Vision

To enable universal access to financial services.

Innovation. Inclusion. Integrity.

Blockchain Technology

The Diem network is built on a secure, scalable, and reliable blockchain designed so that anyone can build on it, and billions of people can depend on it.

Stable Value

Diem Coins are backed by a reserve of assets made up of cash or cash equivalents and very short-term government securities.

Independent Governance

The Diem Association is tasked with facilitating the operation of the Diem payment system in a safe and compliant manner.

How the Diem payment system works

The Vision - enable people to send, receive, spend and secure their money on the Libra network

The Mission

The Diem payment system is built on blockchain technology to enable the open, instant, and low-cost movement of money. People will be able to send, receive, and spend their money, enabling universal access to financial services.

The Coins

The Diem payment system will support single-currency stablecoins (e.g., ≋USD, ≋EUR, and ≋GBP) and a multi-currency coin (≋XDX).

The Reserve

Diem Coins are fully backed by a reserve of assets made up of cash or cash equivalents and very short-term government securities. This ensures people and businesses have confidence that their Diem Coins can be converted into their local currency when they need it to be.

The Blockchain

The Diem Blockchain is the technological backbone of the payment system, operated by a network of validator nodes. The software that implements the blockchain is open source — designed so that anyone can build on it — and is able to scale so that billions of people can depend on it for their financial needs.

A closer look at

Economics and the Reserve

A detailed look at the Diem Reserve: the design and structure, the assets behind Diem Coins, and the protections in place for Diem Coin holders.

The Blockchain

The Diem Blockchain is a distributed, programmable database designed to serve as a foundation for financial services, including a new global payment system to meet the daily financial needs of billions of people. To validate the design of the Diem protocol, the Diem Association has built an open-source prototype implementation in anticipation of a global collaborative effort to advance the Diem network.

Commitment to Compliance and Consumer Protection

The Association plans to create a payment system that is compliant, safe, and consumer-friendly. It will also support efforts by regulators, central banks, and lawmakers to ensure that the Association contributes to the fight against money laundering, terrorism financing, and more. This document describes the Association’s commitment to compliance and consumer protection.

An Open and Competitive Network

This document outlines some of the questions, decisions, and governance the Association will address in order to establish an open, transparent, and competitive market for network services and governance.

Move Programming Language

Move is a safe and flexible programming language for the Diem Blockchain. Move is an executable bytecode language used to implement custom transactions and smart contracts. The safety and expressivity of Move have enabled implementation of significant parts of the Diem protocol in Move, including Diem Coins, transaction processing, and validator management.

State Machine Replication in the Blockchain

This report presents Diem Byzantine Fault Tolerance (DiemBFT), a robust and efficient state machine replication system designed for the Diem Blockchain. DiemBFT is based on HotStuff, a recent Byzantine Fault Tolerant (BFT) consensus protocol.

Security on the Network

An overview of the approach and implementation of security on the Diem Blockchain. Keeping the Diem network secure is one of the Diem Association’s main priorities, and this document outlines our commitment to security.