FaceCoin is taking on Facebook with decentralized online community
If Facebook wants to stay relevant they must adopt Ethereum or Bitcoin blockchain. dApps pose an important threat with their business. Coming onto people’s radars is FaceCoin which offers to function that.
Before facebook be a thing of the past, something such as a swarm should be used. FaceCoin addresses this problem and makes it easy for users to operate nodes and make up a sharded offchain swarm. Decentralized indexing using map reduce tech could solve such a scaling issue.
Many of the biggest names from the sector of finance and software, including Intel, Microsoft, and J.P. Morgan, have entered the world using their intention to utilize blockchain technology of Ethereum. To date, no social networking has been produced for this network, though many have anticipated the appearance of specific things like FaceCoin. Those who find themselves invested check this out like a long term play.
For about several years theres been arguement that people 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 over a public basis. No social solution satisfies these tenets yet, as there are an empty industry for ethereum in the future in and distrupt space.
Newsfeeds can be envisioned over a per-user basis if said user runs dedicated software which sorts and is the data to other users through their browser. With this idea to truly be executed, there’s a large gap to fill which FaceCoin is set to resolve. Tooling, convenience, and clarity are apsects that matter.
FaceCoin developers feel that the success of the website is determined by the number of individuals who own and utilize it. Development is an ongoing effort and the private beta has been full swing for some time now. Why has Wall Street ever allowed such a threat to exist? If anyone really uses Facebook they do know how much of a tale of these acting as your government and taking your bank account cash is.
This is a game changer becasue it is potential is really big, many people will want it. They really want a piece of the ad pie and the businesses will want it too because it means more customers on their behalf. Facebook is finished $500 billion, if the platform existed but happened to be even 10% of these users it’s going to skyrocket not just FaceCoin and also Ethereum and the fuel of tomorrow.
Something is for sure, if you get in early, you may be sitting pretty a few years in the future.
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