If Facebook really wants to stay relevant they have to adopt Ethereum or Bitcoin blockchain. dApps pose a serious threat on their business. Coming onto people’s radars is FaceCoin which promises to function that.
Before facebook become a thing of the past, something like a swarm should be used. FaceCoin addresses this problem and makes it easy for users to own nodes and make up a sharded offchain swarm. Decentralized indexing using map reduce tech could solve such a scaling issue.
A few of the biggest names in the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have entered the arena using intention to work with blockchain technology of Ethereum. To date, no social networking has been produced for this network, though many have anticipated the arrival of such things as FaceCoin. Those people who are invested check this out as a long lasting play.
For approximately several years theres been arguement that individuals need a decentralized, encrypted, peer-to-peer way of communication wherein each user physically and legally owns their data, and controls said rights over a public basis. No social solution satisfies these tenets yet, and there is an empty niche for facecoin to come in and distrupt space.
Newsfeeds can be envisioned over a per-user basis if said user runs dedicated software which sorts and presents the data to other users through their browser. For this idea to really be executed, you will find there’s large gap to fill which FaceCoin is established to resolve. Tooling, simplicity of use, and clarity are apsects that matter.
FaceCoin developers feel that the prosperity of the site depends on the quantity of people who own and then use it. Development is an ongoing effort along with the private beta has been around full swing for quite a while now. Why has Wall Street ever allowed such a threat to exist? If a person really uses Facebook they are fully aware how much of fiction of which becoming big brother and taking your wallet financial resources are.
It is a game changer as its potential is indeed big, many people will require it. They need an area of the ad pie along with the businesses will require it also because it means more customers for the children. Facebook is over $500 billion, if the platform existed and got even 10% of these users it’s going to skyrocket not merely FaceCoin but also Ethereum along with the fuel of tomorrow.
One thing is certain, when you get at the begining of, you could be sitting pretty a couple of years later on.
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