This article comes fromDecrypt, original author: Tim Copeland

Odaily Translator |

This article comes from

, original author: Tim Copeland

Odaily Translator |

David Marcus, head of Facebook's cryptocurrency project Libra and former president of PayPal, answered questions about Libra in an interview with Decrypt.

In response to the closely watched question of "how Facebook will handle the privacy requirements involved in so much financial information", David said: "We don't want financial data and social data to be mixed. We heard all kinds of voices clearly. If we The only way to compete with other wallets on the web is to make a strong promise that Facebook will not access financial data on the Calibra wallet.”

David also refuted the notion that “big companies that spend $10 million to become Libra nodes are buying financial data.” He said: (The above situation) Absolutely not. Investments are made to align parties in the ecosystem over the long term and to fund the incentives that will drive Libra adoption for years to come. Additionally, most transactions will be between escrow wallets. This means that transactions will be recorded internally, as before, and a large number of transactions will be settled on the blockchain. Validators cannot observe this data.

David added that $10 million is the minimum investment, which means some institutions may invest higher amounts. While there are currently only 28 validating nodes, similar to EOS and TRON, Libra plans to increase this number to at least 100 by the time of its 2020 release date.

Validators will benefit in two ways: 1. They will profit from the returns on their investments - which will be held in the form of securities and other assets; 2. In the long run, they will be able to build on this business. David added that the benefits of being a validator include being able to determine the direction of Libra.