FaceCoin is taking on Facebook with decentralized social media
If Facebook wants to stay relevant they have to adopt Ethereum or Bitcoin blockchain. dApps pose an important threat for their business. Coming onto people’s radars is FaceCoin which promises to do just that.
Before twitter turned into a thing of the past, similar to a swarm is required. FaceCoin addresses this problem and makes it easy for users to perform nodes and create a sharded offchain swarm. Decentralized indexing using map reduce tech could solve this kind of scaling issue.
A number of the biggest names in the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have stepped into the sector using their intention to utilize blockchain technology of Ethereum. Up to now, no online community has been created for this network, though many have anticipated the arrival of things like FaceCoin. Those people who are invested check out this as being a lasting play.
Approximately ten years theres been arguement 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 a public basis. No social solution satisfies these tenets yet, then there is an empty industry for cryptocoin to come in and distrupt space.
Newsfeeds might be envisioned on a per-user basis if said user runs dedicated software which sorts and is the data with users through their visitor. Because of this idea to really be executed, you will find there’s large gap to fill which FaceCoin is determined to fix. Tooling, simplicity, and clarity are all apsects that matter.
FaceCoin developers think that the prosperity of the website depends on the volume of people who own and employ it. Development is definitely an ongoing effort and the private beta has been doing full swing for quite a while now. Why has Wall Street ever allowed this kind of threat to exist? If anyone really uses Facebook they understand how much of a joke of which in the role of government and taking your pocket funds are.
This is a game changer as its potential can be so big, many people will want it. They need an area in the ad pie and the businesses will want it as well given it means more customers for the children. Facebook has ended $500 billion, if this type of platform existed but happened to be even 10% of the users it will skyrocket not simply FaceCoin but additionally Ethereum and the fuel of tomorrow.
A very important factor is for sure, when you get noisy ., you could be sitting pretty a couple of years down the line.
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