in some cases trying to sell discounted Libra which was not yet accessible. Numerous of the counterfeits used the Facebook logo, images of Facebook CEO Mark Zuckerberg, and Libra's official marketing material. The growth of fake pages and groups devoted to Libra added to Facebook's difficulties with global authorities. Legal issues Diem Association (formerly Libra Association) faces legal challenges as both the name and the logo of the digital currency are already in use within different territories. Finco Services Inc has filed a lawsuit with New York Southern District Court against Facebook, Inc., Novi Financial, Inc., Jlv, LLC and Character SF, LLC for an alleged trademark infringement arising out of the use by the latter of a logo similar to the start-up bank operated by Finco Services, Inc. The plaintiff has requested a preliminary and permanent injunctive relief as well as monetary relief from the defendants. A settlement conference in this matter is scheduled for March 26, 2020 in the United States Courthouse, while the parties did not consent to conducting the proceedings before a magistrate judge and requested to be tried to a jury. In Europe, Libra Association has filed an application with the European Union Intellectual Property Office for the registration of the word “LIBRA” as a verbal trademark. The proceeding has already received five oppositions to registration from four European companies based mainly on the alleged likelihood of confusion with their prior trademarks. The opposing companies are Lyra Network, Libra Internet Bank, Libri GmbH and Advanced New Technologies Co., Ltd. In April 2020, the parties will reach the adversarial part of the opposition proceedings, unless a settlement is reached during the cooling-off period. Implementation Blockchain consensus Diem will not rely on cryptocurrency mining. Only members of Diem Association will be able to process transactions via the permissioned blockchain. Diem hopes to begin transitioning to a permissionless proof-of-stake system within five years; although their own materials admit that no solution exists "that can deliver the scale, stability, and security needed to support billions of people and transactions across the globe through a permissionless network." Software Diem source code is written in Rust and published as open source under the Apache License on GitHub. In June 2019, Elaine Ou, an opinion writer at Bloomberg News, tried compiling and running the publicly released code for Libra. At the time, the software did little more than allow fake coins to be