FaceCoin is taken on Facebook with decentralized social media
If Facebook wants to stay relevant they must adopt Ethereum or Bitcoin blockchain. dApps pose a serious threat for their business. Coming onto people’s radars is FaceCoin which intends to do exactly that.
Before twitter and Facebook become a thing of the past, something similar to a swarm should be used. FaceCoin addresses this problem and allows users to operate nodes and develop a sharded offchain swarm. Decentralized indexing using map reduce tech could solve a real 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 arena making use of their intention to use blockchain technology of Ethereum. Currently, no social media has been made with this network, though many have anticipated the appearance of things such as FaceCoin. Those who find themselves invested see this being a long lasting play.
For around a decade theres been arguement we need 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, as there are an empty industry for ethereum ahead in and distrupt space.
Newsfeeds can be envisioned on 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, you will find there’s large gap to fill which FaceCoin is determined to resolve. Tooling, simplicity of use, and clarity are all apsects that matter.
FaceCoin developers believe the achievements of the site depends on the amount of individuals who own and then use it. Development is an ongoing effort along with the private beta has been around full swing for some time now. Why has Wall Street ever allowed a real threat to exist? If someone really uses Facebook they are fully aware the amount of a joke of these becoming larger and taking your wallet money is.
It is a game changer since it’s potential is indeed big, many individuals will require it. They really want an area from the ad pie along with the businesses will require it as well as it means more customers on their behalf. Facebook ends $500 billion, if it platform existed but got even 10% of these users it is going to skyrocket not simply FaceCoin and also Ethereum along with the fuel of tomorrow.
Something is for sure, if you get in early, you will be sitting pretty many years down the line.
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