Facebook’s Libra Nodes Are Live on ‘Pre-Mainnet,’ Roadmap Confirms

Published at: Oct. 3, 2019

Facebook’s Libra digital currency developers have released a new roadmap outlining steps toward its mainnet launch. 

The update from the Libra Foundation published on Oct. 2 highlights various points of interest for both developers and those who operate the protocol’s nodes. 

Devs focus on mainnet preparations

Currently running as a testnet, Libra aims to iron out technical challenges prior to a mainnet launch, yet without an official launch date. The roadmap reads:

“Launching the Testnet has allowed the team to quickly improve Libra Core by making it easy to troubleshoot, diagnose, and resolve software edge cases. The Testnet demonstrates Libra network functionality and provides early access to developers. Following the Testnet, we hope to have a successful launch of the Libra Mainnet.” 

Pre-Mainnet gathers nodes

Libra developers have also created a staging environment dubbed “Pre-Mainnet”. It is currently only accessible to partner nodes to allow them to connect to each other. Several partners “have already deployed their nodes and have them communicating,” the roadmap states, adding:

“We expect to have more partners coming online shortly. We want to ensure the Libra network can meet rigorous performance benchmarks and overall system stability before opening access.”

Libra’s issues with regulators

As Cointelegraph reported, Libra continues to face various hurdles following its initial announcement several months ago.

This week, it emerged several potential node operators had concerns about their regulatory standing by being involved in the project. Prior to that, Facebook CEO Mark Zuckerberg appeared unwilling to confirm previous assumptions Libra would launch in late 2020.

Tags
Altcoin
Digital Currency
Facebook
Libra
Related Posts
Facebook’s Libra Pushed World to Reconsider USD as Global Reserve Currency: WEF
Major global economists credit Facebook’s Libra with pushing the world to start reconsidering the United States dollar as anchor currency. At a Jan. 23 panel at the annual World Economic Forum (WEF) in Davos, officials and financial experts discussed one of the most important mechanisms in the global financing system — the U.S. dollar, which has become the world’s reserve currency. Libra evoked a future digital currency Called “Challenging the Dominance of the Dollar,” the panel focused on factors that make the U.S. dollar the world’s dominant payment system and reserve currency, as well as the fact that countries over …
Altcoin / Jan. 23, 2020
Update: PayPal Officially Pulls Out of Libra Association
Disclaimer: This article previously stated that PayPal was possibly withdrawing from the Libra Association. It has since been updated to reflect its official withdrawal. Payment processor PayPal has officially left the Libra Association, the governing body of Facebook’s Libra digital currency. Libra “Pre-work” is not enough for PayPal As news agency Financial Times reported on Oct. 3, PayPal did not attend a meeting of 28 Libra backers on Thursday. Following the payment provider’s no-show, a spokesperson for the firm told Cointelegraph on Oct. 4 that it officially left the association, adding: “We remain supportive of Libra’s aspirations and look forward …
Altcoin / Oct. 4, 2019
Zuckerberg: ‘Sensitive for Society’ Libra Crypto Has No Launch Date
Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. Zuckerberg on Libra: Talking first, rollout second Speaking in an interview with Asia-based news outlet Nikkei on Sept. 26, Zuckerberg appeared to show a rare display of fear in the face of mounting regulatory scrutiny of Libra. Facebook’s digital currency has come under fire from governments worldwide since its whitepaper appeared several months ago. High-profile regulatory hearings have so far failed to quash the negative reactions; governments fear Libra will undermine fiat currency systems. “Part of the approach and how we've …
Altcoin / Sept. 26, 2019
Libra Might Become Unrecognizable by Navigating Regulatory Concerns
Amid the regulatory storm facing Libra, the project’s hierarchy is looking to change one important detail of the payment system: using fiat-pegged stablecoins rather than a token supported by a basket of national currencies. The Libra Association says such considerations are part of efforts to create a more agile payment platform. Meanwhile, the furor over the controversial Libra has begun to take a more political undertone, both within and outside the United States. Arguments for and against the project now seem to include issues surrounding the trade war between the U.S. and China. In Europe, China’s response to Facebook’s crypto …
United States / Oct. 28, 2019
What Role Should Central Banks Have Launching Stablecoins Like Libra?
Ever since the vision for a Libra stablecoin was unveiled in its white paper back in June, Facebook has suffered a startling backlash from countries around the world. Some American politicians have claimed the digital currency has the potential to be more dangerous than 9/11. Lawmakers over in Europe haven’t been too kind either, with Germany’s finance minister warning he is “very, very skeptical” about the project. The main bone of contention with Libra has been the notion of a private company creating a currency designed to rival the likes of the dollar and the pound. Critics fear it would …
Regulation / Oct. 21, 2019