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The launch of the recent cryptocurrency by Facebook has created a hype in the crypto-market. The CEO of Sogou, Wang Xiaochuan, has said that the Facebook cryptocurrency “Libra” has the potential to change the world. This new launch of the currency “Libra” has caused the great chaos in China as the country now needs a more advanced network system to compete with this technology. Xiaochuan said that Libra will steer on internet 3.0 and its global partnerships and collaborations will strengthen the cryptocurrency sector. He said that currently there are over two hundred and seven billion users of Facebook so