Everything You Need to Know About the Facebook’s Cryptocurrency, Libra

What is Facebook’s Cryptocurrency, Libra?

To better understand the Facebook Cryptocurrency, Libra; let us first discuss what actually is a cryptocurrency. So, cryptocurrency is a digital currency operating independently without the involvement of any central controlling unity in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, e.g Bitcoin, Ethereum, Ripple and so on. Here Libra is also one among such cryptocurrency that is put forward by the America social media conglomerate, the Facebook. It is supposed to be managed and entrusted by Libra Association that includes Facebook’s subsidiary Calibra and 27 other across payment, technology, telecommunication, online marketplace, venture capital and non-profit.
At the time of composing this article(As on June 28, 2019), the currency and network do not exist; however, some experimental codes have already been released

History of the Facebook Cryptocurrency Libra

The first reports of Facebook planning a cryptocurrency, with David A. Marcus in charge in came a few days after he moved from Facebook Messenger to a new blockchain division in May of 2018. (David A. Marcus is the vice president of Facebook)
Confirmation of the project that Facebook is intended to launch a cryptocurrency emerged for the first time in May of 2019, at that time it was named GlobalCoin or Facebook Coin. 

Later on June 18, 2019; Libra was formally announced. The first version is intended to be released in 2019.

How Facebook Cryptocurrency, Libra is different from other cryptocurrencies in the market?

The plan is for the Libra token to be backed by financial assets such as a basket of currencies and US Treasury Security in an attempt to avoid volatility Facebook has announced that each of the partners will inject an initial US$10 million, so Libra has full as assets backing on the day it opens.
Libra service partners, within the Libra Association, will create new Libra currency units based on demand. Libra currency units will be retired as they are redeemed for conventional currency.
Initial reconciliation of transactions will be performed at each service partner, and the blockchain’s distributed ledgers will be used for reconciliation between service partners. The intent is to help prevent everyone but members of the Libra Association from trying to extract and analyze data from the distributed ledger.
In contrast to cryptocurrencies such as bitcoin which use permissionless blockchain. Libra is not decentralized, relying on trust in the Libra Association as “a de facto central bank”.

The libra will not reply on cryptocurrency mining rather the Libra Association would release as much Libra as needed depending upon the demand of the market and each unit would be retired once they are converted to conventional currencies. Unlike many of the other many cryptocurrencies based on permissionless blockchain technology, Libra will be the permissioned blockchain and every transaction would only be able to be processed through the members of the Libra Association; however, as per the present information out there, Facebook has a plan to go to permissionless blockchain pattern like that of the Bitcoin or others in the next five years time.

Members of the Libra Association

Facebook had previously established the Libra Association to oversee the currency, founded by 28 members in Geneva, Switzerland:
  • Payments: Mastercard, PayPal, PayU, Stripe, Visa Inc.
  • Technology and marketplaces: Booking HoldingseBay, Facebook‘s subsidiary Calibra, Farfetch, Lyft, MercadoPago, Spotify, Uber
  • Telecommunications: Iliad SA, Vodafone
  • Blockchain: Anchorage, Bison Trails, Coinbase, Xapo
  • Venture capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
  • Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking
The association hopes to grow to 100 members with an equal vote, while Facebook expects to “maintain a leadership role through 2019”.

Everything you need to know before you start investing in stock market as a beginner without much knowledge and experience

Creating wealth is the common interest of we all. The interesting part is that when it comes to making a huge amount of money then the only way that can help is investing in the stock market. In this article, I am going to discuss everything that you need to know before starting to invest in the stock market. So, let’s begin.

Learn the basics of finance and accounting

As we know when it comes to dealing with the financial sector, it is very important to have basic knowledge about finance and account. One must have knowledge about how to read a balance sheet, profit, and loss statements and all. It is equally important to have information about some of the keywords of the financial market.

The financial health of the company

There should be very sincere research and strategic planning before starting the actual investment. You should have a shortlist of the best-performing companies that you want to invest in. You should study everything about the company’s history, performance, team, management, revenue, profit and loss and all. All these factors give a quick analysis of how the future of the company will be.

