1 day ago Backing Libra with traditional currencies is designed to help solve the problem of price volatility, which continues to plague cryptocurrencies. Libra is built on an open-source blockchain called the Libra Blockchain featuring its own proof-of-stake protocol. The Libra mission is to reinvent money and. The new coin, dubbed Libra, is a stablecoin of sorts, though it functions much differently than currencies like tether. Additionally, Facebook has.