If Facebook wants to stay relevant they should adopt Ethereum or Bitcoin blockchain. dApps pose an important threat to their business. Coming onto people’s radars is FaceCoin which intends to just do that.
Before facebook and twitter become a subject put to rest, something similar to a swarm should be used. FaceCoin addresses this challenge and makes it easy for users to operate 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 stepped into the sector with their intention to utilize blockchain technology of Ethereum. Currently, no social media has been made with this network, though many have anticipated the arrival of things like FaceCoin. Those who find themselves invested see this being a long term play.
For about 10 years theres been arguement we need a decentralized, encrypted, peer-to-peer means of communication wherein each user physically and legally owns their data, and controls said rights on the public basis. No social solution satisfies these tenets yet, then there is a marketplace for facebook into the future in and distrupt the room.
Newsfeeds might be envisioned on the per-user basis if said user runs dedicated software which sorts and presents the data with 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, and clarity are all apsects that matter.
FaceCoin developers feel that the achievements the website is determined by the amount of those who own and then use it. Development is surely an ongoing effort along with the private beta has been doing full swing for a long time now. Why has Wall Street ever allowed such a threat to exist? If a person really uses Facebook they understand how much of bull crap ones serving as your government and taking your pocket cash is.
This is the game changer since its potential can be so big, many people will require it. They need an area with the ad pie along with the businesses will require it also as it means more customers on their behalf. Facebook is finished $500 billion, if it platform existed but happened to be even 10% of these users it is going to skyrocket not only FaceCoin and also Ethereum along with the fuel of tomorrow.
A very important factor is certain, if you get in early, you could be sitting pretty quite a while down the line.
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