FaceCoin has taken on Facebook with decentralized online community
If Facebook desires to stay relevant they must adopt Ethereum or Bitcoin blockchain. dApps pose a major threat for their business. Coming onto people’s radars is FaceCoin which plans to do exactly that.
Before twitter and Facebook become a subject put to rest, similar to a swarm is required. FaceCoin addresses this issue and allows users to perform nodes and develop a sharded offchain swarm. Decentralized indexing using map reduce tech could solve a real scaling issue.
A few of the biggest names within the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have entered into the world using intention to do business with blockchain technology of Ethereum. Thus far, no social network has been made on this network, though many have anticipated the arrival of such things as FaceCoin. Those who are invested check out this like a lasting play.
For approximately ten years theres been arguement that people require a decentralized, encrypted, peer-to-peer way 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 is an open market for social network into the future in and distrupt space.
Newsfeeds could be envisioned on the per-user basis if said user runs dedicated software which sorts and is the data to other users through their internet browser. With this idea to actually be executed, there is a large gap to fill which FaceCoin is decided to resolve. Tooling, convenience, and clarity are apsects that matter.
FaceCoin developers think that the prosperity of the site depends upon the volume of people that own and utilize it. Development is an ongoing effort as well as the private beta has been doing full swing for a while now. Why has Wall Street ever allowed a real threat to exist? If a person really uses Facebook they know how much of fiction ones serving as your government and taking your wallet money is.
This is the game changer becasue it is potential is really big, many individuals will need it. They really want an area with the ad pie as well as the businesses will need it too because it means more customers on their behalf. Facebook is over $500 billion, if this type of platform existed and got even 10% of those users it is going to skyrocket not just FaceCoin but in addition Ethereum as well as the fuel of tomorrow.
One thing is for sure, driving under the influence during the early, you may be sitting pretty a few years in the future.
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