If Facebook really wants to stay relevant they should adopt Ethereum or Bitcoin blockchain. dApps pose a major threat to their business. Coming onto people’s radars is FaceCoin which offers to just do that.
Before facebook and twitter be a thing of the past, something similar to a swarm is required. FaceCoin addresses this issue and makes it easy for users to run nodes and make a sharded offchain swarm. Decentralized indexing using map reduce tech could solve this kind of scaling issue.
A number of the biggest names from the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have entered the sector using intention to work with blockchain technology of Ethereum. Currently, no social media has been created with this network, though many have anticipated the arrival of things such as FaceCoin. Those who are invested check this out as a long term play.
For approximately ten years theres been arguement that individuals need a decentralized, encrypted, peer-to-peer means of communication wherein each user physically and legally owns their data, and controls said rights over a public basis. No social solution satisfies these tenets yet, and there is a marketplace for bitcoin to come in and distrupt the room.
Newsfeeds could be envisioned over a per-user basis if said user runs dedicated software which sorts and is the data along with other users through their web browser. With this idea to actually be executed, there is a large gap to fill which FaceCoin is set to fix. Tooling, convenience, and clarity are apsects that matter.
FaceCoin developers believe that the prosperity of the website is determined by the volume of individuals who own and employ it. Development can be an ongoing effort and the private beta has been around 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 the amount of fiction of them becoming larger and taking your wallet cash is.
This can be a game changer since its potential is so big, many individuals ought it. They desire an area with the ad pie and the businesses ought it as well because it means more customers for the kids. Facebook is over $500 billion, if this type of platform existed and got even 10% of people users it’ll skyrocket not only FaceCoin but also Ethereum and the fuel of tomorrow.
Another thing is for sure, if you get noisy ., you’re likely to be sitting pretty a few years in the future.
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