that is backed by real-world assets (a basket of bank deposits and short-term government securities). Libra is managed by a non-profit organization regulated by the Swiss financial authority known as the Libra Association; consisting of Facebook, Calibra (a subsidiary of Facebook), and 27 other companies.
- Move (programming language)Programming language based on Rust that was created by Facebook for developing customizable transaction logic and smart contracts for the Libra digital currency.
- Facebook is a social networking platform.