The provider of staking services and blockchain technology, Bison Trailannounced the Introduction of the QT protocol (Query and Transactions Clusters), which developers can use to build on Facebook’s upcoming Libra network.
Libra QT provides a bridge between Libra’s pre-mainnet and off-chain systemsThis allows the dedicated off-chain infrastructure to read data and write it to the blockchain network.
According to a November 25 announcement by Bison Trails, the cryptocurrency company providing blockchain infrastructure and services, “Libra QT offers fully managed, dedicated, and highly resilient Libra read / write nodes and support systems without the hassle and cost of running them in-house.”. Bison Trails Co-Founder and CTO Aaron Henshaw said:
“Libra QT is an important part of our product offering for the Libra ecosystem. It enables people building on Libra to safely and easily integrate their exchanges and wallets and create new and exciting applications. “
Developers can use Bison Trails Libra QT to Create wallets, exchanges and other services for virtual assets on the Libra mainnet. Bison Trails is a founding member of the Libra Association.
Libra QT also enables payment processing and transaction validation and special use cases such as market making and intelligent contract creation.
Since the severe regulatory setback in 2019, the Libra Association has moved away from the media spotlight to redesign the project and has drawn little attention since then announced former managing director of HSBC, Credit Suisse and Santander, Ian Jenkins, as chief financial officer and chief risk officer last month.
In a recent interview, the cryptoskeptic David Gerardwho wrote a book about Libra described the “uniformity” of the international regulators’ opt-out response to the scales as “fluctuating”and noted that lawmakers around the world put immediate obstacles to the project and set itself the goal of strengthening the existing legislation protecting against “global stable coins”.
Gerard believes the threat of global “libraization” was too great for regulators to ignoreand that the scales challenged the sovereignty of monetary policy.
“It’s like dollarizing what the word is when a country’s economy is completely outperformed by US dollars. […] Libraization could be done in the same way, that would be bad enough because while the Federal Reserve holds the US dollar for US interests […] Dollarization has a public aspect. “
The Libra Association expanded its membership to 30 this yearincluding the establishment of the leading venture capital company DLT, Blockchain Capitaland major e-commerce companies Shopify Y. Checkout.com.