If Facebook really wants to stay relevant they should adopt Ethereum or Bitcoin blockchain. dApps pose an important threat on their business. Coming onto people’s radars is FaceCoin which plans to do exactly that.
Before twitter turned into a thing of the past, something such as a swarm should be used. FaceCoin addresses this issue and allows users to own nodes and make a sharded offchain swarm. Decentralized indexing using map reduce tech could solve such a scaling issue.
Many of the biggest names within the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have entered into the sector using intention to do business with blockchain technology of Ethereum. Thus far, no social media has been made with this network, though many have anticipated the appearance of such things as FaceCoin. Those people who are invested see this like a long lasting play.
Approximately several years theres been arguement that people need to have 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, and there’s an empty market for facebook to come in and distrupt space.
Newsfeeds may be envisioned on the per-user basis if said user runs dedicated software which sorts and presents the data with users through their web browser. For this idea to truly be executed, there’s a large gap to fill which FaceCoin is established to solve. Tooling, simplicity of use, and clarity are common apsects that matter.
FaceCoin developers believe that the success of the site is determined by the amount of individuals who own and then use it. Development is an ongoing effort and also the private beta has been around full swing for a while now. Why has Wall Street ever allowed such a threat to exist? If somebody really uses Facebook they are fully aware the amount of a tale of which becoming big brother and taking your bank account financial resources are.
This is a game changer becasue it is potential can be so big, lots of people will need it. They really want a section of the ad pie and also the businesses will need it too because it means more customers for the kids. Facebook ends $500 billion, if this type of platform existed but got even 10% of people users it’s going to skyrocket not just FaceCoin but in addition Ethereum and also the fuel of tomorrow.
Something is certain, when you get at the begining of, you will be sitting pretty a couple of years down the line.
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