Facebook has eventually revealed details of its cryptocurrency platform, called Libra. In this blog post we will try to analyze, what does it bring to the cryptocurrency world and whether there are enough organizational and technical preconditions for it to be adopted.
For most people, the growing popularity of blockchain technology was only connected with the rapid growth of cryptocurrencies. Now, when all the initial hype around Bitcoin and other cryptos is gone, more and more people realize that the blockchain technology is not just another investment tool, but a technology that can change our lives as the Internet did.
Smart Contracts are small computer programs, which “live” on blockchain. One significant advantage of them is the blockchain making it impossible to tamper or hack these applications.
We all have heard about such revolutionary technology as blockchain (also known as distributed ledger technology) and its most famous implementation - Bitcoin. Those are the append-only, immutable and distributed features of blockchain technology which make it so attractive to the developers and the businesses around the world.