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Blockchain technology and staking services provider Bison Trail has announced the launch of its Query and Transaction Cluster (QT) protocol to help developers build projects on Facebook’s upcoming Libra network.

Libra QT helps connect the Libra preparatory mainnet and off-chain systems, allowing dedicated off-chain infrastructure to read and write data to the blockchain.

According to a Nov. 25 statement from Bison Trails, a company that provides blockchain services and infrastructure to cryptocurrency companies, “Libra
QT provides fully managed, dedicated, highly flexible Libra read and write nodes and support systems, eliminating the cumbersomeness and expense of internal operations. Aaron, co-founder and CTO of Bison Trails
Henshaw said:

“Libra QT is our core offering for the Libra ecosystem. It allows people to securely and easily integrate their exchanges and wallets on Libra and create compelling new applications.”

Developers can use Bison Trails’ Libra QT to create wallets, exchanges and other virtual asset services on the Libra preparatory mainnet. Bison
Trails is a founding member of the Libra Association.

Libra QT also supports special use cases such as payment processing, transaction verification, and smart contract creation and market making.

Since facing stiff regulatory resistance in 2019, the Libra Association has redesigned the project as it lost media attention. Since announcing last month that former HSBC, Credit Suisse and Santander executive Ian
The association has gained little traction since Jenkins took over as chief financial officer and chief risk officer.

In a recent interview, cryptocurrency skeptic David
Gerard, who has written a book about Libra, described the "unanimous" response to Libra from international regulators as "astonishing" and noted that lawmakers around the world immediately threw obstacles at the project and moved to strengthen existing Laws to protect “global stablecoins.”

Gerard believes that as Libra is challenging monetary policy sovereignty, the threat of global "Libraization" is too great for regulators to ignore.

“It’s like dollarization, dollarization is a situation where a country’s economy is completely replaced by the dollar. The same thing could happen with Libraization, which would be pretty bad because even though the dollar is maintained by the Federal Reserve for the benefit of the United States Yes, but dollarization also provides some kind of public service.”

This year, the Libra Association has expanded its membership to 30 companies, including leading DLT venture capital firm Blockchain
Capital, as well as major e-commerce companies Shopify and Checkout.com.

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