Libra Association forms 5-member committee to oversee technical development of the project
January 17, 2020, 6:20AM EST
1 min read
The Libra Association has set up a 5-member “Technical Steering Committee” to oversee the development of the stablecoin project.
The five members are - Anchorage co-founder Diogo Monica, Calibra core product lead George Cabrera III, Bison Trails founder and CEO Joe Lallouz, Union Square Ventures partner Nick Grossman and Mercy Corps emerging technology director Ric Shreves - according to an announcement Thursday. Mercy Corps is a humanitarian aid organization.
The new committee will direct the technical roadmap for the Libra network and guide codebase development as it gears toward the mainnet launch (scheduled for later this year).
The 5-member group will also publish a technical governance framework in Q1 of this year, which will include “the process by which the open source community can propose technical changes to the network and a transparent process for evaluating those proposals.”
Libra was announced last June as an effort to serve the unbanked and facilitate low-fee money transfers globally. It is scheduled to launch by the end of this year, but the regulatory scrutiny it has faced may delay its launch, Facebook CEO Mark Zuckerberg said in an interview late last year.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.