- The council of the Libra Association castes their votes in favor of establishing a Technical Steering Committee (TSC) for the Libra project.
- Mr. Diogo Monica, if Libra wishes to serve billions of users worldwide, then the security must be the foundation.
On 16th December 2019, the council of the Libra Association castes their votes in favor of establishing a Technical Steering Committee (TSC) for the Libra project. They also elected five members that each contributes a unique perspective and bring valuable domain expertise to the project.
The role which will be practiced by the Technical Steering Committee would be to oversee and coordinate the technical design and development of the Libra network.
The responsibilities which have been out upon them briefly includes the following five things; Firstly, it will be directing the technical roadmap for the Libra network. Secondly, they will also form Technical Working Groups to fast-track the research into selected specific issues.
Thirdly, they will also guide the codebase development. Fourthly, they would aim at building a healthy and engaged Libra developer community.
Lastly, they will try to establish an independent TSC that is responsible for the technical development of the Libra network. This considered being an essential step forward for the Libra project.
As stated by the co-founder and president at Anchorage, Mr. Diogo Monica, if Libra wishes to serve billions of users worldwide, then the security must be the foundation. They are using the best of modern security engineering to prepare the Libra network to operate on a global scale.
Further, Joe Lallouz, also added that their goal was to ensure that the Libra network is decentralized, safe, as well as well-orchestrated, along with the infrastructure in place to support billions of transactions.
Nick Grossman also stated that the Libra has the potential to be a breakthrough project in the digital asset and payments space. To achieve this, the project should demonstrate credible independence and be welcoming to potential partners and contributors.
Additionally, Ric Shreves stated that it had designed from the idea of being transparent by default. The philosophy of open source participation would govern it. This will make the Libra network a unique opportunity to build a financially inclusive world.
More information regarding the same would be released soon, and it will also give out information about the working of the developing community members.
They are also looking for someone to fill the new role of Technical Program Manager, who will be responsible for shepherding the product roadmap along with the Technical Steering Committee and helping facilitate developer community involvement.