Bison Trail - a blockchain technology and staking service provider - has claimed to launch its Query and Transactions Clusters (QT) protocol so as to help developers build on Facebook's impending Libra network.
A bridge is offered between Libra's pre-mainnet and off-chain systems, enabling dedicated off-chain infrastructure to read and write data to the blockchain.
Bison Trails, which offers crypto firms blockchain services and infrastructure, announced on Nov.25 that "Libra QT offers fully-managed, dedicated, and highly resilient Libra read/write nodes and supporting systems without the hassle and expense of running them in-house." Aaron Henshaw - Bison Trails' co-founder and CTO - stated:
"Libra QT is a core part of our product offering for the Libra ecosystem. It allows people building on top of Libra to securely and easily integrate their exchanges and wallets, and build new and exciting applications."
Developers can build wallets, exchanges, and other virtual asset services on Libra's pre-mainnet through Bison Trails' Libra QT.
Meanwhile, Libra QT allows payment processing, transaction validations, along with specialized use-cases such as smart contract authoring and market-making.
The Libra Association suffered a serious regulation since 2019, thus the redesigned project gained little attention from the public since announcing former HSBC, Credit Suisse, and Santander executive Ian Jenkins as its chief financial officer and chief risk officer last month.
David Gerard - a crypto skeptic who has written a book on Libra - considered during a recent interview the "uniformity" of the exclusionary response from international regulators to Libra as "amazing," stating that lawmakers worldwide instantly set barriers to the project and began to consolidate the current legislation to prevent against "global stablecoins."
Regulators failed to ignore that the threat of global "Libra-ization" was too great in that Libra threatened the sovereignty of monetary policy, said Gerard.
"It's like dollarization, which is the word for when a country's economy is totally overtaken by US dollars [...] Libra-ization could happen the same way - that would be quite bad, because while the US dollar is maintained by the Federal Reserve for US interests […] there is some sort of public service aspect to dollarization."
2020 sees the member of Libra association has extended to 3, covering Blockchain Capital - a top DLT venture capital firm - major e-commerce firms Shopify and Checkout.com.