Research on the macro-factors

There are some macro factors that affect the company indirectly like the location, government, political situation of the country, etc. Location of a has also an important role in making it successful. For instance, a company located in a place where the labor cost and resources are cheap would produce better revenue and profit than the one situated in a more expensive place. The government and political situation of a country are one of the greatest factors behind the success and failure of a company. Therefore, one should study the political situation and the government policies about the business of the company.

Shortlist of the company you want to invest in

You should choose only the best performing company based on the findings of your research and from the long list. You should never invest randomly any all the company without proper research and knowledge of the business you are going to invest in. 
Open trading account and effort to find free brokerage if possible because there are a number of cases where one can get free brokerage and when it’s free then why to go for a paid one

Slow and steady wins the race

You should never invest all of your money at once because there is no perfect formula to predict 100% success of a company. Therefore, you should start by investing a small amount and should constantly keep on learning more about the stock market. In the beginning, you should go for bluechip stocks. Another important thing is you should never make a conclusion based on experts from TV and social media groups.

Have patience

As Benjamin Franklin has written in his book, The Intelligent Investor, the stock market is all about emotional intelligence rather than IQ. Therefore, you must have control over your emotion and reaction towards the market. You should always go for a long term and must have proper idea about WHAT TO BUY, WHEN TO BUY AND WHEN TO SELL.

Never put all your eggs in one basket

You should never invest all your money in a single company rather you should always keep your portfolio diversified but it should not be too much diversified, because another philosophy investment says to keep your eggs in one basket and watch it carefully; however, keeping eggs in one basket and watching it closely is not always going to be the best choice. In the name of diversification, you should never invest in a business that you do not understand and have no or very little knowledge about. 


How to make decent money from a blog in 2019

Is blogging really dead?

Many of the digital marketers are nowadays saying that blogging is already dead; however, they are not true at all. In fact, to say, the field of blogging can never be dead until there are internet and device to use it. The only thing that can happen is some changes and modifications in the way of blogging then it used to be. As science and technology are changing every single day, a blogger must keep him/her up to date with every kind of changes that took place and they should be able to modify their way of working according to the demand of time and circumstance.
As we know, the main thing that is required to make money from a blog is a good number of visitors on it and good content. Along with writing great contents, the blogger should also be wise and active enough to use proper strategies to drive traffic to their blog that could only be the way to make them able to generate revenue.

How to create interesting content for your blog?

The most important thing that makes a blog successful is the content on it. The contents should be engaging and must be able to add some value to the readers. The information presented in it should be up to date and complete. Proper study and research should be done to create contents. Great contents are great assets. To create contents, you can take help from other existing blogs there and contribute to making it even better and up to date. Proper use of informative image and video related to the topic adds extra value to make it more relevant.

Modern methods to increase your blog traffic

If we compare the ways that were available to market a blog in the past with the ways that we have now, we can say without any doubt that it is far easy to market our contents on our site to make it searchable for the audience out there. There are a number of social media that are available these days that can be boon to grow our blog if they are used in the right way with proper strategy. We use social media like Facebook, Twitter, Instagram, Linkedin, etc. Social media are among the fastest and the easiest way to drive traffic to our blog. The only thing that is needed is to have social media with a good number of visitors where we can share our blog post to get the quick and instant audience to read it. Social media not only help to get easy and fast traffic but also help to improve the Search Engine Optimization that would help get organic traffic later.

Ways to monetize a blog other than just selling advertisements

Once you get started a good number of visitors on your blog, there are a number of ways that you can use to monetize your blog. Many of the bloggers think that only selling advertisement like from Google Adsense or Media.net, etc are only the way to monetize a blog but that is the case. There are other so many effective ways to monetize a blog that can help you generate even better revenue than selling advertisements on it. If you think and analyze yourself that what benefits are the people getting who are using your blog traffic to advertise their business, then I am pretty sure that you can better understand the power of your blog traffic that would definitely make you think about applying other modes of monetization. When you let other people show their ads on your blog, then you are giving space to people to make money that you could use for yourself. Instead of selling ads on your blog, I would recommend you to share own products that could be any digital or physical. This could help to generate more revenue than just selling ads. The more interesting thing is that unlike selling ads, you do not need very high traffic to sell products. You can start selling with any number of visitors until the audience is genuine. (Here genuine audience refers to the traffic related to your business or product you sell)