Open Libra Network
@0lnetwork
What is the Libra Coin on 0L Network? Libra Coin is a fork from Facebook's Diem (Libra) blockchain that was announced in 2019. Libra Coin operates on its own high-performance Layer 1 blockchain, known as the 0L Network. In October 2021, Libra Coin began mining.
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Open Libra Network
@0lnetwork
Like Bitcoin, there were no pre-mined coins or dedicated token allocation to any parties; all coins were minted through a mining process. Unlike Bitcoin, which undergoes continuous issuance, Libra Coin has a fixed supply.
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Open Libra Network
@0lnetwork
As of 2023 all the Libra Coin had been issued, establishing a capped supply and making the coin permanently deflationary Fiercely independent, the project has a longterm view because it is unburdened by venture capital funding, "labs" entities, a foundation, and the influence of other blockchain ecosystems Carpe diem
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