#Facebook had tried a lot to launch its own digital currency before the #Corona pandemic. This currency was then known as Libra. There was a contract with Novi Finance to develop this #currency. Due to the difficulties that Facebook faced in developing this currency legally, the name of the currency was changed to Diem. Then, soon after this, the project was closed in January #2022 due to legal legislation. 

But five employees from Novi Finance, which was developing digital currencies for Facebook, decided to complete the project. These five employees are the ones who developed the controversial #Sui coin . Which was launched in the markets on major #trading platforms during the month of May #2023 . Let us learn more about this project, which claims that it will eliminate #Solana  and compete with Ethereum.