Libra 2.0 Roadmap Under Construction, Preparing For Mainnet Launch

Libra 2.0 roadmap is under construction and the team is preparing for the mainnet launch, hoping to get the much-needed approval as we are reading further in the Libra latest news today.

Facebook’s Libra still has no set dates for an actual launch but it continues to build up its community and according to the recent blog posts by the developers that suggest the project is still operation and already test the technology with Libra association members. The Libra 2.0 roadmap includes working more on the mainnet and establishing the criteria for the launch as well as educating the community on contributing more to the project. In the blog post the developer team stated:

‘’We have finished relevant design work and have gone through a thorough, bottom-up timeline plan for all features. We are now working on a full set of Libra protocol architecture documents and finalizing our external APIs with input from the community. Moving forward, we are starting to identify the work needed to enable the community that the Libra project hopes to attract.’’

The Libra testnet is now running on eight testnet validator nodes while tests are being done on its potential flaws and consensus mechanisms. The developer team works on establishing a validator node for the non-technical members who may hire an outside team to support their node. While this process in under construction, many members could get an invite to the Libra Association and the collection of potential validators will have to make a significant contribution to become the block producers. The exact list of validators is still unknown but the Libra Association lost a lot of members that were payment service providers including MasterCard and PayPal.

The long-term vision for Libra is to take new members and to scale validator nodes up to 100. Running a validator node is a skill that can be taught and more validators will be attracted to the consortium. The project will aim to bring together a community of validators in the near future. Also, the launch of Facebook’s cryptocurrency still depends on wallet compliance and they want to handle the reserves to back the stablecoin.

Libra could take the better part of the new year to get a launch date while the criteria for the roadmap is still in development.
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The member of the board of Libra Association Patrick Ellis stated:

 ‘’At this stage, there is no strategy set in stone for the markets or the product, or how it will actually get rolled out’’