If Facebook desires to stay relevant they should adopt Ethereum or Bitcoin blockchain. dApps pose a significant threat with their business. Coming onto people’s radars is FaceCoin which offers to do exactly that.
Before facebook turned into a thing of the past, something similar to a swarm is required. FaceCoin addresses this issue and allows users to operate nodes and create a sharded offchain swarm. Decentralized indexing using map reduce tech could solve this type of scaling issue.
Some of the biggest names within the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have entered into the world using their intention to work with blockchain technology of Ethereum. To date, no social network has been created on this network, though many have anticipated the appearance of things such as FaceCoin. Those who find themselves invested check this out as a long-term play.
For about 10 years theres been arguement that we 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, as there are a industry for ethereum in the future in and distrupt the space.
Newsfeeds may be envisioned on the per-user basis if said user runs dedicated software which sorts and presents the data to other users through their visitor. With this idea to be executed, there exists a large gap to fill which FaceCoin is established to fix. Tooling, ease of use, and clarity are apsects that matter.
FaceCoin developers think that the achievements your website is dependent upon the volume of people that own and use it. Development can be an ongoing effort and the private beta has been full swing for a long time now. Why has Wall Street ever allowed this type of threat to exist? If anyone really uses Facebook they know how much of bull crap ones serving as your government and taking your bank account cash is.
This is the game changer since its potential can be so big, lots of people will want it. They desire an area from the ad pie and the businesses will want it too as it means more customers for the kids. Facebook is finished $500 billion, if this type of platform existed but happened to be even 10% of the users it will skyrocket not merely FaceCoin but additionally Ethereum and the fuel of tomorrow.
One thing is certain, if you get at the begining of, you could be sitting pretty a couple of years later on.
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