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Blockchain a radically oppertune way of sharing information being a valuable and transformative new age technology. This fact begs the question why this? why now?

For that we need to get to the basics of cryptocurrency technology.

When it comes to technology, China rarely mimics the rest of the world, and the fields of blockchain and cryptocurrency are no different.

Facebook has unveiled its plans to launch its cryptocurrency Libra, and it's clear that the social media giant has bold ambitions.Characterising the cryptocurrency as "a new global currency powered by blockchain technology", the company has designed Libra to be a robust, borderless currency backed by low-volatility assets in a pool known as the Libra Reserve.