Libra Network Logged 30+ Projects In The Past 2 Months Of Testing

There were apparently more than 30 projects and 51,000 transactions which the Libra network logged over the past two months of testing. As the Libra Associaiton (which stands behind the upcoming stablecoin by Facebook) noted, despite the controversial stance towards the coin the project managed to fulfil its goals and record many projects and transactions.

It was the controversial stance towards Libra and the loss of around a quarter of its founding partners which made the general public skeptical about the coin’s future. However, the Libra network logged many projects and has plans to introduce a range of new features in the coming months, as an officially published press release on November 15 shows.

Around ten wallets, 11 blockchain explorers, one integrated development environment, an application programming interface (API) and 11 clients have taken part in the development of the network.

The Libra network logged more than 51,000 transactions on top of that (since activating its testnet on September 17). As we previously reported in our Libra coin news, non-custodial keyless cryptocurrency wallet solution ZenGo started supporting this testnet in mid-August and allowed users to send and receive the stablecoin, just like any other cryptocurrency, but in a test mode.

The plans for the upcoming months for Libra are to launch new process for the Contributor License Agreements (CLAs) which will be completed. This is aimed at the improvement of the way CLAs are submitted, reviewed and verified for both individuals and businesses. The organization also plans to deploy around 100 nodes on the mainnet, representing a mix of on-premises and cloud-hosted infrastructure.

Among the other objectives besides the milestones that the Libra network logged, we can also see the establishment of a Technical Steering Committee which will be set up to supervise and manage the technical design and development of the Libra network on behalf of its association members.

Meanwhile, Facebook launched a new fiat payment system called Facebook Pay earlier this month. The system is designed to facilitate payments across many platforms including Instagram, Facebook, WhatsApp and Messenger. However, the firm made it clear that the payment service will be kept separate form the new Facebook Calibra wallet and the Libra network.