Could Facebook Libra Become the Largest DApps Network to Date?

Firstly, Libra was introduced: a new global reserve-backed cryptocurrency built on top of the new Libra Blockchain, with everything governed by a not-for-profit consortium dubbed the Libra Association.

Facebook also announced the creation of Calibra, which is developing the initial business of Libra and its own product outside of the Libra ecosystem.

When the entire Libra ecosystem is broken down, could Libra be the largest DApps network to date? If it checks all the required criteria laid out in the 2014 DApps white paper mentioned previously, and if the roughly 2.4 billion active users throughout Facebook's platforms is considered, it may just be.

To ensure the first condition was achieved, Facebook did launch an open-source prototype version of Libra, called Libra Core - of which the testnet is now live - thus allowing the developer community to get an early preview of the soon-to-launch protocol, beginning engaging immediately.

Libra will be run by the Libra Association, not by Facebook.

With the Libra Protocol, Facebook has introduced the Move programming language for those looking to develop on the Libra Blockchain.

Libra: a different type of cryptocurrencyThe Libra coin will be the network's native token, while also being a stable, reserve-backed cryptocurrency built on top of the Libra blockchain and used throughout the Libra ecosystem, including Calibra.

Due to Libra's current and unique structure, there will be no mining reward system in place at launch for the community beyond Libra Association members, which must also run a validator node - of which will be provided transaction and new user rewards, along with dividends from Libra Investment Tokens.

With Libra and Calibra, Facebook could bring together global partners and all of WeChat's additional features to create the single most significant digital currency and marketplace ever in history - thus opening the door to a thriving future economy of DApps and introducing new business models, markets, products and services, all of which Facebook has successfully proven with its developer community in the past.

The major outstanding issues:Can a company like Facebook leverage its monopoly power in one industry to create a competitive advantage in another? In the case of Libra, Facebook is not directly doing this because it will not control the overall governing body - i.e., the Libra Association.