If Facebook would like to stay relevant they must adopt Ethereum or Bitcoin blockchain. dApps pose a major threat with their business. Coming onto people’s radars is FaceCoin which plans to do just that.
Before twitter and Facebook turned into a subject put to rest, something similar to a swarm is necessary. FaceCoin addresses this issue and allows users to run nodes and develop a sharded offchain swarm. Decentralized indexing using map reduce tech could solve such a scaling issue.
Some of the biggest names in the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have stepped into the world using intention to utilize blockchain technology of Ethereum. To date, no social networking has been made with this network, though many have anticipated the arrival of such things as FaceCoin. Those who are invested check out this as a long-term play.
For about ten years theres been arguement that people need a decentralized, encrypted, peer-to-peer strategy for communication wherein each user physically and legally owns their data, and controls said rights on a public basis. No social solution satisfies these tenets yet, then there is a marketplace for facecoin in the future in and distrupt the room.
Newsfeeds might be envisioned on a per-user basis if said user runs dedicated software which sorts and presents the data along with other users through their browser. With this idea to be executed, there exists a large gap to fill which FaceCoin is set to solve. Tooling, simplicity, and clarity are typical apsects that matter.
FaceCoin developers believe the success of the site is dependent upon the number of people who own and utilize it. Development can be an ongoing effort and also the private beta has been around full swing for some time now. Why has Wall Street ever allowed such a threat to exist? If someone really uses Facebook they understand the amount of a joke ones serving as your government and taking your pocket financial resources are.
This is the game changer becasue it is potential is indeed big, many people will need it. They really want a piece with the ad pie and also the businesses will need it also since it means more customers for the children. Facebook ends $500 billion, if this type of platform existed but happened to be even 10% of those users it is going to skyrocket not simply FaceCoin but also Ethereum and also the fuel of tomorrow.
Another thing is for sure, if you get during the early, you could be sitting pretty a couple of years later on.
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