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Libra Swap Process Flow

LibraSwap introduction

In this article, we will introduce LibraSwap, an experimental project to bridge Libra with Ethereum. It aims to implement a minimum viable prototype to fulfill token swap between Libra and Ethereum. There are two reasons why we choose this fun project. On the one hand, we want to learn more on how Libra works. On the other hand, we are familiar with Ethereum blockchain. However, due to the limitation of Libra testnet, we can not deploy and interact with Libra smart contract. We implement a unilateral Libra swap instead of the standard atomic swap.

Libra

An Introduction To Libra

On June 18, Facebook unveiled its blockchain project, called Libra. The goal of Libra is to build a new financial infrastructure that empowers billions of people to access financial service efficiently and cheaply. According to the white paper, Libra is expected to launch in 2020. However, the emergence of Libra makes the US Congress ask Facebook to pause its development because the new global currency it brings would harm existing financial system. Libra published the white paper, open sourced the projects, and release the Testnet. Thus, developers can play around with the Libra and contribute to Libra Core. Currently, the Libra project is under ongoing development and the discussion forum is active too.